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Factory closures announced → 350 jobs impacted in New Zealand amid EPS guidance cut

Kraft Heinz is closing factories in New Zealand affecting 350 jobs and projects 1.5-3.5% organic sales decline for 2026 with adjusted EPS guidance of $1.98-$2.10, a significant drop. The company launched new PowerMac protein-enriched mac and cheese product and declared regular quarterly dividend of $0.40 per share payable March 27. Analyst consensus is Hold with $26 PT reflecting limited upside.