Lunchables, in particular, has been the largest drag on sales, and Kraft Heinz may need to accelerate investments to turn this business around," said CFRA Research analyst Arun Sundaram.
CHICAGO — A $1.4 billion non-cash impairment charge largely attributable to its Lunchables business underscored the challenges the Kraft Heinz Co. faced during the third quarter of fiscal 2024.