$KHC · Kraft Heinz Co
Kraft Heinz filed its Q3 FY2026 10-Q for the quarter ended September 26, 2026. Net sales declined 2.0% to $6.115B versus $6.237B a year ago, while organic net sales fell 1.1% on unfavorable volume/mix. GAAP diluted EPS was $0.46 (down 11.5%) and adjusted EPS was $0.53 (down 13.1% from $0.61). Nine-month results show a net loss attributable to common shareholders of $4.118B, driven by $2.510B of goodwill and $4.927B of intangible asset impairment losses.
- Q3 net sales fell 2.0% to $6.115B; organic net sales down 1.1% on unfavorable volume/mix.
- Adjusted EPS declined 13.1% to $0.53 from $0.61 a year earlier.
- GAAP diluted EPS was $0.46, down 11.5% from $0.52.
- Nine-month goodwill impairment losses totaled $2.510B and intangible asset impairments $4.927B.
- Nine-month net loss attributable to common shareholders was $4.118B versus $6.497B a year ago.
Extended-hours last trade $25.53, up 0.35% vs regular close and +0.27% vs price-at-filing, suggesting a muted reaction despite the sales and EPS declines.
Kraft Heinz's shrinking organic sales and $7.4B in nine-month impairment charges underscore persistent brand-value erosion in its core portfolio.
The volume/mix-driven organic decline and heavy impairment charges reflect continued pressure on legacy packaged-food brands amid private-label competition and shifting consumer preferences.
The filing flags the paused separation into two public companies and the risk of additional goodwill or indefinite-lived intangible asset impairments, plus exposure to tariffs, inflation, and commodity cost volatility.