Kraft Heinz lowers sales outlook for the year, weighed down by consumer uncertainty and tariffs
By DEE-ANN DURBIN
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.
Related Articles
-
Volcano Bay says ta-ta to TapuTapu, sets temporary closure for 2026 -
Starbucks’ new drive-thru in Texas is the coffee giant’s first 3D printed store in the US -
Universal expands Epic Universe previews to general public -
How to avoid credit card late fees after a court threw out a proposed cap -
Coca-Cola reports better-than-expected quarterly profit, says it can manage through tariffs
It’s the latest big food company to sound the alarm over trade tensions and weak consumer demand. Last week, PepsiCo lowered its full-year earnings forecast, also citing tariffs. And earlier Tuesday, Coca-Cola noted a pullback in U.S. consumer spending due to economic uncertainty.
Kraft Heinz acknowledged that it’s in a tough spot. It needs to keep prices low to prevent consumers from migrating to cheaper store brands of products like ketchup, mayonnaise and macaroni and cheese. But tariffs – which impact imported ingredients like coffee – will add to its expenses.