earnings
confidence high
sentiment positive
materiality 0.80
Kraft Heinz Q2 adj EPS $0.56, down 18.8%; raises FY organic net sales outlook
Kraft Heinz Co
- Q2 net sales $6.26B, down 1.4% YoY; Organic Net Sales down 1.3% (price +1.3pp, volume/mix -2.6pp).
- Operating loss of $6.4B includes $7.4B non-cash impairment; Adjusted Operating Income $1.0B, down 18.4%.
- Adjusted EPS $0.56 vs $0.69, down 18.8%; YTD free cash flow $1.7B, up 10.3%.
- FY2026 outlook: Organic Net Sales now -0.5% to -2.0% (prior -1.5% to -3.5%); Adjusted EPS $2.03-$2.09.
- Incremental investments increased by $100M to ~$700M in 2026; CEO cites 'results exceeded expectations'.