Kraft Heinz shares fall on weak 2025 outlook
By Frank Prenesti
Date: Wednesday 12 Feb 2025
(Sharecast News) - Shares in Kraft Heinz fell sharply in pre-market trade after the food conglomerate said profit would be below forecasts and missed quarterly sales estimates on the back of weak demand price rises.
Kraft Heinz said it expected fiscal 2025 adjusted earnings per share to be $2.63 - $2.74, compared with analysts' average estimates of $3.04. Shares were down 6% on the news.
The company posted fourth-quarter revenue of $6.58bn, compared with analysts' estimates of $6.66bn.
Kraft expects 2025 organic net sales to range from flat to down 2.5% year on year with sequential improvement throughout each quarter, with a flat to slightly positive contribution from price throughout the year.
Reporting by Frank Prenesti for Sharecast.com
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