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Kraft Heinz lowers sales outlook for the year, weighed down by consumer uncertainty and tariffs

  • Kraft Heinz lowered its full-year organic sales and profit forecasts on Tuesday due to weaker demand in the United States.
  • The company cited an uncertain economic environment, including tariffs imposed by President Donald Trump, which have reduced consumer spending.
  • Kraft Heinz faced a 7% decline in North American revenue and posted first-quarter net sales of $5.9 billion, below Wall Street's $6.0 billion estimate.
  • CEO Carlos Abrams-Rivera noted that the company is carefully observing how factors like tariffs, rising inflation, and shifts in consumer behavior are affecting the market.
  • The company anticipates a decrease in operating income of up to 10% this year and aims to limit price hikes by considering supplier changes and product reformulations.
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Kraft Heinz lowers sales outlook for the year, weighed down by consumer uncertainty and tariffs

Kraft Heinz lowered its full-year sales and earnings guidance Tuesday, citing weaker customer spending in the U.S. and the impact of President Donald Trump’s tariffs.

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The Globe & Mail broke the news in Canada on Tuesday, April 29, 2025.
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