Kraft Heinz said on Thursday it expects annual capital spending of about $950 million in 2026, higher than last year, a day after the packaged-foods maker hit pause on its plans to split and announced new investments to boost its business.
The company on Wednesday halted its efforts to split into two entities, a move CEO Steve Cahillane said was necessary due to deteriorating conditions in the food industry. The pause is expected to save the company $300 million in costs in 2026.
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Source: Reuters | Published: 2026-02-12T14:31:22Z
Credit: Reuters
