Kraft Heinz (NASDAQ:KHC) saw its shares fall more than 4% intra-day today after issuing a disappointing 2025 earnings forecast, despite delivering better-than-expected fourth-quarter earnings.

For Q4 2024, the food giant reported earnings per share of $0.84, exceeding analyst expectations of $0.78. However, revenue fell short, coming in at $6.58 billion, just below the $6.69 billion consensus estimate. Organic revenue declined by 3.1% year-over-year, reflecting ongoing challenges in consumer demand and pricing adjustments.

While Kraft Heinz emphasized profitability discipline and shareholder returns, including $2.7 billion in capital distributed to investors, its 2025 outlook disappointed the market. The company expects full-year EPS between $2.63 and $2.74, significantly below the consensus estimate of $3.04.

Management remains focused on executing its strategic priorities, projecting gradual organic sales improvement each quarter in 2025. However, the company anticipates flat to slightly positive pricing contributions, indicating limited pricing power in the near term.