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Kraft Heinz cuts annual sales forecast

Jul 31, 2024 4:36 AM

July 31 (Reuters) - Kraft Heinz ( KHC ) on Wednesday

slashed its organic sales forecast for the full year, in a sign

that higher prices of its snacks and ready-to-eat meal kits will

continue to weigh on consumer demand.

The Heinz ketchup maker now expects fiscal year 2024 organic

net sales to be flat to down 2%, from its prior forecast of flat

to 2% growth.

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