Kraft Heinz Co. (NASDAQ: KHC) announced it would suspend its previously planned company separation and issued 2026 guidance that fell well short of analyst expectations.
The food manufacturer reported fourth-quarter adjusted earnings per share of $0.67, exceeding analyst estimates of $0.61. Revenue totaled $6.35 billion, slightly below the $6.38 billion consensus and down 3.4% from a year earlier. Organic sales declined 4.2%, worse than analysts’ expected drop of 3.72%.
Under new CEO Steve Cahillane, the company shifted its strategic focus toward restoring profitable growth. Kraft Heinz unveiled a $600 million investment plan across marketing, sales, and research and development, aimed particularly at revitalizing its U.S. operations.
For 2026, the company projected adjusted EPS of $1.98 to $2.10, significantly below analyst expectations of $2.49. Organic net sales are expected to decline between 1.5% and 3.5%, while adjusted operating profit is forecast to fall 14% to 18%.
For full-year 2025, Kraft Heinz reported a net loss of $5.85 billion compared to a profit of $2.74 billion in 2024, primarily due to $9.3 billion in non-cash impairment charges. Adjusted EPS for 2025 declined 15% to $2.60 from $3.06 in the prior year.
