The Kraft Heinz Company: Beat — EPS $0.53, Revenue $6.12B
Earnings BeatQ3 2026 · Pre-market
Did The Kraft Heinz Company (KHC) beat earnings today?
Yes, The Kraft Heinz Company (KHC) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+26.19% surprise
$0.53Actual
Expected: $0.42
vs. year ago -13.1%
Total Revenue+0.41% surprise
$6.12BActual
Expected: $6.09B
vs. year ago -2.0%
Released Nov 04 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net Sales | $6.12B | $6.24B | -2.0% |
| Revenue detail — reported lines | |||
| └─North America | $4.49B | $4.64B | -3.4% |
| └─Europe and Pacific Developed Markets | $910.00M | $964.00M | -5.6% |
| └─Emerging Markets | $720.00M | $632.00M | +13.8% |
| Net income/(loss) | $536.00M | $613.00M | -12.6% |
| Diluted EPS | $0.46 | $0.52 | -11.5% |
| Adjusted EPS | $0.53 | $0.61 | -13.1% |
Financial Outlook / Guidance
| Metric | FY2026 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Organic Net Sales | (1.25)% to (0.5)% (prev. (2)% to (0.5)% | $24.63B |
| Constant Currency Adjusted Operating Income | (18)% to (16)% (prev. (18)% to (16)% | — |
| Adjusted Gross Profit Margin | Low End of (50)bps to (10)bps (prev. (50)bps to (10)bps | — |
| Adjusted EPS | $2.07 to $2.13 (prev. $2.03 to $2.09 | $2.05Beat +2.44% |
| Interest Expense | ~$890M (prev. ~$890M | — |
| Other Expense/(Income) | ~$(210)M (prev. ~$(200)M | — |
| Free Cash Flow Conversion | ~110% (prev. ~110% | — |
FY2026 Outlook
- Organic Net Sales
- Guidance(1.25)% to(0.5)% (prev. (2)% to (0.5)%Expected$24.63B
- Constant Currency Adjusted Operating Income
- Guidance(18)% to(16)% (prev. (18)% to (16)%Expected—
- Adjusted Gross Profit Margin
- GuidanceLow End of(50)bps to (10)bps (prev. (50)bps to (10)bpsExpected—
- Adjusted EPS
- Guidance$2.07 to $2.13(prev. $2.03 to $2.09Expected$2.05Beat +2.44%
- Interest Expense
- Guidance~$890M(prev. ~$890MExpected—
- Other Expense/(Income)
- Guidance~$(210)M(prev. ~$(200)MExpected—
- Free Cash Flow Conversion
- Guidance~110%(prev. ~110%Expected—
Business Highlights
- ➤Operating plan targets a U.S. turnaround and accelerated international growth.
- ➤Portfolio includes Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables.
- ➤Kraft Heinz brands reach consumers in more than 40 countries.
- ➤Paid $1.4B in cash dividends year to date.
- ➤Did not repurchase shares under its publicly announced repurchase program.
- ➤Work related to the previously announced separation is paused.
Management Commentary
Steve Cahillane, CEO of Kraft Heinz
“Our 2026 operating plan to turn around the U.S. business and accelerate growth internationally is on track. Relative to last year, our market share, sales, and volume trends are improving in every region. We are increasingly meeting consumers where they are, and giving them more reasons to choose our brands.”
Steve Cahillane, CEO of Kraft Heinz
“As we approach the end of the year, we are raising the low end of our Organic Net Sales outlook, reflecting the momentum we have built. That progress is supported by a strong balance sheet, which gives us the flexibility to keep investing in our brands and our people.”