The company said it’s “committed to making the necessary investments to drive top-line improvement, while remaining disciplined.”

The food company forecast full-year adjusted earnings per share and organic sales below analyst estimates. Also rattling investors, it issued a blanket warning that its outlook doesn’t account for the “significant worsening” of tariffs, food regulation changes, changes to SNAP benefits, currency impacts, and an overall declining macro environment.

Kraft Heinz forecast annual profit below estimates on Wednesday, as the packaged food maker contends with sluggish demand for its higher-priced products including Lunchables and packaged meat. The company expects fiscal 2025 adjusted earnings per share to be in the range of $2.

Kraft Heinz (NASDAQ:KHC) shares declined more than 3% in Wednesday's premarket trade after the food company's 2025 guidance fell short of market expectations.