Kraft Heinz’s sales decline nears top end of full-year negative guidance

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decrease in the range of 1.5% to 3.5%. And volume/mix was a negative 4.2%.In North America, by far the Oscar Mayer and Capri-Sun maker’s largest market by sales, revenue dropped by a greater magnitude of 4.8%, along with a larger volume/mix retreat of 5.2 percentage points.Nevertheless, CEO Carlos Abrams-Rivera remains positive on the outlook as he refrained from providing any new perspective on the “strategic transactions to unlock shareholder value” revealed in May.“We are progressing across key areas of our business as our investments get implemented - including our focus brands in North America retail, emerging markets, and expanding our footprint in away from home,” Abrams-Rivera said in his prepared remarks yesterday to accompany the second-quarter and first-half results“We are pleased with the momentum we are building, giving us the confidence to reiterate our 2025 full year outlook.”In what remains a “volatile” backdrop, “consumers are looking for value - whether that be through price or product benefits - and we are delivering”, he insisted.Analysts were eager to gain more insight from the Kraft Heinz executives from the media reports that emerged earlier this month suggesting a likely spin-off of business units could be on the cards. But it was not forthcoming.Bernstein analyst Alexia Howard went so far as to say in a report yesterday that an entire business disposal might well feature as an option.“For now, this could mean anything from nothing happens to a sale of the company and everything in between,” she wrote in a research note. “The real question is whether any partner could be interested in engaging with brands that are currently declining within the legacy Kraft business.”Abrams-Rivera was not giving anything away on the potential outcome when pressed by an analyst on a follow-up call yesterday.“Our board is working with urgency on our evaluation of those strategic options to unlock, as you said, long-term strategic value creation. And, you know, what I will say also is, and I’ll remind our investors, is that, you know, we will operate with the same financial discipline you have come to expect from us,” the CEO responded.“And so any actions, if any, will be consistent with that goal of unlocking that long-term shareholder value. And that’s essentially all I can say at this time.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,456.50 +60.25 (+0.94%)Dow Futures44,743.00 +110.00 (+0.25%)Nasdaq Futures23,803.00 +322.50 (+1.37%)Russell 2000 Futures2,232.50 -9.00 (-0.40%)VIX15.06 -0.42 (-2.71%)Gold3,361.80 +9.00 (+0.27%)PortfolioSign in to access your portfolioSign inTop gainersWING Wingstop Inc. 368.26 +77.96 (+26.86%)FTAI FTAI Aviation Ltd. 144.46 +30.32 (+26.56%)PIII P3 Health Partners Inc. 7.30 +1.50 (+25.86%)GNRC Generac Holdings Inc. 181.00 +29.68 (+19.61%)TER Teradyne, Inc. 107.65 +17.10 (+18.88%)Top losersNEGG Newegg Commerce, Inc. 44.97 -11.22 (-19.97%)CAR Avis Budget Group, Inc. 172.46 -31.42 (-15.41%)SLGN Silgan Holdings Inc. 47.30 -8.50 (-15.23%)CHKP Check Point Software Technologies Ltd. 186.67 -31.66 (-14.50%)ENTG Entegris, Inc. 79.34 -13.41 (-14.46%)Most activeSOFI SoFi Technologies, Inc. 21.87 -0.53 (-2.37%)NVDA NVIDIA Corporation 179.27 +3.76 (+2.14%)LCID Lucid Group, Inc. 2.5000 -0.0600 (-2.34%)TSLA Tesla, Inc. 319.04 -2.16 (-0.67%)F Ford Motor Company 10.87 -0.21 (-1.90%)Earnings eventsTrending tickersMSFT Microsoft Corporation 513.24 +0.67 (+0.13%)META Meta Platforms, Inc. 695.21 -4.79 (-0.68%)AMZN Amazon.com, Inc. 230.19 -0.82 (-0.35%)NVDA NVIDIA Corporation 179.27 +3.76 (+2.14%)FIG Figma, Inc. 0.0000 0.0000 (0.00%)Top economic events