KHC · 10-Q · 2026Q3 · Full report

Iran Conflict and Supply Risks

Kraft Heinz Co · 2026-11-04 · Importance 25 · Surprise 42 · In source text

On February 28, 2026, the United States and Israel launched a military operation against Iran, followed by Iranian strikes against Israel, Saudi Arabia, the United Arab Emirates, and other Persian Gulf countries. As of September 26, 2026, less than 1% of Kraft Heinz’s consolidated assets were in impacted countries and less than 1% of consolidated net sales came from the region. The conflict had no material impact on results through the third quarter of 2026, but ongoing tensions could disrupt supply chains and increase procurement and logistics costs; management says the situation remains rapidly changing.

Key facts

• The Iran conflict had no material impact on Kraft Heinz results through Q3 2026 but could increase supply-chain disruption risks and inflation, particularly procurement and logistics costs. source
• The Iran conflict began with a U.S.-Israel joint military operation against Iran on February 28, 2026, followed by Iranian retaliatory strikes against Israel, Saudi Arabia, the United Arab Emirates, and other Persian Gulf countries. source
• As of September 26, 2026, less than 1% of Kraft Heinz consolidated assets were in countries impacted by the Iran conflict and less than 1% of consolidated net sales came from businesses in the region. source

Impact estimates