💨 Abstract

Kraft Heinz lowers full-year sales and earnings guidance due to weaker consumer spending in the U.S and Trump's tariffs. The company is facing increased expenses due to tariffs on imported ingredients like coffee, and is trying to minimize price hikes. They are exploring alternatives like shifting suppliers and reformulating products. Kraft Heinz expects its operating income to fall up to 10%, compared to the earlier expected decline of up to 5%.

Courtesy: wtop.com

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