KHC · 8-K · 20260805PR000052

Operating Income and Margins

Kraft Heinz Co · 2026-08-05 · Importance 81 · Surprise 76 · No source text

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 goodwill impairment and $4,911 million of intangible-asset impairment. Adjusted Operating Income decreased 18.4% to $1,041 million, with North America down 15.8% to $988 million and International Developed Markets down 9.1% to $124 million, partially offset by Emerging Markets growth of 6.7% to $107 million. Six-month Adjusted Operating Income declined 15.2% to $2,099 million.

Key facts

• 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 source
• Operating income was a loss of $6,431 million for the three months ended June 27, 2026 source
• Net income/(loss) for the three months ended June 27, 2026: $(5,460) million, improved 30.2% versus prior year source
• The Company now expects other expense/(income) for full year 2026 to be approximately $200 million of income source
• Adjusted Operating Income decreased 18.4% versus prior year to $1,041 million for the quarter source
• Diluted EPS for the three months ended June 27, 2026: $(4.60), increased 30.3% versus prior year source
• Adjusted EPS for the three months ended June 27, 2026: $0.56, down 18.8% versus prior year source

Impact estimates