Kraft Heinz cuts FY25 adjusted EPS view to $2.50-$2.57 from $2.51-$2.67

Consensus $2.59. Narrows FY25 organic net sales view to down 3%-3.5% from down 1.5%-3.5%. The company said, “The Company continues to expect an effective tax rate on Adjusted EPS to be approximately 26 percent, which reflects an approximate $0.23 headwind year over year. This increase in the effective tax rate is primarily driven by the impact of several countries enacting global minimum tax regulations. It is partially offset by the annual go-forward benefit related to the transfer of certain business operations completed in the fourth quarter of 2024. Additionally, the Company expects interest expense to be approximately $950 million and other expense/(income) to be approximately (250) million for the full year.”