Oscar Mayer And Jell-O Maker Kraft Heinz Feels Macro Economic Pinch, Cuts Profit Outlook

Benzinga

Kraft Heinz reported its first-quarter 2025 earnings on Tuesday, highlighting results from its portfolio of well-known brands including Oscar Mayer, Jell-O, Heinz Ketchup, Lunchables, and Philadelphia Cream Cheese. The food giant reported a sales decline of 6.4% year-on-year to $5.99 billion, missing the analyst consensus estimate of $6.02 billion. Adjusted earnings per share of 62 cents beat the consensus estimate of 60 cents. CEO Carlos Abrams-Rivera said Kraft Heinz is monitoring macroeconomic pressures like tariffs and inflation while increasing investments to enhance product and brand value for consumers. The company lowered its fiscal 2025 adjusted earnings outlook to $2.51 to $2.67 from $2.63 to $2.74.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Kraft Heinz reported its first quarter 2025 earnings on Tuesday,

00:05highlighting results from its portfolio of well-known brands,

00:08including Oscar Mayer, Jell-O, Heinz Ketchup, Lunchables, and tasty Philadelphia cream cheese.

00:13The food giant reported a sales decline of 6.4% year-over-year to $5.99 billion.

00:19Visiting the analyst's consensus estimate of $6.02 billion,

00:22adjusted earnings per share of $0.62, beating a consensus estimate of $0.60.

00:25CEO Carlos Amos Rivera said Kraft Heinz is monitoring macroeconomic pressures like tariffs and inflation

00:32while increasing investments to enhance product and brand value for consumers.

00:36The company lowered its fiscal 2025 adjusted earnings outlook to $2.51 to $2.67,

00:43from $2.63 to $2.74.

00:46For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended