Kraft Heinz Forecasts Annual Profit Below Estimates

Reuters
12 Feb

The Kraft Heinz Company forecast annual profit below estimates on Wednesday, as the packaged food maker contends with sluggish demand for its higher-priced products including Lunchables and packaged meat.

The company expects fiscal 2025 adjusted earnings per share to be in the range of $2.63 to $2.74, compared with analysts' average estimates of $3.04.

U.S.-listed shares of the company fell 5% in premarket trading.

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