Kraft Heinz Cuts Outlook on Weakening Consumer, Tariff Costs

Kraft Heinz Co. trimmed its annual sales and profit outlook, citing worsening consumer sentiment and the cost of tariffs.

The owner of the Heinz and Oscar Mayer brands said organic sales, which exclude currency changes and other items, will decline 1.5% to 3.5%. That’s down from an earlier projection of flat to down 2.5%. The firm also reduced its adjusted profit guidance.