KHC · 10-Q · 2026Q2 · Full report

SNAP Program Changes

Kraft Heinz Co · 2026-08-05 · Importance 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 received by eligible participants. Kraft Heinz stated that the modifications have negatively affected and may continue to negatively affect consumer demand, results of operations, cash flows, and market share.

Key facts

• Modifications to SNAP enacted by OBBBA have resulted in a reduction of the number of SNAP participants and the average benefits as of the second quarter of 2026 which has negatively impacted consumer demand. source