KHC · 10-Q · 2026Q3 · Full report

Operating Income and Margins

Kraft Heinz Co · 2026-11-04 · Importance 47 · Surprise 22 · From source text

Third-quarter operating income decreased 14.6% to $875 million from $1.0 billion, while Adjusted Operating Income declined 15.2% to $939 million. The quarter’s operating income was pressured by higher variable compensation and related tax expense, impairment losses that were $37 million higher, manufacturing and logistics inflation, unfavorable volume/mix, and increased people costs. For the nine months, operating loss improved to $4.4 billion from $5.8 billion because impairment losses were $1.9 billion lower, although operating results excluding that impairment comparison decreased by $522 million due to advertising, compensation, inflation, separation costs, and unfavorable volume/mix. Nine-month Adjusted Operating Income declined 15.2% to $3.0 billion from $3.6 billion.

Key facts

• Kraft Heinz Q3 2026 operating income was $875 million, down 14.6% from $1.0 billion, with higher variable compensation, $37 million higher non-cash impairment losses, inflation in manufacturing and logistics costs, unfavorable volume/mix, and increased people costs among the causes. source
• Kraft Heinz nine-month 2026 operating loss was $4.411 billion versus a $5.753 billion loss in 2025; non-cash impairment losses were $1.9 billion lower, while other factors reduced operating income by $522 million. source
• Kraft Heinz Co’s adjusted operating income was $1,106 million for the three months and $3,038 million for the nine months ended September 26, 2026, compared with $3,581 million for the nine months ended September 27, 2025. source

Impact estimates