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Kraft Heinz (KHC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Kraft Heinz (KHC) reported revenue of $6.0B for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and -5% from the quarter before. Operating margin was 18.9%, net earnings $799M (13.2% of revenue).
Kraft Heinz, Q1 2026: revenue $6.0B (+0.8% year over year), operating margin 18.9%, net earnings $799M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | -5% | +0.8% |
| Gross profit | $2.2B | +7% | +8% |
| Operating profit | $1.1B | +6% | -4% |
| Net earnings | $799M | +23% | +12% |
| Operating cash flow | $1.0B | -27% | +40% |
| Free cash flow | $766M | -35% | +59% |
What changed
Revenue was $6.0B in Q1 2026, up 1% year over year and down 5% from the previous quarter. Condiments, Sauces, and Spreads was the largest line at 45% of revenue. Condiments, Sauces, and Spreads added $0.10B year over year (up 4%), 198% of the total change. Other Category declined 21%.
Gross margin was 36.7%, up 2.3 points from Q1 2025. Operating profit was $1.1B, a 18.9% margin (down 1.0 points year over year). Operating profit fell $0.05B even though revenue rose $0.05B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 24% against revenue growth of 1%. Net earnings were $0.80B, up 12% year over year. The effective tax rate was 20.9%.
Operating cash flow was $1.0B (up 40% year over year), 126% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.24B left free cash flow of $0.77B.
Questions
What was Kraft Heinz's revenue in the first quarter 2026?
Kraft Heinz (KHC) reported revenue of $6.0B for the first quarter 2026 (Q1 2026), +0.8% from a year earlier and -5% from the quarter before.
Was Kraft Heinz profitable in the first quarter 2026?
Operating profit was $1.1B (18.9% of revenue) and net earnings $799M.
Source: Kraft Heinz 10-Q on SEC EDGAR.