Earnings summaries and quarterly performance for Kraft Heinz.
Executive leadership at Kraft Heinz.
CA
Carlos Abrams-Rivera
Detailed
Chief Executive Officer
CEO
AM
Andre Maciel
Detailed
Executive Vice President and Global Chief Financial Officer
AW
Angel Willis
Detailed
Executive Vice President, Global General Counsel and Corporate Affairs Officer
CO
Cory Onell
Detailed
Executive Vice President and Chief Omnichannel Sales and Asian Emerging Markets Officer
JA
Janelle Aydin
Detailed
Chief Procurement and Sustainability Officer
PN
Pedro Navio
Detailed
Executive Vice President and President, North America
Board of directors at Kraft Heinz.
DS
Debby Soo
Detailed
Director
DG
Diane Gherson
Detailed
Director
EL
Elio Leoni Sceti
Detailed
Director
HA
Humberto Alfonso
Detailed
Director
JP
James Park
Detailed
Director
JC
John Cahill
Detailed
Vice Chair
JP
John Pope
Detailed
Lead Independent Director
KC
Kevin Cox
Detailed
Director
LF
Lori Fouché
Detailed
Director
ML
Mary Lou Kelley
Detailed
Director
MP
Miguel Patricio
Detailed
Executive Chair of the Board
TP
Tony Palmer
Detailed
Director
Research analysts who have asked questions during Kraft Heinz earnings calls.
Andrew Lazar
Barclays PLC
4 questions for KHC
Also covers: BGS, BRBR, CAG +15 more
DP
David Palmer
Evercore ISI
4 questions for KHC
Also covers: BGS, BRBR, CAG +21 more
Megan Clapp
Morgan Stanley
4 questions for KHC
Also covers: BRBR, CAG, CPB +14 more
Christopher Carey
Wells Fargo & Company
3 questions for KHC
Also covers: CAG, CHD, CL +21 more
TP
Thomas Palmer
Citigroup Inc.
3 questions for KHC
Also covers: ADM, BG, BRBR +14 more
YB
Yasmin Beswandi
Bank of America
3 questions for KHC
Alexia Howard
AllianceBernstein
1 question for KHC
Also covers: BRBR, BYND, CAG +10 more
LJ
Leah Jordan
Goldman Sachs Group, Inc.
1 question for KHC
Also covers: ACI, CAG, GIS +8 more
Max Gumport
BNP Paribas
1 question for KHC
Also covers: CAG, FLO, GIS +10 more
Peter Galbo
Bank of America
1 question for KHC
Also covers: CAG, CL, CPB +23 more
Recent press releases and 8-K filings for KHC.
Kraft Heinz appoints Steve Cahillane as CEO
KHC
CEO Change
Board Change
Management Change
- The Kraft Heinz Company appointed Steve Cahillane as Chief Executive Officer, effective January 1, 2026, and he will join the Board of Directors.
- Following the planned separation, Cahillane will serve as CEO of Global Taste Elevation Co., while the Board will conduct a global search for a CEO of North American Grocery Co..
- Carlos Abrams-Rivera will step down as CEO on January 1 and transition into an advisory role through March 6, 2026, to support the leadership handover.
- John T. Cahill will succeed Miguel Patricio as Board Chair and continue to lead the Separation Committee overseeing the split.
Dec 16, 2025, 12:01 PM
Kraft Heinz appoints Steve Cahillane as CEO
KHC
CEO Change
Board Change
- The Kraft Heinz Company named Steve Cahillane as Chief Executive Officer, effective January 1, 2026.
- Following the planned separation into two public companies, Cahillane will lead Global Taste Elevation Co. as its CEO.
- Carlos Abrams-Rivera will step down as CEO on January 1 and serve as an advisor through March 6, 2026, to support the transition.
- John T. Cahill will succeed Miguel Patricio as Board Chair, and the Board will initiate a search for a CEO of North American Grocery Co.
Dec 16, 2025, 12:00 PM
Kraft Heinz reports Q3 earnings beat and lowers 2025 outlook
KHC
Earnings
Guidance Update
New Projects/Investments
- Kraft Heinz beat Q3 EPS expectations at $0.61 but missed revenue forecasts as sales fell 2.2% to $6.2 billion, with organic sales down 2.5%
- The company trimmed its fiscal 2025 adjusted EPS guidance to $2.50–$2.57, below analyst expectations
- Plans to spin off its global sauces arm from the North American grocery segment by H2 2026 to sharpen focus and improve efficiencies
- Will increase marketing and product innovation investments to address headwinds like high commodity costs and slower emerging-market growth
Oct 29, 2025, 2:16 PM
Kraft Heinz reports modest top-line recovery with improved cash flow in Q3 2025
KHC
Earnings
Guidance Update
Dividends
- Organic net sales of $6.2 B declined 2.5% vs. prior year; constant-currency adjusted operating income of $1.1 B and adjusted EPS of $0.61; YTD free cash flow of $2.5 B (+23%).
- North America organic net sales down 3.8%, while Emerging Markets grew 4.7%; volume/mix headwinds partially offset by price contributions.
- Continued investments in Marketing, R&D, and Technology are driving modest top-line recovery; gross efficiencies of 4.3% YTD against a 3.0% annual goal.
- Returned $1.8 B of incremental capital to stockholders YTD; net leverage remains at ~3.0x as company separation on track for H2 2026.
- 2025 outlook updated: organic net sales down 3.0–3.5%, constant-currency adjusted operating income down 10–12%, adjusted EPS of $2.50–$2.57.
Oct 29, 2025, 1:00 PM
Kraft Heinz Q3 2025 business update
KHC
Guidance Update
Demand Weakening
M&A
- 2025 profit outlook revised due to lower U.S. consumption, delayed Taste Elevation recovery, incremental meat and coffee inflation, and Q3 supply-chain one-offs; not driven by new investments beyond prior communications.
- Incremental 2025 investments include $300 million in U.S. promotions, ~$80 million in marketing, enhanced R&D spending, and added commercial headcount; further price increases deemed untimely.
- Q4 2025 outlook anticipates a 100–120 bp headwind from customer inventory phasing, flat consumption, and continued share gains vs. a weakening industry.
- Emerging Markets ex-Indonesia grew 9.2%; Indonesia (~$300 million revenue, 12% of EM) faces a ~10-point drop in consumer sentiment and distributor disruptions, with recovery expected by mid-2026.
- Company remains on track to separate into two independent, investment-grade businesses in H2 2026, targeting net debt ~3× EBITDA; both pro forma entities declined low single-digits in Q3.
Oct 29, 2025, 1:00 PM
Kraft Heinz updates Q3 2025 outlook
KHC
Guidance Update
Demand Weakening
- Kraft Heinz delivered a modest year-over-year top-line recovery in Q3 2025 and updated its 2025 outlook due to weaker U.S. consumer sentiment, incremental meat and coffee inflation, and supply-chain one-offs that will persist for the year.
- The 25% profit revision reflects lower U.S. consumption, slower taste-elevation recovery (70% of revenue gaining share), and un-recouped inflation rather than incremental spending beyond the $300 million of added U.S. promotions and marketing investments announced earlier.
- Emerging markets ex-Indonesia grew 9.2%, while Indonesia (≈$300 million revenue) was hit by a nearly 10-point drop in consumer sentiment, distributor disruptions, and inventory corrections, with full recovery expected in H2 2026.
- Kraft Heinz remains on track to separate into two investment-grade independent companies in 2026, targeting net debt below 4× EBITDA and maintaining disciplined cash flow and organic investment priorities.
Oct 29, 2025, 1:00 PM
Kraft Heinz reports Q3 2025 results
KHC
Earnings
- Net sales decreased 2.3% to $6.237 billion, with organic net sales down 2.5% year-over-year.
- Gross profit margin declined 230 bps to 31.9%; adjusted gross profit margin fell 200 bps to 32.3%.
- Operating income was $1.025 billion (up 1,114.9%); adjusted operating income was $1.106 billion (down 16.9%).
- Diluted EPS rose to $0.52 from $(0.24); adjusted EPS was $0.61, down 18.7%.
- Year-to-date operating cash flow reached $3.1 billion (up 10.4%) and free cash flow was $2.5 billion (up 23.3%); the planned separation into two companies remains on track for 2H 2026.
Oct 29, 2025, 11:01 AM
Kraft Heinz reports Q3 2025 results
KHC
Earnings
Guidance Update
M&A
- Kraft Heinz delivered Q3 net sales of $6.2 B, with organic net sales down 2.5% YoY, adjusted EPS of $0.61, and YTD free cash flow of $2.5 B (up 23% YoY).
- Constant currency adjusted operating income declined 17.0%, with an adjusted operating margin of 17.7%, as inflation and volume pressures were only partially offset by productivity savings.
- 2025 guidance maintained: organic net sales expected to decline 3.0%–3.5%, constant currency adjusted operating income down 10%–12%, adjusted EPS of $2.50–$2.57, and free cash flow to increase versus prior year.
- Company separation into Global Taste Elevation Co. and North American Grocery Co. remains on track to close in H2 2026.
Oct 29, 2025, 11:00 AM
Kraft Heinz reports Q3 2025 results
KHC
Earnings
Guidance Update
- Organic net sales declined 2.5% in Q3, an improvement of 80 bps from H1, with price up 1% and volume/mix down 3.5%.
- Adjusted operating income of $1.1 billion and adjusted EPS of $0.61 in Q3, reflecting ongoing inflation and targeted investments.
- Year-to-date free cash flow of $2.5 billion, up >20% YoY, and $1.8 billion returned to shareholders through dividends and share repurchases.
- Full-year 2025 outlook updated: organic net sales down 3–3.5%, adjusted gross profit margin down ~100 bps, adjusted operating income down 10–12%, and adj. EPS of $2.50–2.57; free cash flow conversion ≥ 100%.
- Separation into two focused companies (Global Taste Elevation and North America Grocery) remains on track to close in 2026.
Oct 29, 2025, 11:00 AM
Kraft Heinz considers breaking up business
KHC
M&A
- Kraft Heinz is planning to spin off a portion of its grocery business into a new entity valued at up to $20 billion.
- The remaining company would focus on sauce brands, including Heinz Ketchup and Grey Poupon mustard.
- Since the 2015 merger, Kraft Heinz shares are down about 60%, though they were up 1.7% on the morning following the report.
- Executives noted strong margins in the ketchup segment, while other packaged foods face more headwinds due to declining consumer demand.
Jul 14, 2025, 10:53 AM
Quarterly earnings call transcripts for Kraft Heinz.
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