NEW YORK, Nov 12 (Reuters) - Kraft Heinz ( KHC ) is no
longer making its packaged lunch brand Lunchables for low-income
students receiving free and reduced-priced meals from a federal
program, according to a company statement, the latest blow to
one of the company's most iconic products.
Chicago-based Kraft Heinz ( KHC ) announced plans to sell to the
school lunch program early last year at an industry conference,
saying it would target the $25 billion educational market.
But demand fell short of the packaged food manufacturer's
expectations, the company said, as it looks to revive its
well-worn brands like Lunchables, Jell-O and Crystal Light, and
grow sales volumes, which have faltered after multiple price
hikes.