KRAFT Heinz reported adjusted earnings per share of 53 cents for Q3 2026, beating Wall Street consensus of 42 cents. Net sales reached $6.1 billion, slightly above the $6.09 billion estimate.
Organic revenue declined 1.1 percent in the quarter—better than the expected 1.9 percent contraction, suggesting the company is stemming top-line erosion.
The company raised full-year adjusted EPS guidance to $2.07-$2.13 from $2.03-$2.09. Full-year organic net sales guidance also improved, now projected to decline 0.5-1.25 percent versus the prior 0.5-2 percent range.
Adjusted operating profit guidance remains unchanged at a projected 16-18 percent decline for the fiscal year.
Kraft Heinz announced it will divest its North America coffee business while retaining a 30 percent stake in the divested entity.
