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Kraft Heinz (KHC) guidance and outlook

Kraft Heinz (KHC) raised some and lowered other parts of its guidance on Nov 4, 2026: Gross margin +10 bps for FY2026; EPS −$1.00 for FY2026; EPS +23.5% for FY2026; Interest expense $890M for FY2026. Kraft Heinz's 10-Q filed Nov 4, 2026 makes 12 forward-looking statements, 0 of them new and 5 no longer said since the filing before.

Guidance and outlook

12 statements; tone +0.08 (−1 all cautious, +1 all confident); 3 hedged.

Latest guidance

Metric	Period	Range	Change
Revenue	FY2026	+0.5%	new
Operating income	FY2026	+16%	new
Gross margin	FY2026	+10 bps	reaffirmed
EPS	FY2026	−$1.00	reaffirmed
EPS	FY2026	+23.5%	lowered
Interest expense	FY2026	$890M	new
Free cash flow	FY2026	+110%	reaffirmed
Interest expense	FY2026	$890M	reaffirmed

From the earnings release filed Nov 4, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Nov 4, 2026

However, we expect inflationary pressures to increase in the fourth quarter of 2026 due, in part, to the Iran Conflict, although there continues to be significant uncertainty.
However, there has been, and we expect that there could continue to be, a difference between the timing of when these beneficial, mitigative actions impact our results of operations and when the cost inflation is incurred.
As the situation is rapidly changing, we will continue to evaluate the potential impact that this conflict has on our business.
On September 2, 2025, we announced a plan to separate the Company into two independent, publicly traded companies through a tax-free spin-off (the “Separation”).
The timing of the Separation and whether it will be completed is uncertain and we cannot assure that the Separation will be completed on the anticipated timeline or at all or that the terms of the Separation will not change.
Under highly inflationary accounting, the financial statements of a subsidiary are remeasured into our reporting currency (U.S. dollars) based on the legally available exchange rate at which we expect to settle the underlying transactions.
We believe that cash generated from our operating activities, as well as our access to other potential sources of liquidity including our available-for-sale debt securities, commercial paper programs, and our Senior Credit Facility will provide sufficient liquidity to meet our working capital needs, repayments of long-term debt, future contractual obligations, payment of our anticipated quarterly dividends,…
We intend to use our cash on hand and commercial paper programs for daily funding requirements.
updated · We expect 2026 capital expenditures to be approximately $800 million compared to the 2025 capital expenditures of $801 million.
Our 2026 capital expenditures are expected to be primarily driven by maintenance projects, investments in technology, and capital investments focused on generating growth.
As of the date of this filing, our long-term debt is rated BBB with a negative outlook from S&P Global Ratings and Fitch Ratings, and Baa2 with a stable outlook from Moody’s Investor Services, Inc.
We select the assumptions used in the financial forecasts using historical data, supplemented by current and anticipated market conditions, estimated product category growth rates, management’s plans, and a consideration of market multiples of certain peer and guideline companies.

Kraft Heinz's latest quarter

Kraft Heinz, Q3 2026: revenue $6.1B (-2% year over year), operating margin 14.3%, net earnings $544M, operating cash flow $872M. The chart follows the revenue to costs, profit and cash.

Questions

Did Kraft Heinz raise or lower its guidance?

What does Kraft Heinz expect?

We expect 2026 capital expenditures to be approximately $800 million compared to the 2025 capital expenditures of $801 million.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.