The company said it’s “committed to making the necessary investments to drive top-line improvement, while remaining disciplined.”

Altria (NYSE: MO) and Kraft Heinz (NASDAQ: KHC) are blue chip consumer staples giants that for a time were parts of the same company. Altria, the domestic tobacco giant formerly known as Philip Morris USA, bought Kraft Foods in the 1980s and owned it until its spin-off in 2007. In 2015, Kraft Foods merged with H.J. Heinz to become Kraft Heinz.