Kraft Heinz Co

Company facts

Industry

Canned, Frozen & Preservd Fruit, Veg & Food Specialties

Headquarters

Pittsburgh, Pennsylvania

Most recent report

8-K, filed Aug 26, 2026

Incorporated

Delaware

Filings on record

878 filings

On EDGAR

CIK 1637459

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 0 positive, 6 notable, and 7 negative flags.

• Financial Statements (Item 1)

  Massive $7.4B impairment hits; net loss $5.5B; core sales decline; debt actions; revived litigation.
  Notable

  • Trade payables program outstanding $868M at June 27, 2026, up from $755M.
  • Gain of $265M on debt extinguishment from $1.4B tender of 2046 notes in Q2 2026.
  Negative

  • $1.7B goodwill impairment in Q2 2026 - $788M Western Europe, $656M HDM, $725M AFH.
  • $18.2B goodwill (TE, AFH, HDM, WE) has less than 5% fair-value cushion after Q2 2026.
  • $4.9B intangible impairment in Q2 2026 - Kraft $3.4B, Oscar Mayer $660M, Lunchables $445M.
  • $12.8B of brands have 20% or less fair-value cushion, at risk of future impairment.

• Management's Discussion (Item 2)

  Impairment risk, declining sales and profit, paused spin-off, SNAP/tariff impact.
  Notable

  • New 10% global tariff imposed; refund of prior tariffs uncertain as company is not importer of record.
  • SNAP cuts reduce participant benefits; expected negative impact on demand and results.
  • Issued €1B in senior notes; repaid $1.9B maturing debt; tendered $1.4B of 2046 notes; redeemed $1B of 2027 notes.
  • No share repurchases in Q2 2026; $1.5B authorization remains; $0.40 quarterly dividend continued.
  Negative

  • Net sales down 1.4% in Q2 2026; volume/mix down 2.6pp, pricing up only 1.3pp.
  • Adjusted Operating Income fell 18.4% in Q2 to $1.0B; advertising and inflation outpaced pricing.
  • Impairment losses $7.4B in Q2; $18.2B of goodwill in reporting units with <5% headroom, high future risk.

What changed: Jun 2026 vs. Mar 2026

About 22% of KHC's Jun 2026 10-Q is new information. 91 paragraphs were added, 149 changed, and 20 removed. Below are the most important lines SECSift identified.

• Item 2 95
• Item 1 82
• Item 4 2
• Item 3 1