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Kraft Heinz bearish on outlook amid volume decreases ahead of split

Kraft Heinz has painted a more bearish outlook for the year’s sales and profits as the US-based food and drinks business reported a third-quarter decline in volumes. While emerging markets bucked the fall off in volumes and organic sales revenue in the three months to 27 September – as seen across the wider group – Kraft Heinz predicts the reporting division is likely to see slowing growth. The previously predicted 1.5% to 3.5% drop in Kraft Heinz’s organic sales for the full year has now been adjusted t ...