Reported about 9 hours ago
Kraft Heinz has revised its full-year sales and profit forecasts downward due to decreased demand for its snacks and meal kits, impacted by rising prices and U.S. tariff uncertainties. The company noted that consumers are tightening their budgets amid fears of inflation and economic stagnation, leading to a shift towards more affordable food options. Kraft Heinz now anticipates a decline in organic net sales, alongside lower earnings projections for the fiscal year.
Source: YAHOO