AI Earnings Predictions for The Kraft Heinz Company (KHC)

EX-99.1

2 ex991-erq12026.htm

EX-99.1

Document

Exhibit 99.1

Contacts:Kraft Heinz Media TeamAnne-Marie Megela (investors)

media@kraftheinz.comAnne-Marie.Megela@kraftheinz.com

KRAFT HEINZ REPORTS FIRST QUARTER 2026 RESULTS;

MAINTAINS 2026 FULL YEAR OUTLOOK

First Quarter Highlights

•Net sales increased 0.8%; Organic Net Sales(1) decreased 0.4%

•Gross profit margin increased 230 basis points to 36.7%; Adjusted Gross Profit Margin(1) decreased 30 basis points to 34.1%

•Operating income decreased 4.3% to $1.1 billion; Adjusted Operating Income(1) decreased 11.8% to $1.1 billion

•Year-to-date net cash provided by operating activities was $1.0 billion, up 39.7%; Free Cash Flow(1) was $0.8 billion, up 58.9%; and Free Cash Flow Conversion(1) increased 46pp to 111%

•Year-to-date return of capital to stockholders was $0.5 billion

PITTSBURGH & CHICAGO – May. 6, 2026 – The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the first quarter of 2026.

“Our first quarter results demonstrate steady progress, and I am encouraged by the early signs of momentum we’re building,” said Steve Cahillane, CEO of Kraft Heinz. “The investments we made in 2025 are now driving early traction, with improving market share trends, particularly within must-win parts of our portfolio like Taste Elevation. This is proof that our brands respond well when we invest behind them.”

“Our goal is to ultimately deliver profitable growth through volume and market share recovery, while continuing to deliver strong Free Cash Flow. In 2026, we are focused on turning around our U.S. business and accelerating growth in our international markets. Our strategy is supported by incrementally investing the previously announced $600 million in the business, leveraging the Heinz brand, and continuing to capture white-space opportunities across Emerging Markets.”

Cahillane concluded, "While we are encouraged by the strong start to the year, we are reiterating our 2026 outlook. This reflects an operating environment that remains volatile, with increasing inflationary

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pressures and persistently low consumer sentiment. At the same time, we are retaining the flexibility to increase investments in areas that are delivering strong returns."

Net Sales

In millions

Net Sales Organic Net Sales(1)

March 28, 2026March 29, 2025% Chg vs PYYoY Growth RatePriceVolume/Mix

For the Three Months Ended

North America$4,458 $4,488 (0.7)%(1.1)%0.4 pp(1.5) pp

International Developed Markets843 817 3.2 %(0.1)%0.2 pp(0.3) pp

Emerging Markets(a) 746 694 7.6 %3.8 %4.4 pp(0.6) pp

Kraft Heinz$6,047 $5,999 0.8 %(0.4)%0.8 pp(1.2) pp

(a)    Emerging Markets represents the aggregation of our West and East Emerging Markets (“WEEM”) and Asia Emerging Markets (“AEM”) operating segments.

Net Income/(Loss) and Diluted EPS

In millions, except per share data

For the Three Months Ended

March 28, 2026March 29, 2025% Chg vs PY

Gross profit$2,219 $2,064 7.5 %

Operating income/(loss)1,145 1,196 (4.3)%

Net income/(loss)799 714 11.9 %

Net income/(loss) attributable to common shareholders798 712 12.1 %

Diluted EPS$0.67 $0.59 13.6 %

Adjusted EPS(1) 0.58 0.62 (6.5)%

Adjusted Operating Income(1) $1,058 $1,199 (11.8)%

Q1 2026 Financial Summary

•Net sales increased 0.8 percent versus the year-ago period to $6.0 billion, including a 1.9 percentage point favorable impact from foreign currency and a 0.7 percentage point unfavorable impact from divestitures. Organic Net Sales(1) decreased 0.4 percent versus the prior year period. Price increased 0.8 percentage points versus the prior year period, with increases in each segment. Favorable price was primarily due to pricing taken in certain categories to mitigate higher input costs. Volume/mix declined 1.2 percentage points versus the prior year period, with declines in each segment. Unfavorable volume/mix was primarily driven by declines in coffee, cold cuts, and Indonesia, which more than offset the favorable impact to certain categories as a result of the shift in Easter timing.

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•Operating Income decreased 4.3 percent versus the year-ago period to $1.1 billion, primarily due to increased advertising expenses, inflationary pressures in manufacturing and logistics costs that outpaced our efficiency initiatives, separation costs incurred in the current year period, and increased restructuring costs. These unfavorable impacts were partially offset by favorable changes in unrealized losses/(gains) on commodity hedges, higher pricing, and certain nonrecurring procurement cost recoveries. Adjusted Operating Income(1) decreased 11.8 percent versus the year-ago period to $1.1 billion, primarily due to increased advertising expenses, inflationary pressures in manufacturing and logistics costs that outpaced our efficiency initiatives, and unfavorable volume/mix. These unfavorable impacts more than offset higher pricing, certain nonrecurring procurement cost recoveries, and a favorable

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 11, 2026

The Kraft Heinz Company (Exact name of registrant as specified in its charter)

Delaware001-3748246-2078182 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

One PPG Place, Pittsburgh, Pennsylvania 15222 (Address of principal executive offices, including zip code)

(412) 456-5700 (Registrant’s telephone number, including area code)

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, $0.01 par valueKHCThe Nasdaq Stock Market LLC 3.500% Senior Notes due 2029

KHC29

The Nasdaq Stock Market LLC 3.250% Senior Notes due 2033KHC33The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On February 11, 2026, The Kraft Heinz Company issued a press release announcing results for the fourth quarter and full year ended December 27, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) The following exhibit is furnished with this Current Report on Form 8-K.

Exhibit No.Description 99.1The Kraft Heinz Company Press Release, dated February 11, 2026.

104The cover page of The Kraft Heinz Company's Current Report on Form 8-K dated February 11, 2026, formatted in iXBRL.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The Kraft Heinz Company

Date: February 11, 2026By:/s/ Andre Maciel Andre Maciel

Executive Vice President and Global Chief Financial Officer

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khc-20251029false000163745900016374592025-10-292025-10-290001637459us-gaap:CommonStockMember2025-10-292025-10-290001637459khc:SeniorNotesDue2029Member2025-10-292025-10-290001637459khc:SeniorNotesDue2033Member2025-10-292025-10-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 29, 2025

The Kraft Heinz Company (Exact name of registrant as specified in its charter)

Delaware001-3748246-2078182 (State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

One PPG Place, Pittsburgh, Pennsylvania 15222 (Address of principal executive offices, including zip code)

(412) 456-5700 (Registrant’s telephone number, including area code)

Not Applicable (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common stock, $0.01 par valueKHCThe Nasdaq Stock Market LLC 3.500% Senior Notes due 2029

KHC29

The Nasdaq Stock Market LLC

3.250% Senior Notes due 2033

KHC33

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2025, The Kraft Heinz Company issued a press release announcing results for the third quarter ended September 27, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) The following exhibit is furnished with this Current Report on Form 8-K.

Exhibit No.Description 99.1The Kraft Heinz Company Press Release, dated October 29, 2025.

104The cover page of The Kraft Heinz Company's Current Report on Form 8-K dated October 29, 2025, formatted in iXBRL.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

The Kraft Heinz Company

Date: October 29, 2025By:/s/ Andre Maciel Andre Maciel Executive Vice President and Global Chief Financial Officer

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