Quarterly ResultAug 5, 2026, 07:07 AM
Kraft Heinz Q2 Net Sales $6.3B, Adj. EPS $0.56; Updates 2026 Outlook
AI Summary
The Kraft Heinz Company reported its second quarter 2026 financial results, with net sales decreasing 1.4% to $6.262 billion and Adjusted EPS falling 18.8% to $0.56. Despite a GAAP operating loss of $6.431 billion, the company's CEO, Steve Cahillane, expressed confidence in the results, noting performance exceeded expectations in U.S. Retail, Global Away From Home, and Emerging Markets. Consequently, Kraft Heinz raised its full-year 2026 Organic Net Sales outlook to a decline of 0.5% to 2.0% and its Adjusted EPS outlook to a range of $2.03 to $2.09, while also increasing incremental investments by $100 million to approximately $700 million.
Key Highlights
- Q2 2026 Net Sales decreased 1.4% to $6.262 billion; Organic Net Sales decreased 1.3%.
- Q2 2026 Operating Income was a loss of $6.431 billion, an improvement of 19.4% YoY.
- Q2 2026 Adjusted Operating Income decreased 18.4% to $1.041 billion.
- Q2 2026 Diluted EPS was a loss of $4.60, an improvement of 30.3% YoY.
- Q2 2026 Adjusted EPS was $0.56, down 18.8% from the prior year period.
- Year-to-date Free Cash Flow was $1.7 billion, up 10.3% YoY.
- Updated 2026 Organic Net Sales outlook to down 0.5% to 2.0% (previously down 1.5% to 3.5%).
- Updated 2026 Adjusted EPS outlook to $2.03 to $2.09 (previously $1.98 to $2.10).
Price Impact
More from KHC