Kraft Heinz is raising its annual sales forecast after beating earnings expectations

The packaged-food company now expects organic sales to fall 0.5% to 2.0% for the year, an improvement from its prior outlook

Kraft Heinz raised its annual forecasts after beating quarterly sales estimates on Wednesday, betting on CEO Steve Cahillane’s turnaround efforts — including increased investments to revive businesses and gain market share — to improve its performance.