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.


Kraft Heinz lowers outlook as first-quarter sales fall
The Kraft Heinz Company has reported lower global sales and profit for the first quarter, which management attributed to growing market pressures. For the quarter ended March 29, net sales fell 6.4 per cent to US$6 billion, while organic net sales slid 4.7 per cent. By region, net sales decreased 7 per cent in North America, 4.4 per cent in international developed markets and 4.7 per cent in emerging markets. On the bottom line, operating income…
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