Kraft Heinz eyeing price increases later in the year

摘要

Net income jumped 49% for Kraft Heinz Co. in the first quarter ended March 27, but the company sees challenges emerging later in the year. Kraft Heinz expects to contend with rising input costs, which may prompt the company to boost prices. Executives said its retail relationships strengthened during COVID-19 last year, which could prove valuable in the event of pricing actions.Kraft Heinz posted net income of $563 million, or 46c per share on the common stock, in the quarter, which was up from $378 million, or 31c per share, in the previous year's first quarter. Net sales of $6.39 billion in the quarter were up 3.9% from $6.16 billion. The organic sales growth rate was 2.5%.