Consumer
Kraft Heinz Outlook Falls Short, Warns of Tariff and SNAP Risks
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Kraft Heinz Co. said it will discount key items in the coming year while improving products and boosting marketing in order to compete for inflation-weary customers.
The food company forecast full-year adjusted earnings per share and organic sales below analyst estimates. Also rattling investors, it issued a blanket warning that its outlook doesn’t account for the “significant worsening” of tariffs, food regulation changes, changes to SNAP benefits, currency impacts, and an overall declining macro environment.