Kraft Heinz Q2 FY2026: $5.46 billion loss on $7.4 billion write-down
Kraft Heinz's second quarter of fiscal 2026 looks ugly at the bottom line — a $5.46 billion net loss — but almost all of it is a $7.4 billion non-cash impairment. Strip that out and adjusted EPS of $0.56 beat the $0.5344 consensus, yet adjusted operating income still fell 18.4%. Read the quarter as two stories: write-downs versus a shrinking profit engine.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was a loss of $4.60, versus a $6.60 loss a year earlier, because impairment losses were $1.9 billion lower. Adjusted EPS of $0.56 beat the $0.5344 consensus but fell 18.8% year over year. The gap between the two lines is the story: the write-downs are accounting, the adjusted decline is business.
Net sales of $6.26 billion slipped 1.4% from $6.35 billion a year ago, and organic net sales fell 1.3%. Price added 1.3 percentage points, so the problem is volume/mix, which dropped 2.6 percentage points. North America fell 2.7% while Emerging Markets grew 10.4%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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