Kraft Heinz has significantly reduced its net debt from $31B in 2018 to $18.5B, while increasing operating cash flow. See why I rate KHC stock as a buy.

MILAN (Reuters) - Global packaged food group Kraft Heinz is working with investment bank Houlihan Lokey to sell its Italy-based infant food product brand Plasmon, two sources close to the matter said on Tuesday. Kraft Heinz tried to sell the Italian business back in 2019 but eventually decided to keep it.

In 2019, it was reported Kraft Heinz had put Plasmon up for sale shortly after the US giant appointed FMCG veteran Miguel Patricio as CEO. Kraft Heinz never publicly acknowledged

Kraft Heinz (NASDAQ:KHC) is trying to sell its Italy-based infant food brand Plasmon. The food maker is working with investment bank Houlihan Lokey on a sale of the business, according to a Reuters report on Tuesday,

For fiscal 2025, Kraft Heinz projects a flat to 2.5% decline in organic net sales, with adjusted EPS expected to range between $2.63 and $2.74, considering a higher tax rate. The company anticipates operating income to decline between 1% and 4% on a constant currency basis.