Kraft Heinz Sees FY24 Organic Net Sales Down 2% To Flat vs Prior Outlook Of 0-2% Growth; Reaffirms Adj. EPS Growth Guidance Of 1-3%
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz has revised its FY24 organic net sales outlook to a range of down 2% to flat, compared to the previous forecast of 0-2% growth. However, the company reaffirmed its adjusted EPS growth guidance of 1-3%.
July 31, 2024 | 11:02 am
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Kraft Heinz has revised its FY24 organic net sales outlook to a range of down 2% to flat, compared to the previous forecast of 0-2% growth. However, the company reaffirmed its adjusted EPS growth guidance of 1-3%.
The downward revision in organic net sales outlook is likely to negatively impact investor sentiment in the short term. However, the reaffirmation of adjusted EPS growth guidance may provide some support.
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