Kraft Heinz Fights Weak Demand
Kraft Heinz continues to struggle with declining revenue as it moves forward with plans to divide into two separate entities, the food manufacturing giant said in its Q3 earnings report.
Our third quarter results reflect a modest year-over-year improvement in our top-line performance relative to the first half of the year.
CEO Carlos Abrams-Rivera stated that despite the challenging operating environment, the company is seeing improvement driven by targeted investments to deliver superior and affordable products. Kraft Heinz has lowered its fiscal year 2025 outlook to reflect a 3% to 3% decline.
Author's summary: Kraft Heinz struggles with weak demand.
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