KHC · 10-Q · 2026Q3 · Full report

Europe Segment Profitability

Kraft Heinz Co · 2026-11-04 · Importance 54 · Surprise 40

For the nine months ended September 26, 2026, Europe and Pacific Developed Markets net sales decreased 2.0% to $2.8 billion, while Organic Net Sales fell 0.9% to $2.7 billion. Segment Adjusted Operating Income declined 12.6% to $380 million, with advertising, variable compensation, the Italy Infant Transaction, and spare-parts write-offs outweighing procurement efficiencies. In the third quarter, net sales fell 5.6% to $910 million, including a 4.2-percentage-point unfavorable impact from acquisitions and divestitures, and Segment Adjusted Operating Income declined 32.8% to $96 million. Third-quarter organic sales fell 1.3% as unfavorable volume/mix and lower U.K. pricing offset growth in the United Kingdom and Germany.