Kraft Heinz Lifts Profit View on Boost From Inflation-Prompted Price Hikes

A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York, on March 25, 2015. Brendan McDermid/Reuters

Kraft Heinz Co. raised its full-year core profit forecast on Wednesday, as the packaged food maker expects strong demand and increased product prices to counter inflation.

Shares of Kraft were up about 2 percent in premarket trading after the Chicago-based company topped Wall Street estimates for third-quarter revenue and profit.