- Kraft Heinz (NASDAQ:KHC) reaffirms its full-year outlook ahead of a presentation at the Barclays Global Consumer Conference.
- The food giant also disclosed that it has increased prices in approximately two-thirds of its U.S. portfolio, and is prepared to take additional actions if input costs continue to rise.
- "We are implementing necessary pricing actions to manage the cost inflation we are currently seeing, including impacts likely to carry into next year. For 2022, we expect to sustain stronger consumption versus pre-pandemic levels and maintain industry-leading margins as we effectively manage costs and continue to invest in our growth strategy."
- Shares of Kraft Heinz (KHC) are flat in premarket action.
- Read more about inflation pressure in the food sector.