Kraft Heinz Lowers Sales Guidance

This is a news story, published by Yahoo Finance, that relates primarily to Kraft Heinz news.

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Kraft Heinz

Associated Press News

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Business

Business & Economics

Kraft Heinz lowers sales outlook for the year, weighed down by consumer uncertainty and tariffs

Summary

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86% Informative

Kraft Heinz says it needs to keep prices low to prevent consumers migrating to cheaper store brands of products like ketchup, mayonnaise and macaroni and cheese.

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.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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not offensive