Kraft Heinz Co

Company facts

Industry

Canned, Frozen & Preservd Fruit, Veg & Food Specialties

Headquarters

Pittsburgh, Pennsylvania

Most recent report

10-Q, filed Nov 4, 2026

Incorporated

Delaware

Filings on record

884 filings

On EDGAR

CIK 1637459

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 1 positive, 7 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Massive goodwill and intangible impairments, segment reorganization, and IRS tax dispute.
  Notable

  • Segment reorganization combined WEEM and AEM into Emerging Markets; moved European countries to Europe and Pacific Developed Markets.
  • Coffee business to be divested at $650M enterprise value; Kraft retains 30% non-controlling stake.
  • Trade payables program outstanding increased to $892M at September 26, 2026 from $755M at December 27, 2025.
  • Gain on debt extinguishment of $265 million from tender offer in Q2 2026.
  Negative

  • IRS proposes $1.2B in additional taxes and $340M in penalties for 2018-2022; company contests but outcome uncertain.
  • Total debt of $18.0 billion with fair value of $16.4 billion, indicating market discount of $1.6 billion.

• Management's Discussion (Item 2)

  Sales down, big impairments, $90M separation costs, $19.4B goodwill at risk, paused spin-off.
  Positive

  • Emerging Markets grew Organic Net Sales 15.6% in Q3 and 10.0% YTD, driven by volume and price.
  Notable

  • SNAP cuts are hurting demand; company expects continued negative impact on sales and market share.
  • Long-term debt fell from $21.2B to $18.0B, helped by a $265M gain on debt extinguishment.
  • No shares bought back in 2026; $1.5B authorization remains, but program ends Dec 2026.
  Negative

  • Net sales fell 2.0% in Q3 2026 and 0.9% YTD, driven by volume declines in North America.
  • Adjusted Operating Income fell 15.2% in both Q3 and YTD 2026, showing core profit pressure.
  • $19.4B goodwill in units with <5% fair value cushion; $9.3B brand value with zero cushion.

What changed: Sep 2026 vs. Jun 2026

About 6% of KHC's Sep 2026 10-Q is new information. 28 paragraphs were added, 198 changed, and 39 removed. Below are the most important lines SECSift identified.

• Item 2 83
• Item 1 76
• Item 4 3
• Item 3 1