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Inferra AI / Company / KHC

Kraft Heinz

KHC · Consumer Staples

Last earnings Aug 5, 2026  ·  Next earnings Nov 4, 2026

Key results

Operating incomequarter

$6.4 billion

Operating income was a loss of $6.4 billion, driven by non-cash impairment losses of $7.4 billion Adjusted Operating Income (1) decreased 18.4% to $1.0 billion Year-to-date net cash provided by operating activities was $2.1 billion, up 8.2% Free Cash Flow (1) was $1.7 billion

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Adjusted operating incomeQ2 2026

18.4%

Operating income was a loss of $6.4 billion, driven by non-cash impairment losses of $7.4 billion Adjusted Operating Income (1) decreased 18.4% to $1.0 billion Year-to-date net cash provided by operating activities was $2.1 billion, up 8.2% Free Cash Flow (1) was $1.7 billion

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Free cash flowquarter

8.2%

Operating income was a loss of $6.4 billion, driven by non-cash impairment losses of $7.4 billion Adjusted Operating Income (1) decreased 18.4% to $1.0 billion Year-to-date net cash provided by operating activities was $2.1 billion, up 8.2% Free Cash Flow (1) was $1.7 billion

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Operating Income (Loss) of $(6.4) billion improved 19.4 percent versus the year-ago period, primarily due to non-cash impairment losses that were $1.9 billion lower in the current year period.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Adjusted operating incomequarter

18.4 percent

Adjusted Operating Income (1) decreased 18.4 percent versus the year-ago period to $1.0 billion, primarily due to increased advertising expenses, unfavorable volume mix, inflationary pressures in manufacturing and logistics costs, and higher variable compensation expense.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

EPSquarter

30.3 percent

Diluted EPS increased 30.3 percent versus the prior year period to $(4.60).

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Growthquarter

down 18.8 percent

Adjusted EPS (1) was $0.56, down 18.8 percent versus the prior year period, primarily driven by lower Adjusted Operating Income, which more than offset lower taxes on adjusted earnings.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Free Cash Flow (1) was $1.7 billion, up 10.3 percent versus the prior year period, driven by the same net cash provided by (used for) operating activities discussed above.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Constant Currency Adjusted operating incomequarter

16 percent

Constant Currency Adjusted Operating Income (1)(2) down 16 percent to down 18 percent versus the prior year.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Free Cash Flow Conversion (1)(2) of approximately 110 percent.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Gross marginquarter

$2,028 million

Gross profit 2,028 2,183 4,247 4,247

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Selling, general, and administrativequarter

$8,459 million

Selling, general and administrative expenses 8,459 10,157 9,533 11,025

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Net incomequarter

$(5,460) million

Net income (loss) (5,460) (7,823) (4,661) (7,109)

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Non-GAAP Revenuequarter

$6,262 million

Net sales 6,262 6,352 12,309 12,351

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

AI analysis

Q2 2026 · reported Aug 5, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Non-GAAP Revenue · Q2 2026
$6,262M
EX-99 · Aug 5, 2026
EPS · Q2 2026
30.3 percent
EX-99 · Aug 5, 2026
Net income · Q2 2026
$(5,460)M
EX-99 · Aug 5, 2026
Operating income · Q2 2026
$6.4B
EX-99 · Aug 5, 2026

Headline figures

MetricQ2 2026Prior qtrYear ago
Operating income$6.4 billion——
Adjusted operating income18.4%5.2%—
Free cash flow8.2%6.6%—
EPS30.3 percent$0.59—
Growthdown 18.8 percentdown 10.1 percent—
Constant Currency Adjusted operating income16 percent——
Gross margin$2,028 million$2,064 million—
Selling, general, and administrative$8,459 million$868 million—

EX-99 · Aug 5, 2026

Guidance · company-stated

Direction: Raised

Margin

“This outlook contemplates an Adjusted Gross Profit Margin (1)(2) that is expected to be down 10 basis points to down 50 basis points versus the prior year, incremental investments of approximately $700 million compared to 2025, and an approximate 500 basis-point headwind from lapping lower incentive compensation.”

Revenue — Raised

“The progress we are seeing gives us the confidence to raise our Organic Net Sales outlook for the year.”

Classified from the release's primary full-year outlook statement.

Next earningsNov 4, 2026Verified from the company’s own announcement

Margin

Gross margin$2,028M

Cash flow & capex

Free cash flow8.2%

Capital allocation

Dividend$949M

Capital Return Year to date, the Company has paid $949 million in cash dividends.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

We delivered another solid quarter, with results that exceeded our expectations across U.S

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Margin: “This outlook contemplates an Adjusted Gross Profit Margin (1)(2) that is expected to be down 10 basis points to down 50 basis points versus the prior year, incremental investments of approximately $700 million compared to 2025, and an approximate 500 basis-point headwind from lapping lower incentive compensation.”

Revenue — Raised (“raise”)
“The progress we are seeing gives us the confidence to raise our Organic Net Sales outlook for the year.”

Margin — Lowered (“lower”)
“This outlook contemplates an Adjusted Gross Profit Margin (1)(2) that is expected to be down 10 basis points to down 50 basis points versus the prior year, incremental investments of approximately $700 million compared to 2025, and an approximate 500 basis-point headwind from lapping lower incentive compensation.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Capital Return Year to date, the Company has paid $949 million in cash dividends.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

The Company s strong cash flow profile supports disciplined capital allocation across all priorities including investing in the business, sustaining the dividend, and reducing debt.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

The Company did not repurchase any shares under its publicly announced share repurchase program.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Examples of forward-looking statements include, but are not limited to, statements regarding the Company's plans, impacts of accounting standards and guidance, growth, legal matters, taxes, costs and cost savings, impairments, dividends, expectations, investments, innovations, opportunities, capabilities, execution, initiatives, and pipeline.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

tax reform), and including when they occur, adjustments to reflect preferred stock dividend payments on an accrual basis.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

, remeasurement gains and losses), debt prepayment and extinguishment (benefit) costs, and certain significant discrete income tax items (e.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Strategy & priorities

We are ahead of plan and remain focused on our ultimate goal to return the company to volume-led, sustainable and profitable growth.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

These unfavorable impacts more than offset efficiency initiatives and higher price.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

The Company s strong cash flow profile supports disciplined capital allocation across all priorities including investing in the business, sustaining the dividend, and reducing debt.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

By investing in our capabilities and brands, including Heinz , Kraft , Philadelphia , Primal Kitchen , and Lunchables , we are unlocking the full power of our portfolio.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Examples of forward-looking statements include, but are not limited to, statements regarding the Company's plans, impacts of accounting standards and guidance, growth, legal matters, taxes, costs and cost savings, impairments, dividends, expectations, investments, innovations, opportunities, capabilities, execution, initiatives, and pipeline.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Risks & headwinds

federal government shutdown) changes in the Company's management team or other key personnel and the Company's ability to hire or retain key personnel or a highly skilled and diverse global workforce our dependence on information technology and systems, including service interruptions, misappropriation of data, or breaches of security increased pension, labor, and people-related expenses changes in tax laws and interpretations and the final determination of tax audits, including transfer pricing matters, and any related litigation volatility of capital markets and other macroeconomic factors and other factors.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

This outlook includes an approximate 100 basis point impact from incremental SNAP headwinds.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

This outlook contemplates an Adjusted Gross Profit Margin (1)(2) that is expected to be down 10 basis points to down 50 basis points versus the prior year, incremental investments of approximately $700 million compared to 2025, and an approximate 500 basis-point headwind from lapping lower incentive compensation.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Therefore, as a result of the uncertainty and variability of the nature and amount of future adjustments, which could be significant, the Company is unable to provide a reconciliation of these measures without unreasonable effort.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

These forward-looking statements reflect management's current expectations and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond the Company's control.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

These forward-looking statements reflect management s current expectations and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control.

SEC original ↗Kraft Heinz — 10-Q Quarterly report10-QAug 5, 2026

What changed vs prior quarter

Guidance direction — prior quarter: Lowered; this quarter: Raised

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Operating income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Adjusted operating income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Kraft Heinz — Earnings release (8-K exhibit)EX-99Aug 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Kraft Heinz — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

British American Tobacco (BTI) Consumer StaplesJBS N.V. (JBS) Consumer StaplesAltria (MO) Consumer StaplesCostco (COST) Consumer StaplesSanfilippo John B & Son Inc. (JBSS) Consumer StaplesPhilip Morris International (PM) Consumer StaplesDollar General (DG) Consumer StaplesFEMSA (FMX) Consumer Staples

Filings

62 documents

Earnings releases

5 documents

Presentations

10 documents

Transcripts

0 documents

No transcripts for Kraft Heinz are held in this edition of the library.

Mentioned by

3 companies

Other tracked companies whose held documents mention Kraft Heinz by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.