PITTSBURGH & CHICAGO- The Kraft Heinz Company (Nasdaq: KHC) ('Kraft Heinz' or the 'Company') today reported financial results for the second quarter of 2026.
Second Quarter Highlights
* Net sales decreased 1.4%; Organic Net Sales(1) decreased 1.3%
* Gross profit margin decreased 200 basis points to 32.4%; Adjusted Gross Profit Margin(1) was flat at 34.1%
* Operating income was a loss of $6.4 billion, driven by non-cash impairment losses of $7.4 billion; Adjusted Operating Income(1) decreased 18.4% to $1.0 billion
* Year-to-date net cash provided by operating activities was $2.1 billion, up 8.2%; Free Cash Flow(1) was $1.7 billion, up 10.3%; and Free Cash Flow Conversion(1) increased 27pp to 123%
* Year-to-date return of capital to stockholders was $0.9 billion
'We delivered another solid quarter, with results that exceeded our expectations across U.S. Retail, Global Away From Home, and Emerging Markets,' said Steve Cahillane, CEO of Kraft Heinz. 'Our brands are resonating with consumers, and our share performance is improving. The progress we are seeing gives us the confidence to raise our Organic Net Sales outlook for the year.'
'Building on this momentum, we are also increasing our incremental investments by $100 million, to approximately $700 million in 2026. We have seen that our brands respond well when we invest behind them. By accelerating these investments, we position the business even more favorably as we enter 2027.'
Cahillane concluded, 'I am proud of the progress our team has made. We are ahead of plan and remain focused on our ultimate goal to return the company to volume-led, sustainable and profitable growth.'
See full release at: https://ir.kraftheinzcompany.com/news/kraft-heinz-reports-second-quarter-2026-results-updates-2026-full-year-outlook/cd23581d-7919-4c09-8b15-7fa727d23107
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