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Kraft Heinz Reaffirms Guidance

CONSUMER STAPLES

Kraft Heinz (Baa2, BBB; S) reaffirming FY24 outlook from last week's 4Q23 earnings - comes ahead of its appearance at the CAGNY Conference. Re. long-term targets unch. but it is replacing adj. EBITDA with target for adj. operating income (at +4-6%) - in line with FY24 guidance. Equities little changed in pre-market.

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