Filing Flows › Kraft Heinz (KHC) › Q2 2026 › vs Q1 2026
Kraft Heinz (KHC) Q2 2026 vs Q1 2026 (quarter over quarter)
Kraft Heinz's revenue rose $215M (+4%) from $6.0B in Q1 2026 to $6.3B in Q2 2026. The biggest changes: Condiments, Sauces, and Spreads +$195M (+7%); Refreshment Beverages +$82.0M (+16%); Ambient Meals and Sides −$68.0M (-9%).
Kraft Heinz, Q2 2026: revenue $6.3B (-1% year over year), operating margin -102.7%, net loss $5.5B, operating cash flow $1.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 14.3% | 12.7% | +1.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Condiments, Sauces, and Spreads | $2.9B | $2.7B | $195M | +7% |
| Ambient Meals and Sides | $679M | $747M | −$68.0M | -9% |
| Refreshment Beverages | $584M | $502M | $82.0M | +16% |
| Meats | $481M | $459M | $22.0M | +5% |
| Cheese | $396M | $390M | $6.0M | +2% |
| Frozen Meals and Sides | $363M | $402M | −$39.0M | -10% |
| Refrigerated Snacks | $298M | $283M | $15.0M | +5% |
| Desserts | $281M | $244M | $37.0M | +15% |
| Coffee | $225M | $232M | −$7.0M | -3% |
| Other Category | $58.0M | $86.0M | −$28.0M | -33% |
| Revenue | $6.3B | $6.0B | $215M | +4% |
| Other income, net | $55.0M | −$135M | $190M | — |
| Income tax benefit | $916M | −$211M | $1.1B | — |
| Net loss | $5.5B | −$799M | $6.3B | — |
| Costs & expenses | $12.7B | $6.0B | $6.6B | +110% |
| Operating costs | $12.7B | $4.9B | $7.8B | +159% |
| Cost of revenue | $4.2B | $3.8B | $406M | +11% |
| Operating expenses | $8.5B | $1.1B | $7.4B | +688% |
| Operating cash sources | $6.5B | $207M | $6.3B | 32× |
| Depreciation & amortization | $261M | $245M | $16.0M | +7% |
| Share-based compensation | $31.0M | $22.0M | $9.0M | +41% |
| Working capital & other | $6.2B | −$60.0M | $6.3B | — |
| Net loss absorbed | $5.5B | −$799M | $6.3B | — |
| Operating cash flow | $1.1B | $1.0B | $76.0M | +8% |
| Free cash flow (OCF − capex) | $893M | $766M | $127M | +17% |
| Capital expenditures | $189M | $240M | −$51.0M | -21% |
Questions
How much did Kraft Heinz's revenue grow quarter over quarter in Q2 2026?
Kraft Heinz's revenue rose $215M (+4%) from $6.0B in Q1 2026 to $6.3B in Q2 2026.
What drove Kraft Heinz's revenue change in Q2 2026?
Condiments, Sauces, and Spreads +$195M (+7%); Refreshment Beverages +$82.0M (+16%); Ambient Meals and Sides −$68.0M (-9%).