KHC · Full Picture

Kraft Heinz Co — the full picture

Earnings window · 2026-07-15 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Operating Income and Margins · Operating income & profitabilityPriority 86
    +1.6% net_income; 2 sources (press_release, sec_filing); 1 forward row(s); structured_verified
    Operating income/(loss) of $(6.4) billion improved 19.4% versus the year-ago period primarily due to non-cash impairment losses $1.9 billion lower
  2. Goodwill and Brand Impairments · UnclassifiedPriority 82
    +0.1% assets; 5 forward row(s); structured_verified
    Impairment losses were $(7,352) million for the three months ended June 27, 2026 and $(7,365) million for the six months ended June 27, 2026.
  3. Impairment Losses · Restructuring & impairmentPriority 80
    -117.4% operating_income (realized); 2 sources (news, press_release); quote_verified
    Goodwill impairment losses for the three months ended June 27, 2026: $2,441 million
  4. Revenue Performance and Mix · Revenue growth & mixPriority 79
    +94.9% revenue (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Net sales by category: Condiments, Sauces, and Spreads were $2,897 million for the three months ended June 27, 2026 and $5,599 million for the six months ended June 27, 2026.
  5. Income Tax Rate Changes · TaxPriority 76
    2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    The Company now expects an effective tax rate on Adjusted EPS to be approximately 24.5% for the full year 2026
  6. Liquidity and Debt Position · Liquidity & cash positionPriority 76
    -7.1% net_income; 2 sources (press_release, sec_filing); 2 forward row(s); structured_verified
    Net cash provided by investing activities was $551 million for the six months ended June 27, 2026 compared to net cash used for investing activities of $1.3 billion for the six months ended June 28, 2025.
  7. Segment Profitability · Operating income & profitabilityPriority 70
    -24.2% operating_income (realized); structured_verified
    For the six months ended June 27, 2026 Segment Adjusted Operating Income for North America was $1,962 million versus prior period $2,219 million and total segment Adjusted Operating Income $2,274 million prior period $2,537 million (Adjusted Cost of Products Sold North America $5,867 current vs $5,931 prior; International $1,178 current vs $1,201 prior)
  8. Marketing and Innovation Investment · UnclassifiedPriority 62
    1 forward row(s); quote_verified
    Management raised incremental investments to $700 million for 2026, with the increase primarily for marketing.
  9. Revolving Credit Facility · Debt, leverage & refinancingPriority 59
    quote_verified
    The Senior Credit Facility provides a revolving commitment of $4.0 billion through July 8, 2031 and may be increased by up to $1.0 billion subject to certain conditions.
  10. Debt Extinguishment Gain · Debt, leverage & refinancingPriority 57
    +4.2% net_income (realized); structured_verified
    Interest expense/(income) was $31 million of income for the three months ended June 27, 2026 compared to $240 million of expense for the three months ended June 28, 2025, primarily driven by a $265 million gain on extinguishment of debt in connection with the Tender Offer.
  11. Debt Position · Debt, leverage & refinancingPriority 56
    -1.2% liability; 3 forward row(s); structured_verified
    The decrease in long-term debt was primarily related to repayment of $1.9 billion senior notes due June 2026, purchase of approximately $1.4 billion aggregate principal amount of the 2046 Notes tendered in May 2026, and changes in foreign currency exchange rates, partially offset by issuance of the 2026 Notes.
  12. Dividends · Buybacks & dividendsPriority 56
    -1.7% cash; 2 sources (news, sec_filing); 3 forward row(s); structured_verified
    On November 27, 2023 the Board approved a share repurchase program authorizing purchase up to $3.0 billion through December 26, 2026, and as of June 27, 2026 approximately $1.5 billion remained authorized.

Threads by pillar

Revenue & Demand Priority 86 · 7 threads

Costs & Margins Priority 96 · 9 threads

Capital & Balance Sheet Priority 92 · 9 threads

Strategy & Portfolio Priority 47 · 1 thread

Legal, Regulatory & Policy Priority 62 · 4 threads

Guidance & Outlook Priority 52 · 1 thread

Macro & Market Conditions Priority 49 · 4 threads

Management & Governance Priority 28 · 1 thread

Unclassified Priority 92 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
net_income-5.5%+8.7%-240.2%
assets+0.7%+2.6%-29.3%
cash-2.3%+2.3%-3.4%
operating_income-2.2%+2.2%-439.8%
liability-1.2%+1.2%+1.9%
revenue-0.6%+0.6%+94.9%
margin-0.1%+0.1%—