10-K · February 12, 2026
Kraft Heinz reported 2025 net sales of approximately $25 billion and continues to manage the business through eight product platforms (Taste Elevation, Easy Ready Meals, etc.). The Board announced on February 11, 2026…
Earnings analysis · 10-Q
KHC earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
The Kraft Heinz Company reported a modest year-over-year revenue increase of 0.8% for Q1 FY2026, with net sales reaching $6.047 billion. The company beat EPS expectations, reporting $0.67 compared to $0.59 in the prior…
Read full summary
The Kraft Heinz Company reported a modest year-over-year revenue increase of 0.8% for Q1 FY2026, with net sales reaching $6.047 billion. The company beat EPS expectations, reporting $0.67 compared to $0.59 in the prior year, marking a 13.6% increase. Despite this improvement, several segments faced headwinds, leading to a drop in operating income, largely due to inflationary costs and increased advertising expenses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.67
- Segment
- North America
- Segment
- International Developed Markets
- Segment
- Emerging Markets
What stood out
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Revenue Trends
Net sales increased slightly by 0.8% year-over-year to $6.047 billion, up from $5.999 billion.
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EPS Beat Expectations
Diluted EPS rose 13.6% to $0.67 from $0.59 in the prior year, exceeding the estimate.
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Strong Cash Flow Improvement
Operating cash flow of $1 billion, up from $720 million in the prior year.
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Emerging Markets Growth
Net sales in Emerging Markets surged 7.6% to $746 million from $694 million.
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Cost Management Initiatives
Improved supplier payment terms contributed positively to cash flow despite inflationary pressures.
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Inventory Optimization Efforts
Contributed to favorable changes in working capital, aiding cash flow performance.
What to watch
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Operating Income Decline
Operating income decreased by 4.3% to $1.145 billion from $1.196 billion year-over-year.
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High Interest Expense
Interest expense rose to $236 million from $229 million, exerting pressure on net income.
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Challenging Outlook for Sales
Management anticipates organic net sales to decline by 1.5% to 3.5% for FY2026.
Management's outlook
The company maintained its guidance for adjusted EPS in the range of $1.98 to $2.10 for FY2026.
Earlier filings 4
10-Q · April 29, 2025
Kraft Heinz reported Q1 2025 net sales of $5,999 million, down $412 million (-6.4%) versus Q1 2024, with operating income of $1,196 million and diluted EPS of $0.59. Liquidity strengthened as cash, cash equivalents, and…
10-K · February 13, 2025
Kraft Heinz reported 2024 net sales of approximately $26 billion and reorganized its portfolio into eight consumer-driven product platforms to drive future growth. The company highlights strengthening employee…
10-Q · August 2, 2023
Kraft Heinz reported Q2 net sales of $6,721 million (up $167 million or ~2.5% vs. $6,554 million a year ago) and diluted EPS of $0.81 (vs. $0.21). Gross profit increased to $2,261 million and operating income rose to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.