Kraft Heinz is changing its internal reporting segments in what the company described as an effort to boost efficiency and drive growth across its global business.
The company said Wednesday that it is now managing operating results across three reportable segments: North America, Europe and Pacific Developed Markets, and Emerging Markets.
The Emerging Markets segment previously contained two separate operating segments: West and East Emerging Markets and Asia Emerging Markets. Those two segments are being formally merged as part of the reporting changes.
The company is also moving certain European countries from the West and East Emerging Markets segment into the Europe and Pacific Developed Markets segment.
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