The Kraft Heinz Company (KHC) reported mixed first-quarter 2026 financial results.
Net sales increased 0.8%. Organic net sales decreased 0.4%. Adjusted earnings per share (EPS) fell 6.5% compared to the prior year. The company reported adjusted EPS of $0.58. Lower adjusted operating income drove the earnings decline.
CEO Steve Cahillane cited steady progress and momentum from 2025 investments. Market share trends improved. The company maintained its full-year 2026 outlook. Management attributed its cautious stance to a volatile environment and inflationary pressures. Low consumer sentiment also impacted the company's outlook.
Net cash from operating activities increased 39.7%. Kraft Heinz is prioritizing a turnaround of its U.S. business. The company aims to accelerate international growth for the remainder of 2026.