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, according to its Q3 earnings report.
The company's CEO, Carlos Abrams-Rivera, stated:
Our third quarter results reflect a modest year-over-year improvement in our top-line performance relative to the first half of the year. While the operating environment remains challenging, we’re seeing improvement driven in part by targeted investments we’re making to deliver superior and affordable products to our consumers.
Kraft Heinz has lowered its fiscal year 2025 outlook to reflect a 3% to 3% decline.
Author's summary: Kraft Heinz struggles with revenue decline.