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Kraft Heinz misses first-quarter sales estimates
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Kraft Heinz misses first-quarter sales estimates
May 1, 2024 4:58 AM

May 1 - Kraft Heinz ( KHC ) missed Wall Street

expectations for first-quarter sales on Wednesday, as

inflation-weary consumers pushed back on higher prices of its

branded lunch combos, meat cold cuts and mac & cheese.

The Heinz ketchup maker posted net sales of $6.41 billion in

the three months ended March 30, compared with analysts' average

estimate of $6.43 billion, according to LSEG data.

(Reporting by Savyata Mishra in Bengaluru; Editing by Sriraj

Kalluvila)

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