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Kraft Heinz reports lower profits and sales due to price hikes, missing analyst estimates.
Kraft Heinz reported lower-than-expected profits and sales, attributing the decline to reduced demand following price increases on products like Lunchables.
The company's shares fell by 5% after forecasting 2025 earnings below analyst estimates.
Despite increased marketing and tech investments, higher costs and a 4.1 percentage point drop in product volumes impacted their performance.
Kraft Heinz now expects 2025 earnings per share between $2.63 and $2.74, below the average analyst estimate of $3.04.
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Kraft Heinz reporta menores ganancias y ventas debido a alzas de precios, estimaciones de analista ausentes.