Reported about 6 hours ago
Kraft Heinz has announced an annual profit forecast below expectations due to continued sluggish demand and misses on quarterly sales, largely attributed to price increases that have affected consumer spending. The company reported a 4.1% decline in volumes and a projected fiscal 2025 adjusted earnings per share of $2.63 to $2.74, well below analyst estimates. Increased costs and a competitive market environment are prompting Kraft Heinz to enhance marketing and invest in brands to regain market share.
Source: YAHOO