KHC
The Kraft Heinz Company24.68
+0.18+0.74%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Pauses spin to prioritize investments
Q&A unpacked CEO Steve Cahillane's rationale for pausing the Kraft Heinz spin-off after his six-week deep dive uncovered short-term turnaround opportunities, opting to channel full resources into $600M brand investments rather than separation distractions. Details surfaced on Q2 ramp-up for back-half market share inflection, disproportionately in US grocery with Heinz, Philly cream cheese, and new 17g protein Mac & Cheese innovation; emerging markets ex-Indonesia and Canada show momentum. SNAP changes add 100bps US headwind on 13% overindex exposure, countered by opening price points in 40% of categories. No long-term guidance yet; debt paydown precedes buybacks. Spin paused. Watch H2 trends for 2027 growth optionality.
Key Stats
Market Cap
29.21BP/E (TTM)
-Basic EPS (TTM)
-3.71Dividend Yield
0.07%Recent Filings
8-K
Navio steps down as NA President
10-K
FY2025 results
Kraft Heinz posted FY2025 net sales of $24.9B, down 3.5% y/y including 0.1pp FX headwind, with organic sales off 3.4% on 4.1pp volume/mix weakness outpacing 0.7pp pricing gains; North America dropped 4.7% organically on volume declines in cold cuts, coffee, condiments, bacon, frozen snacks, and desserts, while Emerging Markets grew 4.6% on pricing. Adjusted operating income fell 11.5% to $4.7B as commodity/manufacturing inflation outran efficiency gains, unfavorable volume/mix, higher advertising/R&D, and 0.1pp FX drag offset pricing and lower G&A. Q4 momentum stayed soft amid persistent volume pressure, but cash from operations rose to $4.5B on working capital optimization and lower taxes. Debt stood at $21.2B with $1.9B due 2026; $1.9B dividends paid, $1.5B buyback authorization remains. Paused separation into two public companies adds uncertainty. Highly competitive industry threatens market share.
8-K
KHC pauses split, invests $600M
Kraft Heinz reported FY2025 net sales down 3.5% to $24.9B, with Organic Net Sales off 3.4% on volume/mix weakness, yet Free Cash Flow rose 15.9% to $3.7B. Paused separation work; launching $600M investment in marketing, sales, R&D for profitable growth. Cash powers the pivot. 2026 guides Organic Net Sales down 1.5-3.5%, Adjusted Operating Income off 14-18%.
8-K
Resale prospectus filed
Kraft Heinz filed a resale prospectus supplement on January 20, 2026, registering up to 325,442,152 common shares for potential sale by selling stockholders 3G Global Food Holdings LP and Berkshire Hathaway under a 2015 agreement. No sale has occurred; Kraft Heinz receives no proceeds. Filing fulfills shelf registration terms. Routine shelf step.
8-K
Cahillane named KHC CEO
Kraft Heinz appointed Steve Cahillane as CEO effective January 1, 2026, replacing Carlos Abrams-Rivera, who steps down but advises through March 6. Cahillane, ex-Kellanova CEO, gets $1.4M base, 225% target bonus, $9M annual equity, and $11M sign-on award. New leadership aids planned 2026 split into two firms. Abrams-Rivera receives $2.2M severance.
IPO
Employees
Sector
Industry
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