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Kraft Heinz reports Q4 revenue decline of 7.1% due to inflation and consumer behavior shift.
Kraft Heinz reported a decline in Q4 revenue and earnings, attributing this to inflation and customers trading down to cheaper brands or reducing their purchases.
The company's Q4 revenue was $6.86 billion, down 7.1% year-over-year, and earnings were $0.78 per share.
Kraft Heinz's 2024 guidance is for full-year earnings between $3.01 and $3.07 per share.
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Kraft Heinz informa una caída de ingresos del 7,1% en el cuarto trimestre debido a la inflación y al cambio de comportamiento del consumidor.