Kraft Heinz lowered its full-year sales and earnings guidance Tuesday, citing weaker customer spending in the U.S. and the impact of President Donald Trump’s tariffs.It's the latest big food company to sound the alarm over trade tensions and weak consumer demand.

PepsiCo last week cut its annual profit forecast, warning of higher production costs and subdued consumer spending due to uncertainty fueled by U.S. President Donald Trump's expansive tariffs. Kraft Heinz now expects fiscal year 2025 organic net sales to decline between 1.5% and 3.5%, from its prior forecast of flat to down 2.5%.

Kraft Heinz has cut its 2025 outlook across a range of metrics to factor in the potential uplift on input-cost inflation from tariffs. Consumer goods analysts wrote today (29 April) that the downgrades to the organic growth,