Kraft Heinz reports $4.7 billion full-year operating loss; 2026 adjusted EPS $1.98-$2.10
Kraft Heinz reported fourth-quarter and full-year 2025 results, with a full-year operating loss of $4.7 billion driven by $9.3 billion in non-cash impairment losses. Net sales fell 3.5% for the year and 3.4% in the fourth quarter, and adjusted EPS fell in both periods. The company guided to lower 2026 adjusted EPS of $1.98 to $2.10 versus $2.60 in 2025, paused separation work, and plans a $600 million investment in marketing, sales, R&D, product and pricing.
Key points
- Full-year 2025 net sales fell 3.5% to $24.9 billion; operating loss of $4.7 billion; diluted EPS of $(4.93)
- Q4 2025 net sales fell 3.4% to $6.4 billion; adjusted EPS of $0.67, down 20.2%; diluted EPS of $0.55
- 2026 outlook: organic net sales down 1.5% to 3.5%; adjusted EPS $1.98 to $2.10; constant currency adjusted operating income down 14% to 18%
- Company paused work related to the separation and announced a $600 million investment across marketing, sales, R&D, product superiority and select pricing
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 11, 2026.
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