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Kraft Heinz Stock Drops as Q4 Sales, 2025 Outlook Lag Estimates
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Key Points
- Kraft Heinz shares fell more than 3% as the food giant reported fourth-quarter sales and released guidance for 2025.
- Kraft Heinz accused “consumer behavior continues to shift due to economic uncertainty” and that sales of his lunch brand foods have been weak.
- Kraft Heinz’s stock has lost one fifth of its value in the past year.
Kraft Heinz (KHC) On Wednesday, stocks fell 3.5% as the food giant reported fourth-quarter sales and released 2025 guidance, missing analyst estimates.
Manufacturers of Heinz Ketchup and Kraft Mac & Cheese said sales in the fourth quarter fell 4% year-on-year to $6.58 billion, neither of which reached the visible Alpha Sansensus. Adjustment Earnings per share (EPS) The rise of nearly 8% in 84 cents, surpassing the forecast.
Kraft Heinz It said “continuous changes in consumer behavior due to economic uncertainty”, and the decline in lunch branded food was attributed to weak sales.
According to the company Associated Press. (Kraft Heinz tells AP It has taken lunch time from the school because “demand doesn’t meet our goals” and the business impact is “negligible.” )
CEO calls 2024 a “Challenge Year”
CEO Carlos Abrams-Rivera called 2024 a “challenging year” and noted that $25.85 billion in sales were below the company’s expectations.
Kraft Heinz said organic sales are expected to drop by 2.5% and flat in 2025, and adjusted for $2.63 to $2.74. Both missed analyst estimates.
Kraft Heinz’s share price has fallen by more than a fifth in the past 12 months.
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