Kraft Heinz beats Q1 sales, adjusted EPS estimates

Kraft Heinz Co

06/05/2026 12:09

Overview

U.S. food and beverage maker's Q1 net sales rose 0.8%, beating analyst expectations

Adjusted EPS for Q1 beat consensus

Organic net sales fell 0.4% as higher prices offset by lower volume/mix

Outlook

Kraft Heinz sees 2026 organic net sales down 1.5% to 3.5% versus prior yr

Company expects 2026 constant currency adj operating income down 14% to 18% yr-on-yr

Kraft Heinz projects 2026 adj EPS in range of $1.98 to $2.10

Result Drivers

PRICE INCREASES - Higher prices across all segments helped offset input cost inflation, per company

VOLUME DECLINES - Lower volume/mix, especially in coffee, cold cuts, and Indonesia, weighed on organic net sales

HIGHER COSTS - Increased advertising, manufacturing and logistics costs, and restructuring expenses reduced operating income and adjusted EPS

Company press release: ID:nBw3z2ngJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$6.05 bln
$5.89 bln (14 Analysts)
Q1 Adjusted EPS
Beat
$0.58
$0.50 (17 Analysts)
Q1 EPS
$0.67
Q1 Net Income
$799 mln
Q1 Organic Sales Growth
-0.40%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 18 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for Kraft Heinz Co is $23.00, about 2% above its May 5 closing price of $22.54

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)