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Kraft HeinzKHC

Legal name
Kraft Heinz Co
Sector
Consumer
Industry
Canned, Frozen & Preservd Fruit, Veg & Food Specialties
Exchange
Nasdaq

Stock Price $KHC

Latest filings

You are here#18 of 25 in Consumer Staples by market cap

Filing record · 2016–202610-K1110-Q348-K161

KHC filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 161 current reports (8-K) between 2016 and 2026.

  1. Restatement8-K · Nov ’17Nov ’17
  2. Material agreement8-K · Sep ’19Sep ’19
  3. Leadership change8-K · Feb ’22Feb ’22
  4. Leadership change8-K · Dec ’25Dec ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  13. $24.94B
YoY changeLargest recent move+44.5%in FY16Latest −3.5%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All KHC Financial Metrics62 metrics

Income Statement15

Balance Sheet27

Cash Flow15

Per Share5

02—Overview

Kraft Heinz Financial Overview 2021–2025

Updated Nov 4, 2026

Kraft Heinz wrote down $9.3 billiona of goodwill and intangibles in FY2025, turning $2.7 billion of net income in FY2024 into a $5.8 billion net loss. The charge is non-cash, but it signals that the market and management now value the brand portfolio far below what the balance sheet carried. The core thesis: the cash engine still works, but volume is shrinking and the asset base is being repriced.

The long-term arc shows the squeeze. Net sales slid from $26.04 billion in FY2021 to $24.9 billionb in FY2025, and FY2025 volume/mix fell 4.1 points, outweighing just 0.7 points of pricing. Pricing carried the story earlier: it added 13.2 points in FY2022, but it has since faded. Adjusted EPS peaked at $3.06 in FY2024 and dropped 15.0% to $2.60 in FY2025. Adjusted Operating Income fell 11.5% to $4.7 billion.

Cash and capital returns look sturdier than earnings. FY2025 operating cash flow was $4.5 billionc, against $801 million of capex and $1.9 billion of dividends. Long-term debt eased from $21.8 billion at FY2021 to $21.2 billion at FY2025, though ratings now carry negative watch or review flags. Valuation reflects the damage. At the close of FY2025, the stock sat at $24.13, for a $28.6 billion market cap. Reported EPS was $(4.93), so no meaningful P/E exists. Earnings were $2.26 at FY2024, so the swing is stark.

Recent Developments (Q1 and Q2 2026)

Kraft Heinz booked $7.35 billiond of impairments in Q2 2026, producing a $5.46 billion net loss, or $(4.60) per share. Kraft, Oscar Mayer and Lunchables were written to zero excess fair value, and management warned of more charges. Underneath, Q2 2026 Adjusted Operating Income fell 18.4% to $1.04 billion, and Organic Net Sales slipped 1.3% as volume/mix fell 2.6 points. Q1 2026 Adjusted EPS fell 6.5% to $0.58. The separation remains paused. Debt fell to $19.0 billion after a $1.9 billion note repayment and a $1.4 billion tender. Management raised its investment plan to about $700 million and narrowed Adjusted EPS guidance to $2.03–$2.09.

Bull case: free cash flow conversion is guided near 110%, leverage is falling, and Emerging Markets grew 10.4%. Bear case: North America fell 2.7%, ratings carry negative flags, and the general counsel and a senior sales executive have resigned. At $25.03e as of the Q2 2026 report date (August 4, 2026), the stock has no meaningful P/E on $(4.93) reported EPS.

What to watch: further impairments on thin-headroom brands; North America volume trend and a Moody's downgrade decision

03—Filings

Recent SEC Filings

  1. 8-KKraft Heinz 8-K Report, Executive Changes (Nov 4, 2026)
  2. 8-KKraft Heinz 8-K Report, Financial Results (Nov 4, 2026)
  3. 8-KKraft Heinz 8-K Report, Corporate Update (Oct 7, 2026)In an 8-K filed October 7, 2026 under Item 8.01, The Kraft Heinz Company disclosed that in the third quarter of 2026 it reorganized its internal reporting and reportable segments. Its West and East Emerging Markets (WEEM) and Asia Emerging Markets (AEM) segments were combined into a single Emerging Markets segment, and certain European countries previously in WEEM were moved into the Europe and Pacific Developed Markets (EPDM) segment. The company now reports three segments: North America, Europe and Pacific Developed Markets, and Emerging Markets. The filing states the change has no impact on previously reported financial statements for any period. Exhibit 99.1 provides unaudited supplemental historical segment information recast to the new structure for fiscal years 2025, 2024 and 2023 and for each quarter from the first quarter of 2024 through the second quarter of 2026. On the recast basis, North America net sales were $18.59 billion in 2025 versus $19.54 billion in 2024, with Segment Adjusted Operating Income of $4.39 billion versus $5.11 billion. Emerging Markets net sales were $2.54 billion in 2025 versus $2.49 billion in 2024, and its Segment Adjusted Operating Income rose to $285 million from $261 million. Company-wide, 2025 net sales were $24.94 billion, down 3.5%, and Adjusted Operating Income was $4.75 billion versus $5.36 billion, down 11.5%. The supplemental data also show large impairment losses of $9.31 billion in 2025 and $7.35 billion in the second quarter of 2026. These drove operating losses of $4.67 billion for 2025 and $6.43 billion for the second quarter of 2026. Adjusted Operating Income for the second quarter of 2026 was $1.04 billion, down 18.4% from $1.28 billion a year earlier. The filing states the information is for informational purposes only and is not indicative of future or annual results.
  4. 8-KKraft Heinz 8-K Report, Executive Changes (Oct 6, 2026)The Kraft Heinz Company filed a Current Report on Form 8-K, dated October 2, 2026 and signed October 6, 2026, under Item 5.02 (Departure of Directors or Certain Officers). The filing reports that Angel S. Willis, Executive Vice President, Global General Counsel and Corporate Affairs Officer, notified the company on October 2, 2026 that she has decided to resign, effective October 20, 2026, to pursue other opportunities. The filing is narrow in scope and reports no financial results, guidance, or operational developments. Its main significance for investors is the planned departure of a senior executive, the company's chief legal and corporate affairs officer, roughly two and a half weeks after the notice date. The disclosure states the reason as pursuing other opportunities and does not describe any other circumstances. The report was signed by Andre Maciel, Executive Vice President and Global Chief Financial Officer. The company's common stock trades on the New York Stock Exchange under the symbol KHC, and the filing also lists four series of senior notes registered on The Nasdaq Stock Market.
  5. 8-KKraft Heinz 8-K Report, Listing Notice (Aug 26, 2026)The Kraft Heinz Company (Nasdaq: KHC) filed this Current Report on Form 8-K to disclose that, acting under authorization from its Board of Directors, it will voluntarily withdraw the listing of its common stock, par value $0.01 per share, from The Nasdaq Global Select Market and transfer the listing to the New York Stock Exchange. The company expects its Nasdaq listing and trading to end at market close on September 11, 2026, with trading on the NYSE beginning at market open on September 14, 2026. The common stock will continue to trade under the symbol "KHC." The company's 3.500% Senior Notes due 2029, 3.500% Senior Notes due 2031, 3.250% Senior Notes due 2033, and 3.950% Senior Notes due 2034 will remain listed on The Nasdaq Stock Market LLC. The filing also furnishes, under Item 7.01 (Regulation FD Disclosure), a press release dated August 26, 2026, announcing the transfer. In that release, CEO Steve Cahillane described the move as a milestone in the company's transformation, and the release describes Kraft Heinz as one of the world's largest food and beverage companies with approximately $25 billion in net sales in 2025. For investors, the filing is primarily administrative: the ticker is unchanged and no financial results or operating metrics are reported. The key dates to note are the final Nasdaq trading day on September 11, 2026 and the first NYSE trading day on September 14, 2026.
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04—See also

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