Earnings Releases·Nov 4, 2026, 7:00 AM ET

Kraft Heinz — Third Quarter 2026 Earnings Summary

Net sales decreased 2.0% year-over-year to $6.1 billion for the quarter, while Adjusted EPS fell 13.1% to $0.53; however, the company raised its full-year Organic Net Sales outlook to a decrease of 0.5% to 1.25% (previously 0.5% to 2.0%) and increased Adjusted EPS guidance to $2.07–$2.13 (previously $2.03–$2.09).
Emerging Markets drove growth with 13.8% net sales increases for the quarter, contrasting with declines in North America (-3.4%) and Europe/Pacific Developed Markets (-5.6%), though volume/mix declined 1.1 percentage points due to inventory pull-forward and regional headwinds.
Full-year outlook incorporates approximately $700 million in incremental investments, a 100 basis point impact from SNAP headwinds, and a 500 basis point impact from lapping lower incentive compensation, while Free Cash Flow Conversion is projected at 110%.
The company paused work on the previously announced separation into two independent companies, returned $1.4 billion to stockholders via dividends with no share repurchases, and noted that market share and sales trends are improving across all regions.