As shoppers continue to struggle with higher grocery prices, Kraft Heinz Co. — known for its Mac and Cheese, Heinz Ketchup and Capri Sun — wants to give them a break from inflation this year.

Kraft Heinz said it plans to cut prices on some products this year to improve sales. But some analysts are skeptical whether promotions alone would be enough. “Kraft Heinz has w

Shares of food producer Kraft Heinz (NASDAQ: KHC) posted a significant price drop on Wednesday morning. A mixed fourth-quarter report left a bad taste in investors' mouths, and the stock opened 7.9% lower.

BofA Securities analyst Peter T. Galbo has downgraded Kraft Heinz from Buy to Underperform, lowering the price target from $36 to $30. This comes after disappointing fourth-quarter results and an underwhelming FY25 outlook,

For fiscal 2025, Kraft Heinz projects a flat to 2.5% decline in organic net sales, with adjusted EPS expected to range between $2.63 and $2.74, considering a higher tax rate. The company anticipates operating income to decline between 1% and 4% on a constant currency basis.

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