Kraft Heinz takes $666 million charge, misses sales expectations
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CHICAGO (Reuters) - Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses - including coffee brand Maxwell House - by $666 million (£511.2 million).Kraft Heinz's sales have been muted for fourteen straight quarters as consumers turn to cheaper private label brands, online shopping and fashionable, non-processed and organic food. Thursday's results mark the one-year anniversary of Kraft..