Kraft Heinz Fights Weak Demand with Marketing Blitz
Kraft Heinz continues to struggle with declining revenue as it moves forward with plans to divide into two separate entities, the company said in its Q3 earnings report.
Our third quarter results reflect a modest year-over-year improvement in our top-line performance relative to the first half of the year.
According to Kraft Heinz CEO Carlos Abrams-Rivera, the company is seeing improvement driven by targeted investments to deliver superior and affordable products to consumers.
- Kraft Heinz lowered its fiscal year 2025 outlook to reflect a 3% to 3% decline.
Author's summary: Kraft Heinz struggles with revenue decline.