KHC · Consumer

Kraft Heinz Co

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-07

• Impairment Charge and Net LossImportance 86 · Surprise 84
  Kraft Heinz recorded a $7.4 billion non-cash impairment charge in the second quarter of fiscal 2026. The charge contributed to a reported quarterly net loss of approximately $5.5 billion to $6.4 billion, compared with…

News · 2026-08-06

• Impairment Charge and Net LossImportance 86 · Surprise 84
  Kraft Heinz recorded a $7.4 billion non-cash impairment charge in the second quarter of fiscal 2026. The charge contributed to a reported quarterly net loss of approximately $5.5 billion to $6.4 billion, compared with…
• Guidance and OutlookImportance 85 · Surprise 76
  Kraft Heinz raised its 2026 organic net sales outlook after second-quarter results exceeded expectations. Management increased planned 2026 incremental investment by $100 million to approximately $700 million,…
• Marketing and Innovation InvestmentImportance 74 · Surprise 58
  Kraft Heinz is adding $100 million to second-half 2026 spending, bringing planned annual marketing and innovation investment to approximately $700 million. Marketing spending is expected to reach at least 6% of net…
• Research and Development ExpenseImportance 49 · Surprise 66
  Kraft Heinz increased research and development spending by 22%, exceeding the materiality rule for year-over-year changes. The company is directing the higher R&D investment toward functional nutrition and products…
• Functional Food InnovationImportance 49 · Surprise 66
  Kraft Heinz is increasing research and development spending by 22% to develop functional-nutrition products. Products cited as showing early success include PowerMac, Capri Sun Hydrate, and Philadelphia Lactose Free.…
• North American ReorganizationImportance 31 · Surprise 42
  Kraft Heinz is undertaking a North American business reorganization intended to improve efficiency. The restructuring is part of CEO Steve Cahillane’s broader turnaround strategy and is being pursued while the…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Kraft Heinz declared a regular quarterly dividend of $0.40 per common share. The dividend is payable on September 25, 2026, to shareholders of record on September 4, 2026. The declared rate implies an annualized…

10-Q · 2026-08-05

• Debt PositionImportance 74 · Surprise 58
  Cash and cash equivalents totaled $2.4 billion at June 27, 2026, including $1.1 billion held by international subsidiaries. Long-term debt declined to $19.0 billion from $21.2 billion at December 27, 2025 after…
• Goodwill and Brand ImpairmentsImportance 71 · Surprise 60
  Kraft Heinz recorded $7.4 billion of impairment losses in the six months ended June 27, 2026, comprising $2.4 billion of goodwill impairments and $4.9 billion of indefinite-lived intangible-asset impairments. The…
• Net Income and EPS PerformanceImportance 64 · Surprise 56
  Second-quarter 2026 net loss attributable to common shareholders was $5,460 million, compared with a $7,824 million loss in the prior-year quarter. Six-month net loss attributable to common shareholders was $4,662…
• Acquisition / Partnership / DivestitureImportance 58 · Surprise 68
  Kraft Heinz completed the sale of its infant and specialty food business in Italy on December 31, 2025 for approximately $146 million of cash consideration. The divestiture reduced International Developed Markets…
• Revolving Credit FacilityImportance 58 · Surprise 42
  Kraft Heinz and Kraft Heinz Foods Company maintain a $4.0 billion senior unsecured revolving credit facility, whose maturity was extended from July 8, 2030 to July 8, 2031 through an amendment dated July 8, 2026. In…
• Capital Expenditure PlanImportance 58 · Surprise 38
  Kraft Heinz expects 2026 capital expenditures of approximately $850 million, up from $801 million in 2025. The planned increase is approximately $49 million, or 6.1%, year over year. Spending is expected to focus on…
• Operating Income and MarginsImportance 54 · Surprise 40
  Second-quarter operating income improved to a loss of $6.431 billion from a loss of $7.974 billion because non-cash impairment losses were $1.9 billion lower year over year. Excluding the impairment change, operating…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter 2026 net sales decreased 1.4% year over year to $6.262 billion, while six-month net sales decreased 0.3% to $12.309 billion. Second-quarter organic net sales declined 1.3% to $6.207 billion as…
• Gross Margin DriversImportance 49 · Surprise 32
  Second-quarter 2026 gross profit was $2,028 million, down $155 million, or 7.1%, from $2,183 million in the second quarter of 2025. Gross margin declined to approximately 32.4% from 34.4% year over year as cost of…
• Segment ProfitabilityImportance 49 · Surprise 32
  Second-quarter 2026 North America Segment Adjusted Operating Income was $1,112 million, down from $1,173 million in the prior-year quarter. Six-month North America Segment Adjusted Operating Income was $1,962 million,…
• Separation Transaction PauseImportance 47 · Surprise 60
  Kraft Heinz paused work on its planned tax-free spin-off into two independent publicly traded companies on February 11, 2026. Any restart would require Board approval, favorable U.S. tax opinions, and effective SEC…
• IRS Transfer Pricing InvestigationImportance 44 · Surprise 60
  The Internal Revenue Service is examining Kraft Heinz’s income taxes for 2018 through 2022, including transfer-pricing arrangements with foreign subsidiaries. Notices of Proposed Adjustment could increase U.S. federal…
• Inflation and Tariff ImpactsImportance 43 · Surprise 32
  Kraft Heinz experienced lower supply-chain inflation in the six months ended June 27, 2026, but expects inflationary pressures to increase throughout 2026 partly because of the Iran Conflict. The company is using…
• SNAP Program ChangesImportance 40 · Surprise 42
  The U.S. One Big Beautiful Bill Act, signed July 4, 2025, modified the Supplemental Nutrition Assistance Program. As of the second quarter of 2026, the changes had reduced SNAP participation and average benefits…
• Headcount and RestructuringImportance 37 · Surprise 42
  Kraft Heinz is executing global restructuring programs focused primarily on streamlining its organizational design. The Company eliminated approximately [amount not provided] positions during the six months ended June…
• Environmental Regulatory ProceedingsImportance 37 · Surprise 42
  Since March 2024, Kraft Heinz has discussed alleged Clean Water Act violations at its Kendallville, Indiana facility with the U.S. Department of Justice, the U.S. Environmental Protection Agency, and the Indiana…
• DividendsImportance 37 · Surprise 6
  Kraft Heinz paid $949 million of common-stock dividends during the six months ended June 27, 2026. The Board declared a quarterly cash dividend of $0.40 per share payable September 25, 2026 to shareholders of record…
• Competition and Pricing PressureImportance 37 · Surprise 32
  Kraft Heinz raised prices across all segments to address higher input costs and inflationary pressures, including in North American refreshment beverages and coffee and in certain Emerging Markets countries. Pricing…
• Supply Chain ConstraintsImportance 37 · Surprise 32
  Kraft Heinz continued to experience inflationary pressure in procurement, manufacturing, and logistics costs, with the pressure outpacing efficiency initiatives in several segments. Management is using efficiency…
• Debt Extinguishment GainImportance 36 · Surprise 42
  Kraft Heinz recorded a $228 million pre-tax gain in the six months ended June 27, 2026 from debt prepayment and extinguishment activities. The gain included a $265 million gain from extinguishment of debt, partially…
• Competition and Market ShareImportance 31 · Surprise 42
  Kraft Heinz reported that updated cash flow expectations incorporate planned investments in marketing, sales, and R&D across its brands and reporting units. The company expects these investments to strengthen the…
• Segment ReorganizationImportance 31 · Surprise 42
  Kraft Heinz announced organizational changes that will combine its West and East Emerging Markets operating segments into a single Emerging Markets operating segment. Remaining European countries within the West and…
• Geographic Market CommentaryImportance 31 · Surprise 32
  North America remained the largest market but experienced organic net sales decline of 2.0% in the first six months of 2026, driven by a 2.7 percentage-point volume/mix decline despite 0.7 percentage points of pricing.…
• Stockholder Derivative LitigationImportance 31 · Surprise 42
  Kraft Heinz and current and former officers, directors, and 3G entities face a consolidated Delaware stockholder derivative action alleging fiduciary-duty breaches, insider trading, and misleading disclosures about…
• Commodity Cost TrendsImportance 31 · Surprise 32
  Kraft Heinz purchases substantial quantities of dairy products, meats, sugar and sweeteners, coffee, edible oils, tomatoes, wheat products, fruits and vegetables, eggs, and packaging materials including plastics,…
• Liquidity and Cash PositionImportance 29 · Surprise 22
  The company purchased approximately $1.9 billion of corporate bonds, commercial paper, and U.S. Treasury and agency securities during the six months ended June 27, 2026. It received approximately $2.9 billion from…
• New Accounting StandardsImportance 28 · Surprise 42
  The Financial Accounting Standards Board issued ASU 2024-03, requiring additional interim and annual disaggregation of expense categories related to cost of sales and selling, general, and administrative expenses. The…
• Income Tax Rate ChangesImportance 27 · Surprise 40
  The second-quarter 2026 effective tax rate was a 14.4% benefit on pretax loss, compared with a 4.2% benefit in the prior-year quarter. The six-month effective tax rate was a 13.1% benefit, compared with a 0.6% benefit…
• Operating Expense TrendsImportance 20 · Surprise 24
  Higher advertising expense reduced second-quarter and six-month 2026 adjusted operating income, with the increase affecting North America, International Developed Markets, and Emerging Markets. North America also…
• Customer DynamicsImportance 20 · Surprise 24
  International Developed Markets experienced unfavorable volume/mix in Australia and Western Europe, partly due to negotiations with certain customers. These declines more than offset favorable volume/mix in France,…

8-K · 2026-08-05

• Income Tax Rate ChangesImportance 93 · Surprise 82
  The company recorded a $916 million income-tax benefit in the second quarter of 2026, compared with a $344 million benefit in the prior-year quarter. The reported tax benefit reduced the second-quarter net loss to…
• Impairment LossesImportance 86 · Surprise 84
  Kraft Heinz recorded $7,352 million of non-cash impairment losses in the second quarter of 2026, down from $9,266 million in the prior-year quarter. The current-quarter charge included $2,441 million of goodwill…
• Guidance / OutlookImportance 85 · Surprise 76
  For fiscal 2026, Kraft Heinz now expects Organic Net Sales to decline 0.5% to 2.0%, improving from its prior outlook of a 1.5% to 3.5% decline. Constant Currency Adjusted Operating Income is expected to decrease 16% to…
• Operating Income and MarginsImportance 81 · Surprise 76
  GAAP second-quarter operating loss was $6,431 million, compared with a $7,974 million loss in the prior-year quarter. The current-quarter loss included $7,352 million of impairment, consisting of $2,441 million of…
• Guidance and OutlookImportance 73 · Surprise 76
  Kraft Heinz raised its 2026 Organic Net Sales outlook to a decline of 0.5% to 2.0%, compared with the prior range of a 1.5% to 3.5% decline. The revised outlook includes an approximately 100-basis-point headwind from…
• Liquidity and Debt PositionImportance 66 · Surprise 40
  Cash and cash equivalents declined to $2,419 million at June 27, 2026, from $2,615 million at December 27, 2025, while marketable securities declined to $262 million from $1,060 million. Current and long-term debt…
• Strategic Brand InvestmentImportance 58 · Surprise 42
  Kraft Heinz is increasing its 2026 incremental investments by $100 million to approximately $700 million compared with 2025. Management said the investments will accelerate spending behind the company's brands and…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter net sales decreased 1.4% year over year to $6,262 million, while Organic Net Sales decreased 1.3% to $6,207 million. North America sales declined 2.7% to $4,626 million and International Developed…
• Market Demand TrendsImportance 49 · Surprise 32
  Second-quarter organic net sales decreased 1.3% year over year to $6.207 billion, with volume/mix down 2.6 percentage points. North America organic net sales declined 2.7% on a 3.8-point volume/mix decline, while…
• Macroeconomic Factors ImpactImportance 48 · Surprise 40
  Kraft Heinz raised prices by 1.3 percentage points in the second quarter, primarily in coffee and ready-to-drink beverages, to mitigate higher input costs. Adjusted Operating Income fell 18.4% year over year to $1.041…
• Operating Expense TrendsImportance 47 · Surprise 48
  Second-quarter selling, general and administrative expenses excluding impairment losses increased 24.2% year over year to $1,107 million from $891 million. The company attributed the decline in Adjusted Operating…
• Gross Margin DriversImportance 43 · Surprise 32
  Second-quarter gross profit declined 7.1% year over year to $2,028 million, and GAAP gross profit margin decreased 200 basis points to 32.4%. Adjusted Gross Profit was $2,136 million, down from $2,168 million, while…
• Capital Return ProgramImportance 31 · Surprise 6
  Kraft Heinz paid $949 million in cash dividends during the first six months of 2026, compared with $951 million in the prior-year period. The company reported year-to-date return of capital to stockholders of $0.9…
• Capital Expenditure ProgramImportance 30 · Surprise 14
  Kraft Heinz spent $429 million on capital expenditures in the first six months of 2026, up from $425 million in the comparable 2025 period. Capital expenditures reduced operating cash flow of $2,088 million to Free…
• Supply Chain ConstraintsImportance 26 · Surprise 24
  Kraft Heinz identified higher input costs, particularly in coffee and ready-to-drink beverages, as a driver of pricing actions. Inflationary pressures in manufacturing and logistics costs were cited as significant…
• Pricing and PromotionsImportance 25 · Surprise 32
  Pricing increased 1.3 percentage points for Kraft Heinz in the second quarter, with price increases in each segment. The company said pricing was primarily taken in certain categories to mitigate higher input costs,…
• FX / Currency HeadwindsImportance 13 · Surprise 6
  Foreign currency provided a 0.5 percentage point favorable impact on second-quarter 2026 net sales, equivalent to $55 million, which totaled $6.262 billion. International Developed Markets received a 2.1 percentage…

News · 2026-08-05

• Revenue Performance and MixImportance 31 · Surprise 32
  Kraft Heinz reported second-quarter 2026 revenue of $6.26 billion, down 1.4% year over year but above the $6.13 billion FactSet estimate. Organic sales declined 1.3%, reflecting unfavorable volume/mix and weakness in…
• Pricing and Cost PressureImportance 26 · Surprise 24
  Kraft Heinz is facing higher supply and operating costs in 2026 and is using price increases to mitigate the pressure. Reports linked the pricing actions to efforts to offset higher input costs while protecting the…
• Geographic Market CommentaryImportance 23 · Surprise 24
  Kraft Heinz reported better performance in U.S. Retail, Global Away From Home, and Emerging Markets. The company is specifically emphasizing emerging markets as a growth area while working to restore share in North…
• Competition and Market ShareImportance 17 · Surprise 24
  Kraft Heinz said its share performance is improving and that market-share losses are narrowing. The recovery is centered on rebuilding U.S. retail share through stronger brands, marketing, and innovation. Third-party…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Kraft Heinz declared a regular quarterly dividend of $0.40 per common share. The dividend is payable on September 25, 2026, to shareholders of record on September 4, 2026. The declared rate implies an annualized…