Kraft Heinz Co

Kraft Heinz announced a reorganization of its internal reporting and reportable segments, effective in the third quarter of 2026. The company combined its West and East Emerging Markets (WEEM) and Asia Emerging Markets (AEM) segments into a new 'Emerging Markets' operating segment to enhance efficiencies and growth. Additionally, certain European countries previously within WEEM have been reassigned to the Europe and Pacific Developed Markets segment. This restructuring results in three reportable segments: North America, Europe and Pacific Developed Markets, and Emerging Markets. Supplemental historical financial data is being provided to aid comparability.

The Kraft Heinz Company announced that Angel S. Willis, Executive Vice President, Global General Counsel and Corporate Affairs Officer, has decided to resign from her position. Her resignation will be effective on October 20, 2026, as she plans to pursue other opportunities. The company filed a Form 8-K to report this management change.

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.

The Kraft Heinz Company's Board of Directors amended and restated the company's bylaws, effective July 22, 2026. These amendments clarify the Board's authority regarding shareholder meetings, revise quorum requirements, and enhance disclosure for shareholder proposals and director nominations. Additionally, the maximum proxy duration was extended to three years, and federal district courts were designated as the exclusive forum for Securities Act claims.

The Kraft Heinz Company announced that Cory Onell, Executive Vice President and Chief Omnichannel Sales and Asia Emerging Markets Officer, will depart from his role effective June 30, 2026, to pursue other opportunities. Mr. Onell will continue to serve as an advisor to the company until March 15, 2027. He will be entitled to severance payments and a prorated annual bonus for fiscal year 2026.

Kraft Heinz Foods Company announced a partial redemption of $1 billion aggregate principal amount of its 3.875% Senior Notes due 2027. The redemption is set for July 8, 2026, and will be at a price equal to 100% of the principal amount, plus accrued unpaid interest and any make-whole amount. Currently, $1.35 billion of these notes are outstanding.

Kraft Heinz Foods Company, a subsidiary of The Kraft Heinz Company, issued €1 billion in new senior notes across two tranches due 2031 and 2034. The proceeds are intended to fund a concurrent cash tender offer for its outstanding 4.375% Senior Notes due 2046 and 4.875% Senior Notes due 2049, with a maximum purchase price of $1.1 billion. Due to high participation, the company accepted $1,379,414,000 of the 2046 Notes with a proration factor of approximately 78.77%, but no 2049 Notes were accepted. This debt management action aims to optimize its debt structure.

Kraft Heinz Foods Company, a wholly-owned operating subsidiary of The Kraft Heinz Company, entered into an underwriting agreement for the offering of €1 billion in senior notes. This includes €500 million of 3.500% senior notes due 2031 and €500 million of 3.950% senior notes due 2034. The notes are expected to be issued on or around May 21, 2026, with Citigroup, Deutsche Bank, Goldman Sachs, and Merrill Lynch acting as representatives of the underwriters.

Kraft Heinz Foods Company, a wholly-owned subsidiary of The Kraft Heinz Company, has commenced a cash tender offer to purchase up to $1.1 billion of its outstanding 4.375% Senior Notes due June 2046 and 4.875% Senior Notes due October 2049. The tender offer is subject to certain conditions, including the receipt of proceeds from a new senior unsecured notes offering, which the Issuer may waive. Holders who tender their notes by the Early Tender Time of May 20, 2026, will be eligible for an Early Tender Premium.

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.