Kraft Heinz falls after second-quarter results, annual forecast update

The Kraft Heinz

05/08/2026 17:27

** Shares of Kraft Heinz KHC.O down ~3% at $25.81
** Co to raise FY26 investments by $100 million to about $700 million, as CEO Steve Cahillane's turnaround efforts ramp up marketing and innovation spends
** Annual adjusted operating profit forecast to decline 16%-18%, compared with prior forecast of a 14%-18% fall
** Annual organic sales forecast to fall 0.5%-2.0%, annual adjusted EPS expected at $2.03 to $2.09
** Q2 organic sales down 1.3% as consecutive price hikes pressure volumes
** Q2 volumes in North America — co's largest market — decline 3.8 percentage points from a year earlier, while prices rise 1.1 percentage points
** "Combined with remarks about elevated inflation in 2027 and the still awaited return to positive volume growth, we suspect skepticism regarding 2027 will remain" - Max Gumport, analyst at BNP Paribas 
** As of last close, KHC up ~10% YTD

(Reporting by Shania S Thomas in Bengaluru)
((shanias.thomas@thomsonreuters.com))