Characters at the Berkshire Hathaway company Kraft Heinz booth pose with a reporter at the shareholder shopping day as part of the Berkshire Hathaway annual meeting weekend in Omaha, Nebraska, May 5, 2017.
Rick Wilking | Reuters
Kraft Heinz on Tuesday told investors it would cut $2 billion in costs through 2024 as part of its turnaround plan.
The company is also expecting long-term organic sales growth of 1% to 2% and adjusted earnings per share growth of 4% to 6%.
“We are committed to returning Kraft Heinz to consistent growth on both the top and bottom lines,” CFO Paulo Basilio said in a statement.
Shares of Kraft Heinz rose 2% in premarket trading on the announcement.
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