By Dave Sebastian

 

Kraft Heinz Co. on Wednesday raised its expectations for the full year while it works to manage inflation.

The food maker said it expects adjusted earnings before interest, taxes, depreciation and amortization of more than $6.2 billion, compared with the at least $6.1 billion it previously guided.

Kraft Heinz said it expects growth in 2021 organic net sales, or those excluding the effect of currency, acquisitions and divestitures and a 53rd week of shipments, to be flat compared with the prior year.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

October 27, 2021 07:42 ET (11:42 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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