Beyond Meat Inc. (NASDAQ: BYND) shares are trading lower Tuesday afternoon after a New York Post article discussed a study linking processed foods, including vegan meat alternatives, to increased risk of heart disease.
Explore the strategic shift: Kraft Heinz (NASDAQ: KHC) contemplates divesting its iconic Oscar Mayer brand, valued for its hot dogs and bacon, amid evolving consumer tastes towards healthier options. Expertly guided by Bank of America and Centerview Partners, the potential $3-5 billion sale reflects Kraft Heinz's adaptability under CEO Abrams-Rivera's leadership, aiming to rejuvenate its $44 billion market cap amid challenging market conditions.
Outlook
For fiscal year 2024, the Company is reaffirming its outlook for Organic Net Sales(2), Adjusted Operating Income(2), and Adjusted EPS(2). The Company continues to expect:
Organic Net Sales growth of 0 to 2