Kraft Heinz quarterly sales decline 2% to $6.12B
Key points
- Kraft Heinz reported third-quarter 2026 revenue of $6.12 billion, down 2% year over year, but above analysts' $6.08 billion forecast.
- Adjusted earnings fell to $0.53 per share from $0.61, although they exceeded the $0.42 consensus estimate; net income declined to $544 million.
- Kraft Heinz raised its 2026 adjusted EPS guidance to $2.07–$2.13 and narrowed its projected organic sales decline to 0.5%–1.25%.
Kraft Heinz (NYSE:KHC) reported third-quarter 2026 revenue of $6.12 billion, down 2%, while adjusted earnings exceeded Wall Street expectations.
Revenue declined from $6.24 billion a year earlier, while adjusted earnings reached $0.53 per share against analysts' $0.42 estimate.
Net income attributable to shareholders fell to $544 million from $615 million, while adjusted operating income declined 15.2% to $939 million.
Kraft Heinz raised its 2026 adjusted earnings forecast to $2.07–$2.13 per share from $2.03–$2.09, reflecting its updated financial expectations.
Organic sales declined 1.1%, while North American revenue fell 3.4% and emerging markets revenue increased 13.8% during the quarter.
Nine-month operating cash flow declined 4.1% to $3 billion, while free cash flow fell 5.2% to $2.4 billion.
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