⁍ The company, known for brands from Philadelphia cream cheese to Heinz ketchup, said quarterly sales grew 6% to $6.44 billion.

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⁍ Kraft last month said it would sell its natural cheese business to French dairy company Groupe Lactalis for $3.2 billion.

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⁍ For the full year, Kraft raised its forecast for adjusted core earnings to high single digits from mid single digits.

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– Kraft Heinz reported better-than-expected third-quarter earnings Thursday, helped by sales growth in the US and higher prices. The company’s shares were up about 4% in premarket trading, per Reuters, after the company said sales grew 6% to $6.44 billion, beating analysts’ average estimate of $6.32 billion. The company, which has been struggling with weak sales and was forced to write down the value of several brands over the past two years, said quarterly sales grew 6.3% to $6.44 billion, beating analysts’ average estimate of $6.32 billion. Sales in the United States, its biggest market, rose 7.4%, helped by a 4% point hike in prices due to reduced promotional activity compared to a year earlier and as a step to offset higher dairy prices. To save $2 billion by 2024 and halt weak sales, Kraft last month said it would sell its natural cheese business to French dairy company Groupe Lactalis for $3.2 billion, step up marketing budget, and overhaul its supply chain. Compared to its peers, Kraft generated the highest increase in sales over the past 12 weeks at US retail stores. It rose 9.8% for Kraft, 5% for Kellogg, and 8.7% for General Mills. Organic sales, which strips off impacts from M&A and currency fluctuations, rose 6.3% in the quarter and the company said it continues to expect mid-single-digit organic sales growth for the fourth quarter. For the full year, Kraft raised its forecast for adjusted core earnings to high single digits from mid single digits.