Tag: $Kraft Heinz

Kraft Heinz (KHC) is splitting into two companies. The packaged-food company is betting on the industry trend that small is beautiful in a restructuring that partially reverses the merger of Kraft and Heinz in 2015.

Kraft Heinz said Tuesday that it will remove FD&C artificial dyes from its products by the end of 2027, and will not launch any new products in the U.S. containing those ingredients.

Kraft Heinz (KHC.O), is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts.

Kraft Heinz on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant’s branded products including Lunchables meal kits and Oscar Mayer cold cuts.

Kraft Heinz missed net sales estimates in the latest quarter as consumers cut back.