KHC · 8-K · 20261104PR000078

Guidance and Outlook

Kraft Heinz Co · 2026-11-04 · Importance 68 · Surprise 68 · No source text

For fiscal year 2026, Kraft Heinz raised its Organic Net Sales outlook to a decline of 0.5% to 1.25%, from a decline of 0.5% to 2.0%. The updated outlook includes an approximately 100-basis-point headwind from incremental SNAP impacts. The company expects incremental investments of approximately $700 million compared with 2025, and adjusted gross profit margin is now expected at the low end of the previously provided range of a 10- to 50-basis-point decline. Adjusted EPS is now expected to be $2.07 to $2.13, with an effective adjusted tax rate of approximately 23.5% and interest expense of approximately $890 million.

Key facts

• Kraft Heinz’s 2026 Organic Net Sales outlook is now a decline of 0.5% to 1.25%, and includes an approximate 100-basis-point impact from incremental SNAP headwinds. source
• Kraft Heinz expects fiscal 2026 Constant Currency Adjusted Operating Income to decline 16% to 18% year over year. source
• Kraft Heinz expects approximately $700 million of incremental investments in 2026 compared with 2025 and an approximately 500-basis-point headwind from lapping lower incentive compensation. source
• Fiscal 2026 Adjusted EPS is expected to be $2.07 to $2.13. source
• Kraft Heinz raised the low end of its 2026 Organic Net Sales outlook, from a prior range of down 2% to down 0.5% to a current range of down 1.25% to down 0.5%. source
• The fiscal 2026 Adjusted EPS outlook increased to $2.07–$2.13 from the prior range of $2.03–$2.09. source
• Kraft Heinz expects fiscal 2026 interest expense of approximately $890 million and other income of approximately $210 million. source
• Fiscal 2026 Adjusted Gross Profit Margin is expected at the low end of the previously provided range of down 10 to down 50 basis points year over year. source

Impact estimates