Consumer Staples · NYSE: KHC
Kraft Heinz: how the business works
Kraft Heinz makes packaged foods such as Heinz ketchup, Kraft Mac & Cheese and Oscar Mayer meats, with $24.9 billion of net sales in FY2025.
By Hardik Bhandare · Checked against filings: . Editorial policy. Corrections
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The Kraft Heinz Company · Pittsburgh, Pennsylvania and Chicago, Illinois · Founded 2015
Updated for Q3 FY2026 · checked
- Net sales, FY2025
- $24.9B
- Net loss, FY2025
- −$5.8B
- Goodwill and brand write-downs, FY2025
- $9.3B
- Share of net sales from Walmart, FY2025
- About 21%
- Berkshire Hathaway's stake, Mar 16, 2026
- 27.45%
The short version
Kraft Heinz in 5 points
1 · What it sells
Kraft Heinz sells packaged foods such as Heinz ketchup, Kraft Mac & Cheese and Oscar Mayer meats, and condiments, sauces, dressings and spreads were 45.2% of its FY2025 net sales of $24.9 billion.
2 · Who pays it
In FY2025, Walmart paid about 21% of Kraft Heinz's net sales and all other customers, from grocery chains to foodservice distributors, about 79%.
3 · What it keeps from $100
Of every $100 that came in during FY2025, Kraft Heinz lost $23.28 after $37.06 of non-cash goodwill and brand write-downs, while operating income before those write-downs was $18.59 per $100 of net sales.
4 · Where the operating profit comes from
North America earned 83.2% of FY2025 Segment Adjusted Operating Income, the company's segment profit measure before corporate costs, against 11.4% for Europe and Pacific Developed Markets and 5.4% for Emerging Markets.
5 · The one thing to watch
Kraft Heinz wrote down $7,437 million of goodwill and brands in the first nine months of FY2026 after $9,306 million in FY2025, and goodwill and intangibles were still 72.0% of total assets at Sep 26, 2026.
Sources: From Kraft Heinz's FY2025 10-K, Q3 FY2026 10-Q, Q3 FY2026 earnings release and Oct 7, 2026 segment recast 8-K · checked
See the full receipt and the management scorecard below
01Where the money goes · FY2025
Where does $100 of Kraft Heinz's money go?
Kraft Heinz · FY2025
Receipt for every $100
| Cost of products sold | $66.2 |
|---|---|
| Selling, general and administrative | $14.6 |
| Goodwill and brand write-downs (non-cash) | $37.1 |
| Interest | $3.8 |
| Income tax | $1.6 |
| Net loss (costs above money in) | −$23.3 |
| Total | $100 |
Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.
How this is worked out
Cityfort calculation from the FY2025 10-K. Of every $100 that came in during FY2025 (net sales $24,942 million + other income $171 million = $25,113 million): each line = line ÷ total money in × 100. Costs came to $123.28, so the last line is a loss of $23.28. The write-downs are non-cash. Measured on net sales alone, operating income before write-downs was $18.59 per $100 and the GAAP operating loss $18.72.
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02The business in one line
What does Kraft Heinz do?
Walmart, grocery chains and other stores pay Kraft Heinz for ketchup, mac and cheese, cheese, meats and drinks; ingredients and factories take most of the money, and in FY2025 write-downs of brand values turned the result into a loss.
- Condiments, sauces, dressings and spreads were $11.3 billion of FY2025 net sales, 45.2% of the total. Walmart alone paid about 21%.
- Of every $100 that came in during FY2025, cost of products sold took $66.23 and non-cash write-downs of goodwill and brands $37.06; after selling and admin costs ($14.62), interest ($3.77) and income tax ($1.60), the net loss was $23.28.
03Who pays it
Who pays Kraft Heinz?
Walmart
21%
of revenue
About 21% of FY2025 net sales, and about the same in FY2024 and FY2023.
All other customers
79%
of revenue
Grocery chains, wholesalers, club, convenience and drug stores, other mass merchants, online retailers, foodservice distributors and institutions. 79% is a Cityfort calculation from the FY2025 10-K: 100% minus Walmart's share.
- Walmart21%
- All other customers79%
Customer concentration
Walmart was about 21% of net sales in FY2025. The five largest customers were about 46% of North America's net sales, about 27% of International Developed Markets' and about 15% of Emerging Markets' (segments as reported in the FY2025 10-K). No company-wide top-5 share is given.
- Largest customer
- 21%
04Why it makes money
Why does Kraft Heinz make money?
Kraft Heinz earns money by selling branded foods for more than the ingredients, packaging and plants cost, so how many packages it sells matters.
Before write-downs, operating income was $19.56 per $100 of net sales in FY2021 and $18.59 in FY2025. Net sales fell 3.5% in FY2025, mostly because fewer products were sold: volume and mix took 4.1 points off organic growth, while price added 0.7.
Operating income before write-downs per $100 of net sales
$19.6$18.6
FY2021 to FY2025
- Brands such as Heinz, Kraft and Oscar Mayer
- Stores stock them; Walmart alone paid about 21% of FY2025 net sales
- 69 plants turn dairy, meat, tomatoes and oils into packaged foods
- Cost of products sold took $66.23 of every $100 that came in during FY2025
- Cash pays dividends, $1.9 billion in FY2025, and marketing to keep shoppers buying
↺ Step 5 feeds back into step 1.
05Business segments · FY2025
Which businesses make up Kraft Heinz?
North America
75%The US and Canada. 83.2% of FY2025 Segment Adjusted Operating Income, the company's segment profit measure, which leaves out $528 million of corporate costs and $9,414 million of items such as write-downs.
Revenue $18.6B · Operating profit $4.4B
Europe and Pacific Developed Markets
15%Developed markets outside North America, with brands such as Heinz, Golden Circle and Wattie's. 11.4% of FY2025 segment profit.
Revenue $3.8B · Operating profit $599M
Emerging Markets
10%Brands such as Heinz, Master, ABC and Quero. 5.4% of FY2025 segment profit.
Revenue $2.5B · Operating profit $285M
How the mix changed
- North America
- Europe and Pacific Developed Markets
- Emerging Markets
Revenue by segment, FY2023 to FY2025.
US$
See the numbers
06The numbers · Consolidated · US$
How has Kraft Heinz done?
Revenue
$24.9BFY2025
Net sales fell from $26.6 billion in FY2023 to $24.9 billion in FY2025, and were $18.4 billion in the first nine months of FY2026, down 0.9%; FY2022 had 53 weeks; quarterly EBITDA uses depreciation and amortization from year-to-date cash flow statements (Cityfort calculation from the Q4 FY2024 to Q3 FY2026 earnings releases).
US$
See the numbers
Net profit
−$5.8BFY2025
Net income turned into a $5.8 billion loss in FY2025 after $9.3 billion of goodwill and brand write-downs, mostly in Q2 FY2025; Q2 FY2026 had $7.4 billion more, and Q4 FY2024's $2.1 billion of net income reflected the recognition of a $3.0 billion non-US deferred tax asset, with an associated $0.6 billion valuation allowance.
US$
See the numbers
Profit kept per $100 of revenue
−$23.4FY2025
Net income per $100 of net sales was −$23.4 in FY2025, against $10.6 in FY2024; before write-downs, operating income was $18.59 per $100 in FY2025 and $20.71 in FY2024.
$ of profit per $100 of revenue (net margin)
See the numbers
Free cash flow
$3.7BFY2025
Cash from operations minus capital spending was $3.7 billion in FY2025, up from $3.0 billion in FY2023; the write-downs are non-cash, so cash flow stayed positive in every year and quarter shown.
US$ · cash from operations minus spending on plants and equipment
See the numbers
See all yearly numbers
EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Last Saturday of December; FY2025 ended Dec 27, 2025. FY2022 had 53 weeks; FY2023 to FY2025 had 52.). Net profit is the share belonging to the company's owners.
Download Kraft Heinz's yearly and quarterly numbers (CSV, with source ids)
Learn: Stock-based compensation and dilution: pay that becomes shares
Sources (11)
- Form 10-K, fiscal year 2023 (ended Dec 30, 2023)
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- Earnings release, Q4 and full year 2024 (8-K Exhibit 99.1)
- Earnings release, Q1 2025 (8-K Exhibit 99.1)
- Earnings release, Q2 2025 (8-K Exhibit 99.1)
- Earnings release, Q3 2025 (8-K Exhibit 99.1)
- Earnings release, Q4 and full year 2025 (8-K Exhibit 99.1)
- Earnings release, Q1 2026 (8-K Exhibit 99.1)
- Earnings release, Q2 2026 (8-K Exhibit 99.1)
- Earnings release, Q3 2026 (8-K Exhibit 99.1)
- Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026)
07Who runs it
Who runs Kraft Heinz, and did they deliver?
Steve Cahillane
Chief Executive Officer · since 2026
CEO since Jan 1, 2026; previously CEO of Kellanova (2023 to 2025) and Chairman and CEO of Kellogg (2017 to 2023). His offer letter sets a $1.4 million base salary, a $9.0 million annual equity target and an $11.0 million one-time sign-on award.
Andre Maciel
Chief Financial Officer
2025 total pay of $7,063,946 in the 2026 proxy.
John T. Cahill
Chair of the Board
Succeeded Miguel Patricio as chair.
What they said, and what happened
1 withdrawn · 2 missed · 1 delivered · 2 too early to tell
Said on Sep 2, 2025
Kraft Heinz said it planned to separate into two companies, with the separation expected to close in the second half of 2026.
WithdrawnWhat happened
On Feb 11, 2026 Kraft Heinz said it had decided to pause work related to the separation. It recorded $90 million of separation costs in the first nine months of FY2026.
Said on Feb 12, 2025
Kraft Heinz said it expected FY2025 organic net sales to be flat to down 2.5%.
MissedWhat happened
It lowered the range twice in 2025; organic net sales fell 3.4% and reported net sales 3.5%.
Said on Feb 12, 2025
Kraft Heinz said it expected FY2025 adjusted EPS of $2.63 to $2.74.
MissedWhat happened
Adjusted EPS was $2.60; GAAP diluted EPS was −$4.93 after the write-downs.
Said on Feb 12, 2025
Kraft Heinz said it expected FY2025 free cash flowCash from operations minus spending on buildings and equipment. Learn more to be about flat with 2024.
DeliveredWhat happened
Free cash flow was $3,661 million, up 15.9% from $3,160 million in FY2024.
Said on Feb 11, 2026
Kraft Heinz said it expected FY2026 organic net sales to change by −1.5% to −3.5%, including about 1 point from changes to SNAP food benefits.
Too early to tellWhat happened
Organic net sales fell 0.9% in the first nine months of FY2026, and on Nov 4, 2026 the company changed its range to −0.5% to −1.25%. Reported net sales fell 0.9%.
Said on Feb 11, 2026
Kraft Heinz said it expected FY2026 adjusted EPS of $1.98 to $2.10.
Too early to tellWhat happened
Adjusted EPS was $1.67 in the first nine months, and on Nov 4, 2026 the range became $2.07 to $2.13. GAAP diluted EPS for the nine months was −$3.47.
Sources (9)
- 8-K Item 5.02: Steve Cahillane named CEO from Jan 1, 2026; offer letter terms
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- Proxy statement (DEF 14A) for the 2026 annual meeting
- 8-K Items 5.02/7.01: plan to separate into two companies (press release, Exhibit 99.1)
- Earnings release, Q4 and full year 2025 (8-K Exhibit 99.1)
- Earnings release, Q3 2026 (8-K Exhibit 99.1)
- Earnings release, Q4 and full year 2024 (8-K Exhibit 99.1)
- Earnings release, Q1 2025 (8-K Exhibit 99.1)
- Earnings release, Q3 2025 (8-K Exhibit 99.1)
08What could go wrong
What could go wrong for Kraft Heinz?
- Concentration
Reliance on Walmart
Walmart was about 21% of net sales in FY2025, FY2024 and FY2023. The 10-K lists retail consolidation and the loss of a key customer as risks.
Watch Walmart's share of net sales in each 10-K.
- Demand
Fewer products sold in North America
North America's net sales fell from $20.1 billion in FY2023 to $18.6 billion in FY2025, and its organic net sales fell 3.2% in Q3 FY2026, with volume and mix taking off 2.4 points.
Watch North America's volume and mix in each earnings release.
- Regulation
Changes to SNAP food benefits
The Q3 FY2026 10-Q says the 2025 law that changed the Supplemental Nutrition Assistance Program has cut the number of SNAP participants and average benefits, hurting demand for its products. Kraft Heinz said on Nov 4, 2026 that its 2026 outlook includes about 100 basis points of SNAP headwind on organic net sales.
Watch What the 10-Q and earnings release say about SNAP.
- Execution
More write-downs
Kraft Heinz wrote down $9,306 million of goodwill and brands in FY2025 and $7,437 million in the first nine months of FY2026, citing a sustained decline in its share price and market valueShare price × number of shares: what all the shares were worth at one dated price. Learn more. Goodwill and intangibles were still 72.0% of total assets at Sep 26, 2026.
Watch The impairment line in each 10-Q and 10-K.
- Debt
Debt and credit ratings
Debt exceeded cash and marketable securities by $16.1 billion at Sep 26, 2026. S&P and Fitch rate Kraft Heinz BBB with negative outlooks, and the 10-K lists a downgrade as a risk.
Watch Net debt in each 10-Q and the ratings stated there.
- Raw-material prices
Ingredient and packaging costs
Dairy, meat, coffee, tomatoes, oils and packaging drive cost of products sold, which took $66.23 of every $100 that came in during FY2025. Gross margin was 33.3% in FY2025, against 34.7% in FY2024.
Watch Gross margin in each earnings release (32.5% in Q3 FY2026).
- Governance
A 27.45% holder
The 10-K says Berkshire Hathaway can significantly influence Kraft Heinz, and that sales of its shares could affect the stock price. All its 325,442,152 shares were registered for possible resale on Jan 20, 2026.
Watch Schedule 13GA filing by anyone who owns more than 5% of a company's shares and does not seek control. Learn more/A or Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings by Berkshire Hathaway.
Sources (6)
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- 8-K Item 8.01: change in reportable segments, with recast segment data for 2023 to Q2 2026 (Exhibit 99.1)
- Earnings release, Q3 2026 (8-K Exhibit 99.1)
- Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026)
- Proxy statement (DEF 14A) for the 2026 annual meeting
- 8-K Item 8.01: resale prospectus supplement registering Berkshire Hathaway's 325,442,152 shares
09Both sides
What do supporters and critics point to?
What supporters point to
- Free cash flow rose from $2,963 million in FY2023 to $3,661 million in FY2025, even as net sales fell.
- Emerging Markets' organic net sales grew 15.6% in Q3 FY2026.
- Kraft Heinz has declared $1.60 a share of dividends every year since FY2021; dividends paid were 51.8% of FY2025 free cash flow.
- Net debt fell from $17.5 billion at FY2025 year end to $16.1 billion at Sep 26, 2026.
- On Nov 4, 2026 Kraft Heinz raised the low end of its 2026 organic net sales outlook, to −0.5% to −1.25%.
What critics point to
- Net sales fell from $26.6 billion in FY2023 to $24.9 billion in FY2025, and fell 0.9% in the first nine months of FY2026.
- Write-downs of goodwill and brands were $9.3 billion in FY2025 and $7.4 billion in the first nine months of FY2026.
- North America's segment profit was $911 million in Q3 FY2026, against $1,018 million a year earlier.
- S&P and Fitch rated Kraft Heinz BBB with negative outlooks as of Nov 4, 2026.
- Kraft Heinz said on Nov 4, 2026 that it expects 2026 constant-currency adjusted operating income to fall 16% to 18%.
10What to watch next
What should you watch next at Kraft Heinz?
Next event
Q4 FY2026 results
Date not announced yet.
North America's sales
North America's organic net sales fell 3.2% in Q3 FY2026. Kraft Heinz said on Nov 4, 2026 that its plan to turn around the US business is on track.
Further write-downs
Goodwill and intangibles were $51,977 million at Sep 26, 2026. Kraft Heinz cited a sustained decline in its share price and market value as the trigger for its 2025 and 2026 write-downs.
The separation
The Board paused the split into two companies on Feb 11, 2026. The Q3 FY2026 10-Q gives no new status, though separation costs were $24 million in the quarter.
11Key dates
What are the key dates for Kraft Heinz?
| Event | Date | Source |
|---|---|---|
| $3.0 billion buyback program endsAbout $1.5 billion was unused at Sep 26, 2026. | Form 10-K, fiscal year 2025 (ended Dec 27, 2025); Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026) |
12Key facts
Key facts about Kraft Heinz
- What does Kraft Heinz do?
- Kraft Heinz makes and sells packaged foods and drinks, with brands such as Heinz, Kraft, Oscar Mayer, Philadelphia, Lunchables, Velveeta and Ore-Ida. Kraft Heinz's net sales were $24.9 billion in FY2025, the 52 weeks ended Dec 27, 2025.
- How does Kraft Heinz make money, and what is its business model?
- Kraft Heinz makes money by selling branded foods to grocery chains, mass merchants such as Walmart, club, convenience and online stores, and foodservice distributors. In FY2025, cost of products sold took $16.6 billion of Kraft Heinz's $24.9 billion of net sales, and operating income before $9.3 billion of write-downs was $4.6 billion.
- Is Kraft Heinz profitable?
- Kraft Heinz reported a net loss of $5.8 billion in FY2025, after $9.3 billion of non-cash write-downs of goodwill and brands, against net income of $2.7 billion in FY2024. In Q3 FY2026, the quarter ended Sep 26, 2026, Kraft Heinz's net income was $544 million.
- What is Kraft Heinz's revenue by segment?
- Kraft Heinz's FY2025 net sales of $24.9 billion came from North America ($18.6 billion, 74.5%), Europe and Pacific Developed Markets ($3.8 billion, 15.3%) and Emerging Markets ($2.5 billion, 10.2%), on the three-segment basis Kraft Heinz adopted in Q3 2026.
- Who owns Kraft Heinz?
- Kraft Heinz has one class of common stock with one vote per share. Berkshire Hathaway held 27.45% in Kraft Heinz's 2026 proxy (share count of Mar 16, 2026), and Kraft Heinz's directors and executive officers held under 1%.
- Who are Kraft Heinz's customers?
- Kraft Heinz sells to grocery chains, wholesalers, club, convenience and drug stores, mass merchants, online retailers, foodservice distributors and institutions. Walmart was about 21% of Kraft Heinz's net sales in FY2025, FY2024 and FY2023.
- How much does Kraft Heinz earn from ketchup and other condiments?
- Kraft Heinz's Taste Elevation products, which are condiments, sauces, dressings and spreads such as Heinz ketchup, had net sales of $11.3 billion in FY2025, 45.2% of the company's total.
- How much does Kraft Heinz earn from Kraft Mac & Cheese and other meals?
- Kraft Heinz's Easy Ready Meals products, which include Kraft Mac & Cheese, frozen potatoes and frozen meals, had net sales of $4.1 billion in FY2025, 16.3% of the company's total.
- How much does Kraft Heinz earn from meats, cheese, drinks, coffee, snacks and desserts?
- In FY2025 Kraft Heinz's meats such as Oscar Mayer had net sales of $1.9 billion, cheese $1.7 billion, drinks $2.1 billion, coffee $0.9 billion, snacks such as Lunchables $1.5 billion and desserts $1.1 billion, together 36.9% of the company's $24.9 billion of net sales.
- How much of Kraft Heinz's revenue comes from outside the US?
- Kraft Heinz earned 67.3% of its FY2025 net sales in the US and 32.7% elsewhere. Canada was 7.2% of Kraft Heinz's FY2025 net sales and the United Kingdom 5.1%.
Terms on this page
- Capital expenditures (capex)
- Customer concentration
- Debt-to-equity
- Earnings per share (EPS)
- EBITDA
- Free cash flow
- Market cap
- Net debt
- Net margin
- Revenue vs net income
Each explains the term in plain English, with the same number from other companies on Cityfort.
Go deeper
More detail from the same filings. Open any section.
13What it sells
13What it sells
What does Kraft Heinz sell?
Taste Elevation ($11.3B in FY2025)
Condiments, sauces, dressings and spreads, such as Heinz ketchup. 45.2% of FY2025 net sales.
Easy Ready Meals ($4.1B)
Kraft Mac & Cheese, frozen potatoes such as Ore-Ida, and frozen meals. 16.3% of net sales.
Hydration ($2.1B)
Ready-to-drink and powdered drinks. 8.4% of net sales.
Meats ($1.9B)
Meats such as Oscar Mayer. 7.7% of net sales.
Cheese ($1.7B)
Cheese products. 6.6% of net sales.
Substantial Snacking ($1.5B)
Lunchables, frozen snacks and pickles. 6.1% of net sales.
Desserts ($1.1B)
Desserts such as Jell-O. 4.5% of net sales.
Coffee ($0.9B)
Coffee such as Maxwell House. 3.5% of net sales; other products made up the last 1.6%.
What it does
- Does: Sells in more than 40 countries; the US was 67.3% of FY2025 net sales
- Does: Runs 69 manufacturing and processing plants, 65 of them owned (Dec 27, 2025)
- Does: Sells through its own sales force and through brokers and distributors
- Does: Employs about 35,000 people in 40 countries, about 16,000 of them in the US
What it does not do
- Does not: Does not run its own stores: retailers and foodservice distributors sell to consumers
- Does not: Does not own Capri Sun: it sells it under a license
- Does not: No longer owns its Italian baby food brands Plasmon and Nipiol: their sale closed on Dec 31, 2025
- Does not: Has not split into two companies: the Board paused that plan on Feb 11, 2026
14How the money flows
14How the money flows · FY2025
How does money flow through Kraft Heinz?
Money in
- Net sales$24.9B
- Other income$171M
The company
Kraft Heinz
$25.1B came in
Money out
- Cost of products sold (ingredients, packaging, plants)$16.6B
- Selling, general and administrative costs, before write-downs$3.7B
- Goodwill and brand write-downs (non-cash impairments)$9.3B
- Interest$947M
- Income tax$403M
- Net loss attributable to Kraft Heinz−$5.8B
- Customers paid Kraft Heinz $24.9 billion of net sales in FY2025, and other income added $171 million.
- Making the products took $16.6 billion, and selling and running the company $3.7 billion.
- That left $4.6 billion of operating income before write-downs; $9.3 billion of goodwill and brand write-downs turned it into a $4.7 billion operating loss.
- Interest took $947 million and income tax $403 million.
- The result was a net loss of $5.8 billion for Kraft Heinz's shareholders.
15What it needs to run
15What it needs to run
What does Kraft Heinz need to run?
Plants
69 manufacturing and processing plants at Dec 27, 2025, 65 owned and 4 leased; 34 of them in North America. Capital spending was $801 million in FY2025.
Ingredients and packaging
Dairy, meat, sugar, coffee beans, tomatoes, soybean and vegetable oils, eggs and wheat, plus packaging. Cost of products sold was $16.6 billion in FY2025.
Brands
Goodwill and other intangible assets, mostly brand values, were $51,977 million of $72,228 million of total assets at Sep 26, 2026 (72.0%).
People
About 35,000 employees in 40 countries, about 16,000 of them in the US.
16Where it sells
16Where it sells · FY2025
Where does Kraft Heinz sell?
- United States67%
- Canada7%
- United Kingdom5%
- All other countries20%
17Competitors and what protects it
17Competitors and what protects it
Who does Kraft Heinz compete with?
Mondelez International
NASDAQ: MDLZ
In Kraft Heinz's 2026 proxy peer group. Mondelez's FY2025 10-K reports revenue of $38.5 billion and operating income of $3.5 billion.
General Mills
In Kraft Heinz's 2026 proxy peer group. General Mills' 10-K for the year ended May 31, 2026 reports revenue of $18.4 billion and operating income of $0.9 billion.
Conagra Brands
In Kraft Heinz's 2026 proxy peer group. Conagra's 10-K for the year ended May 31, 2026 reports revenue of $11.3 billion and an operating loss of $1.6 billion.
The Campbell's Company
In Kraft Heinz's 2026 proxy peer group. Campbell's 10-K for the year ended Aug 2, 2026 reports revenue of $9.7 billion and operating income of $0.9 billion.
What protects the business
Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.
- Scale3 of 5
FY2025 net sales were $24.9 billion from 69 plants and about 35,000 employees, against $38.5 billion for Mondelez and $18.4 billion for General Mills in their latest fiscal years.
- Brands3 of 5
Condiments, sauces, dressings and spreads were 45.2% of FY2025 net sales, and price added 0.7 points to organic growth. But brand values were written down by $2.6 billion in FY2025, including $1.9 billion for the Kraft brand.
- Place on store shelves3 of 5
Kraft Heinz sells through grocery, mass, club, convenience, drug and online stores and foodservice; Walmart alone paid about 21% of FY2025 net sales.
Weak spot
Falling volumes in North America
North America's net sales fell from $20.1 billion in FY2023 to $18.6 billion in FY2025; in FY2025 volume and mix took 5.0 points off its organic growth, while price added 0.3.
Sources (7)
- Proxy statement (DEF 14A) for the 2026 annual meeting
- Mondelez International Form 10-K, fiscal year 2025 (filing index)
- General Mills Form 10-K, fiscal 2026 (ended May 31, 2026) (filing index)
- Conagra Brands Form 10-K, fiscal 2026 (ended May 31, 2026) (filing index)
- The Campbell's Company Form 10-K, fiscal 2026 (ended Aug 2, 2026) (filing index)
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- 8-K Item 8.01: change in reportable segments, with recast segment data for 2023 to Q2 2026 (Exhibit 99.1)
18Where growth could come from
18Where growth could come from
Where could Kraft Heinz's growth come from?
Kraft Heinz said in its Q3 FY2026 earnings release (Nov 4, 2026) that it expects 2026 organic net sales to change by −0.5% to −1.25%, constant-currency adjusted operating income to fall 16% to 18%, adjusted EPS of $2.07 to $2.13 and free cash flow conversion of about 110%. These are the company's own (non-GAAPThe company's own "adjusted" numbers, not the official (GAAP) ones. Always read them next to the official figure. Learn more) measures; in February 2026 it had given −1.5% to −3.5% for organic net sales and $1.98 to $2.10 for adjusted EPS.
Emerging Markets
WorkingNet sales $720M vs $632M, Q3 FY2026
Emerging Markets' organic net sales grew 15.6% in Q3 FY2026, with price adding 7.2 points and volume and mix 8.4. On Nov 4, 2026 the CEO said the plan is to accelerate growth internationally.
Status: Working, on track against what the company said.
Turning around the US business
MixedNorth America organic −3.2%, Q3 FY2026
North America's net sales were $4,485 million in Q3 FY2026, against $4,641 million a year earlier, and its segment profit $911 million, against $1,018 million. On Nov 4, 2026 the CEO said the plan to turn around the US business is on track.
Status: Mixed, partly on track.
More spending on marketing, sales and R&D
NewAbout $700M planned for 2026
On Feb 11, 2026 Kraft Heinz announced a $600 million investment in marketing, sales and R&D, product superiority and select pricing; by Q3 it put the amount at about $700 million. Selling, general and administrative costs before write-downs were $1,041 million in Q3 FY2026, against $930 million a year earlier.
Status: New, recently announced.
Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.
19The company's own measures (non-GAAP)
19The company's own measures · FY2025 and Q3 FY2026
What do Kraft Heinz's own measures show?
Official (GAAP): Operating loss, FY2025
−$4.7B
Company's own measure: Adjusted Operating Income, FY2025
$4.7B
Kraft Heinz's measure leaves out $9,306 million of write-downs, restructuring, separation costs and unrealized commodity hedge results.
Official (GAAP): Diluted EPS, FY2025
−$4.93
Company's own measure: Adjusted EPS, FY2025
$2.60
Same exclusions as Adjusted Operating Income, after tax. FY2024 Adjusted EPS was $3.06 against diluted EPS of $2.26.
Official (GAAP): Reported net sales growth, FY2025
−3.5%
Company's own measure: Organic net sales growth, FY2025
−3.4%
Kraft Heinz's organic measure leaves out currency moves, acquisitions and divestitures, and the 53rd week in years that have one. Price added 0.7 points and volume and mix took off 4.1.
Official (GAAP): Reported net sales growth, Q3 FY2026
−2.0%
Company's own measure: Organic net sales growth, Q3 FY2026
−1.1%
Same measure for the quarter: price added 0.0 points and volume and mix took off 1.1.
Official (GAAP): Diluted EPS, Q3 FY2026
$0.46
Company's own measure: Adjusted EPS, Q3 FY2026
$0.53
Leaves out $72 million of write-downs, separation and restructuring costs and unrealized commodity hedge gains.
Official (GAAP): Cash from operations, FY2025
$4.5B
Company's own measure: Free Cash Flow, FY2025
$3.7B
Kraft Heinz subtracts capital spending, the same formula this page uses. It puts Free Cash Flow conversion (Free Cash Flow ÷ adjusted net income) at 119%.
These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.
Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out
20Financial strength and debt
20Financial strength · Sep 26, 2026
How much debt does Kraft Heinz have?
- Total debt$18.0B
- Cash and investments$1.9B
- Net debt (debt minus cash)$16.1B
- Net worth (shareholders' money)$36.0B
- Debt to equity
- 0.5×
- $ of debt for every $1 of shareholders' money
- Debt is the current portion of long-term debt ($918 million) plus long-term debt ($17,085 million). Cash is $1,888 million plus $16 million of marketable securities. Net debt is a Cityfort calculation from the Q3 FY2026 10-Q; the years of cash flow are a Cityfort calculation from the Q3 FY2026 10-Q and the FY2025 10-K.
- Net debt was $17.5 billion at FY2025 year end (Cityfort calculation from the FY2025 10-K). In 2026 Kraft Heinz bought back $1.4 billion of 2046 notes in a tender offer, redeemed $1.0 billion of 2027 notes and issued €1.0 billion of new notes due 2031 and 2034.
- Goodwill and other intangible assets were $51,977 million of $72,228 million of total assets at Sep 26, 2026. Shareholders' equity fell from $41,664 million at FY2025 year end after the Q2 FY2026 write-downs.
- A $4.0 billion revolving credit facility running to Jul 8, 2031 was undrawn, and no commercial paper was outstanding (Q3 FY2026 10-Q).
- Operating lease liabilities ($553 million at FY2025 year end) are not counted as debt here.
Sources (5)
- Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026)
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- 8-K Item 7.01: cash tender offer for 2046 and 2049 notes
- 8-K Item 1.01: issue of EUR 500M 3.500% notes due 2031 and EUR 500M 3.950% notes due 2034
- 8-K Item 7.01: partial redemption of $1 billion of 3.875% notes due 2027
21Who owns it
21Who owns it · ownership as of Mar 16, 2026
Who owns Kraft Heinz?
- Officers and directors (as a group), shares
- 0.2%
Share classes
Holders of 5% or more
From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.
Insider trades · Form 4 data as of Nov 6, 2026
What did Kraft Heinz's insiders report trading?
Kraft Heinz's insiders made 25 Form 4 filings in the 12 months to Nov 6, 2026.
They reported 1 purchase (213,106 shares) and 5 sales (282,538 shares) in the open market or privately (codes P and S).
4 of the 5 sales were on forms with the Rule 10b5-1 plan box checked.
The same filings report 51 other share transactions (A: 43, F: 8).
Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.
- P
- a purchase in the open market or privately
- S
- a sale in the open market or privately
- A
- a grant, award or other acquisition from the company under Rule 16b-3
- F
- shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
Code meanings: General Instruction 8 of Form 4 (SEC).
The latest 25 of 57 transactions
Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of Kraft Heinz's Form 4 filings on EDGAR.
Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades
Sources (5)
- Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026)
- Proxy statement (DEF 14A) for the 2026 annual meeting
- 8-K Item 8.01: resale prospectus supplement registering Berkshire Hathaway's 325,442,152 shares
- Schedule 13G/A: The Vanguard Group (0 shares after internal realignment)
- Schedule 13G: Vanguard Capital Management (5.34%, event date Mar 31, 2026)
22What it does with profit
22What it does with profit
What does Kraft Heinz do with its profit?
Dividend per share
$1.60FY2025
Dividend paid for each share, by financial year.
$ per share
See the numbers
Buyback · Dec 25, 2021
FY2021: share repurchases of $271 million.
$271M
Buyback · Dec 31, 2022
FY2022: share repurchases of $280 million.
$280M
Buyback · Dec 30, 2023
FY2023: share repurchases of $455 million.
$455M
Buyback · Dec 28, 2024
FY2024: share repurchases of $988 million.
$988M
Buyback · Dec 27, 2025
FY2025: share repurchases of $436 million, about $400 million of them under the $3.0 billion program.
$436M
Buyback · Sep 26, 2026
First nine months of FY2026: share repurchases of $79 million, none under the program.
$79M
23Governance signals
23Governance signals
What do Kraft Heinz's governance filings show?
- Auditor
- PricewaterhouseCoopers LLP
- Auditor changes
- None in the period covered
- Audit qualifications
- None reported
- Related-party dealings
- Berkshire Hathaway, the largest holder at 27.45%, has registration rights under a 2015 agreement. On Jan 20, 2026 Kraft Heinz filed a prospectus supplement registering all 325,442,152 of its shares for possible resale; the company said this is not itself a sale. Two Berkshire-affiliated directors left the Board in May 2025.
- Credit rating
- S&P Global Ratings, Moody's and Fitch (as stated in the Q3 FY2026 10-Q) BBB (S&P) / Baa2 (Moody's) / BBB (Fitch) (Negative (S&P and Fitch); stable (Moody's)), Nov 4, 2026
A credit rating describes the company's ability to repay debt. It is not a rating of the share.
Flags to know about
other · Feb 11, 2026
Split into two companies announced, then paused
On Sep 2, 2025 Kraft Heinz announced a plan to separate into two companies by the second half of 2026. On Feb 11, 2026 it said it would pause work on the separation.
other
Credit rating outlooks
In February 2026 Moody's had its Baa2 rating under review for downgrade and Fitch had its BBB rating on watch negative. By Nov 4, 2026, S&P and Fitch rated Kraft Heinz BBB with negative outlooks, and Moody's Baa2 with a stable outlook.
other
Leadership changes
Steve Cahillane became CEO on Jan 1, 2026. Pedro Navio, President North America, stepped down from his role in February 2026 and Cory Onell, Chief Omnichannel Sales and Asia Emerging Markets Officer, in June 2026; both stayed on as advisers for a time. General Counsel Angel S. Willis resigned effective Oct 20, 2026. Kelly Dilts and Mike Schlotman joined the Board on Nov 4, 2026.
regulatory
Environmental case in Brazil
A Goiás state environmental agency fined Kraft Heinz in Brazil over alleged pollution of the Capivara stream; the administrative case ended in October 2026 and the company sued to challenge it. In a related civil action brought by a local Public Prosecutor, a lower court imposed a reduced penalty after a retrial, which the company is appealing. In March 2026 the Public Prosecutor filed a criminal complaint against the company and two former plant-level employees over the same alleged stream pollution. Kraft Heinz says it does not expect the cost of resolving either matter to be material.
other · Sep 14, 2026
Listing moved to the NYSE
Kraft Heinz moved its common stock listing from Nasdaq to the New York Stock Exchange; trading on the NYSE began on Sep 14, 2026.
disclosure
Segments changed in 2026
In Q3 2026 Kraft Heinz moved to three segments and recast FY2023 to Q2 FY2026 on the new basis. Segment figures before FY2023 on this basis are not available, and the FY2025 10-K shows the old segments.
Sources (13)
- Proxy statement (DEF 14A) for the 2026 annual meeting
- 8-K Item 8.01: resale prospectus supplement registering Berkshire Hathaway's 325,442,152 shares
- Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026)
- 8-K Items 5.02/7.01: plan to separate into two companies (press release, Exhibit 99.1)
- Earnings release, Q4 and full year 2025 (8-K Exhibit 99.1)
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- 8-K Item 5.02: Steve Cahillane named CEO from Jan 1, 2026; offer letter terms
- 8-K Item 5.02: Pedro Navio, President North America, steps down
- 8-K Item 5.02: Cory Onell, Chief Omnichannel Sales and Asia Emerging Markets Officer, steps down
- 8-K Item 5.02: General Counsel Angel S. Willis resigns
- 8-K Items 5.02/7.01: Kelly Dilts and Mike Schlotman join the Board
- 8-K Item 3.01: transfer of the common stock listing from Nasdaq to the NYSE
- 8-K Item 8.01: change in reportable segments, with recast segment data for 2023 to Q2 2026 (Exhibit 99.1)
24What the market paid
24What the market paid · price as of Nov 5, 2026
What did the market pay for Kraft Heinz on Nov 5, 2026?
Price as of Nov 5, 2026 (shown for education; prices change daily).
Price as of Nov 5, 2026: Kraft Heinz closed at $25.32, from Nasdaq's historical price table (the stock has traded on the NYSE since Sep 14, 2026). Times 1,183.83 million shares (Oct 31, 2026), that is a market value of about $30.0 billion (Cityfort calculation from the Nov 5, 2026 closing price and the Q3 FY2026 10-Q). P/E is price ÷ earnings per share; it is not shown because diluted EPS was negative: −$4.93 in FY2025 and −$2.92 in the four quarters to Q3 FY2026 (Cityfort calculation from the Q4 FY2025 to Q3 FY2026 earnings releases). P/B is price ÷ book value per share: 0.83, on $36.0 billion of shareholders' equity at Sep 26, 2026. Dividend yield as of the same date: 6.32%, on $1.60 of dividends a year ($0.40 a quarter).
- Share price
- $25.32
- Market value (market cap)
- $30.0B
- P/B
- 0.8×
More price-based ratios · as of Nov 5, 2026
Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.
Price to sales (P/S)
1.2×
$30.0B market value ÷ $24.8B revenue (four quarters to Sep 26, 2026) = 1.2×
Cityfort calculation from the Nov 5, 2026 closing price and the Q4 FY2025 to Q3 FY2026 10-Qs and earnings releases. Source: KHC historical daily prices, Nasdaq historical data (close of Nov 5, 2026: $25.32); Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026); Form 10-K, fiscal year 2025 (ended Dec 27, 2025) and 4 more
How price ratios workFree cash flow yield
12.2%
$3.7B free cash flow (FY2025) ÷ $30.0B market value = 12.2%
Cityfort calculation from the FY2025 10-K and the Nov 5, 2026 closing price. Source: KHC historical daily prices, Nasdaq historical data (close of Nov 5, 2026: $25.32); Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026); Form 10-K, fiscal year 2025 (ended Dec 27, 2025) and 4 more
What free cash flow means
Shares used for the market value: 1,183.83 million ($25.32 × 1,183.83 million shares ≈ $30.0B). Source: Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026); Proxy statement (DEF 14A) for the 2026 annual meeting
Source: KHC historical daily prices, Nasdaq historical data (close of Nov 5, 2026: $25.32); Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026); Form 10-K, fiscal year 2025 (ended Dec 27, 2025) and 4 more
Sources (8)
- KHC historical daily prices, Nasdaq historical data (close of Nov 5, 2026: $25.32)
- Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026)
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- Earnings release, Q4 and full year 2025 (8-K Exhibit 99.1)
- Earnings release, Q1 2026 (8-K Exhibit 99.1)
- Earnings release, Q2 2026 (8-K Exhibit 99.1)
- Earnings release, Q3 2026 (8-K Exhibit 99.1)
- Proxy statement (DEF 14A) for the 2026 annual meeting
25How it got here
25How it got here
How did Kraft Heinz get here?
2015
Business-model change
Kraft and Heinz merge
Kraft Heinz was formed on Jul 2, 2015, when Kraft Foods Group merged into a subsidiary of H.J. Heinz Holding.
2021
Business-model change
Nuts and cheese businesses sold
Kraft Heinz sold its nuts business to Hormel and cheese assets to Lactalis, receiving $5.0 billion in FY2021, and repaid $6.2 billion of long-term debt that year.
2023
Milestone
$3.0 billion buyback program
The Board approved a $3.0 billion share repurchase program on Nov 27, 2023, running to Dec 26, 2026.
2025
Crisis
$9.3 billion of write-downs
A fall in the share price and market value led to write-downs of goodwill and brands such as Kraft, Velveeta and Lunchables, mostly in Q2 2025, and a $5.8 billion net loss for FY2025.
2025
Business-model change
Plan to split into two companies
On Sep 2, 2025 Kraft Heinz announced a plan to separate into a global sauces and condiments company and a North American grocery company.
2026
Business-model change
New CEO pauses the split
Steve Cahillane became CEO on Jan 1, 2026. On Feb 11, 2026 the company paused the separation and announced a $600 million investment in marketing, sales and R&D.
2026
Crisis
$7.4 billion more write-downs
In Q2 2026 Kraft Heinz wrote down $2.4 billion of goodwill and $4.9 billion of brands, including $3.4 billion for the Kraft brand.
2026
Milestone
Move to the NYSE
Kraft Heinz's common stock began trading on the New York Stock Exchange on Sep 14, 2026, after leaving Nasdaq.
Sources (8)
- Form 10-K, fiscal year 2025 (ended Dec 27, 2025)
- Form 10-K, fiscal year 2023 (ended Dec 30, 2023)
- Earnings release, Q4 and full year 2025 (8-K Exhibit 99.1)
- 8-K Items 5.02/7.01: plan to separate into two companies (press release, Exhibit 99.1)
- 8-K Item 5.02: Steve Cahillane named CEO from Jan 1, 2026; offer letter terms
- Earnings release, Q2 2026 (8-K Exhibit 99.1)
- Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026)
- 8-K Item 3.01: transfer of the common stock listing from Nasdaq to the NYSE
26Sources and changes
Where every number on this page comes from
Sources (31 documents)
- S1Form 10-K, fiscal year 2025 (ended Dec 27, 2025) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Feb 12, 2026
- S2Form 10-K, fiscal year 2023 (ended Dec 30, 2023) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Feb 15, 2024
- S3Form 10-Q, Q3 fiscal 2026 (quarter ended Sep 26, 2026) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Nov 4, 2026
- S6Earnings release, Q3 2026 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Nov 4, 2026
- S7Earnings release, Q2 2026 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Aug 5, 2026
- S8Earnings release, Q1 2026 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · May 6, 2026
- S9Earnings release, Q4 and full year 2025 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Feb 11, 2026
- S10Earnings release, Q3 2025 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Oct 29, 2025
- S11Earnings release, Q2 2025 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Jul 30, 2025
- S12Earnings release, Q1 2025 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Apr 29, 2025
- S13Earnings release, Q4 and full year 2024 (8-K Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Feb 12, 2025
- S148-K Item 8.01: change in reportable segments, with recast segment data for 2023 to Q2 2026 (Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Oct 7, 2026
- S15Proxy statement (DEF 14A) for the 2026 annual meeting · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Apr 3, 2026
- S16Schedule 13G: Vanguard Capital Management (5.34%, event date Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
- S17Schedule 13G/A: The Vanguard Group (0 shares after internal realignment) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 27, 2026
- S188-K Items 5.02/7.01: plan to separate into two companies (press release, Exhibit 99.1) · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Sep 2, 2025
- S198-K Item 5.02: Steve Cahillane named CEO from Jan 1, 2026; offer letter terms · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Dec 16, 2025
- S208-K Item 8.01: resale prospectus supplement registering Berkshire Hathaway's 325,442,152 shares · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Jan 20, 2026
- S218-K Item 3.01: transfer of the common stock listing from Nasdaq to the NYSE · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Aug 26, 2026
- S228-K Item 7.01: cash tender offer for 2046 and 2049 notes · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · May 7, 2026
- S238-K Item 1.01: issue of EUR 500M 3.500% notes due 2031 and EUR 500M 3.950% notes due 2034 · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · May 21, 2026
- S248-K Item 7.01: partial redemption of $1 billion of 3.875% notes due 2027 · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Jun 8, 2026
- S258-K Items 5.02/7.01: Kelly Dilts and Mike Schlotman join the Board · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Nov 4, 2026
- S268-K Item 5.02: General Counsel Angel S. Willis resigns · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Oct 6, 2026
- S278-K Item 5.02: Pedro Navio, President North America, steps down · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2026
- S288-K Item 5.02: Cory Onell, Chief Omnichannel Sales and Asia Emerging Markets Officer, steps down · The Kraft Heinz Company (SEC EDGAR) · Tier 1: company or exchange filing · Jun 18, 2026
- S29KHC historical daily prices, Nasdaq historical data (close of Nov 5, 2026: $25.32) · Nasdaq, Inc. · Tier 1: company or exchange filing · Nov 5, 2026
- S32General Mills Form 10-K, fiscal 2026 (ended May 31, 2026) (filing index) · General Mills, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 1, 2026
- S33Conagra Brands Form 10-K, fiscal 2026 (ended May 31, 2026) (filing index) · Conagra Brands, Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jul 15, 2026
- S34The Campbell's Company Form 10-K, fiscal 2026 (ended Aug 2, 2026) (filing index) · The Campbell's Company (SEC EDGAR) · Tier 1: company or exchange filing · Sep 24, 2026
- S35Mondelez International Form 10-K, fiscal year 2025 (filing index) · Mondelez International (SEC EDGAR) · Tier 1: company or exchange filing · Feb 4, 2026
Changes to this page (v1 · Nov 6, 2026)
- v1 · Nov 6, 2026First version, through Q3 FY2026 (quarter ended Sep 26, 2026). (first version)
Numbers come only from tier 1 and tier 2 sources. Read how we research.
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