KHC · Full Picture

Kraft Heinz Co — the full picture

Earnings window · 2026-07-15 to 2026-08-10 · 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 85
    +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 80
    +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. 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.
  6. Income Tax Rate Changes · TaxPriority 75
    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
  7. Segment Profitability · Operating income & profitabilityPriority 69
    -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. 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.
  12. Debt Position · Debt, leverage & refinancingPriority 55
    -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.

Threads by pillar

Revenue & Demand Priority 87 · 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 61 · 4 threads

Guidance & Outlook Priority 52 · 1 thread

Macro & Market Conditions Priority 48 · 4 threads

Management & Governance Priority 27 · 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%—