Quarterly ResultMay 6, 2026, 09:37 AM
Kraft Heinz Q1 Diluted EPS $0.67; Net Income Up 12.1%
AI Summary
Kraft Heinz reported a 12.1% increase in net income attributable to common shareholders to $798 million, with diluted EPS rising to $0.67 for Q1 2026. Net sales saw a modest increase to $6.047 billion. The company also completed the divestiture of its Italy infant and specialty food business for $146 million and reported a net benefit from restructuring activities, though operating income declined and risks of future goodwill and intangible asset impairments were highlighted.
Key Highlights
- Diluted EPS increased to $0.67 in Q1 2026 from $0.59 in Q1 2025.
- Net income attributable to common shareholders rose 12.1% to $798 million.
- Net sales increased 0.8% to $6.047 billion in Q1 2026 from $5.999 billion.
- Operating income decreased to $1,145 million in Q1 2026 from $1,196 million.
- Net cash provided by operating activities increased to $1,006 million from $720 million.
- Completed divestiture of Italy infant and specialty food business for $146 million cash.
- Restructuring activities resulted in a net benefit of $23 million for the quarter.
- Noted heightened risk of future goodwill and intangible asset impairments.
Price Impact
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