Kraft Heinz Lowers Full-Year Outlook Amid Weak Consumption Trends
Kraft Heinz reported lower third-quarter sales and trimmed its full-year outlook amid industry concerns about higher inflation and a pullback in consumer spending.
"While the operating environment remains challenging, we're seeing improvement driven in part by targeted investments we're making to deliver superior and affordable products to our consumers," said Chief Executive Carlos Abrams-Rivera.
The food producer reported sales of $6.24 billion, down 2.3% from the year before. Analysts expected $6.26 billion, according to FactSet...
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