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Kraft Heinz forecasts annual profit below estimates

By Thomson Reuters Feb 12, 2025 | 6:08 AM

(Reuters) – Kraft Heinz forecast annual profit below estimates on Wednesday, as the packaged food maker contends with sluggish demand for its higher-priced products including Lunchables and packaged meat.

The company expects fiscal 2025 adjusted earnings per share to be in the range of $2.63 to $2.74, compared with analysts’ average estimates of $3.04.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Sriraj Kalluvila)