Filing Flows › Kraft Heinz (KHC) › Q3 2026 › vs Q2 2026
Kraft Heinz (KHC) Q3 2026 vs Q2 2026 (quarter over quarter)
Kraft Heinz's revenue fell $147M (-2%) from $6.3B in Q2 2026 to $6.1B in Q3 2026. The biggest changes: Condiments, Sauces, and Spreads −$147M (-5%); Ambient Meals and Sides +$65.0M (+10%); Refreshment Beverages −$43.0M (-7%). Gross margin 32.5% against 32.4% (+0.1 pts).
Kraft Heinz, Q3 2026: revenue $6.1B (-2% year over year), operating margin 14.3%, net earnings $544M, operating cash flow $872M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 32.5% | 32.4% | +0.1 pts |
| Operating margin | 14.3% | -102.7% | +117.0 pts |
| Net margin | 8.9% | -87.2% | +96.1 pts |
| Free cash flow margin | 11.5% | 14.3% | -2.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Condiments, Sauces, and Spreads | $2.8B | $2.9B | −$147M | -5% |
| Ambient Meals and Sides | $744M | $679M | $65.0M | +10% |
| Refreshment Beverages | $541M | $584M | −$43.0M | -7% |
| Meats | $449M | $481M | −$32.0M | -7% |
| Cheese | $378M | $396M | −$18.0M | -5% |
| Frozen Meals and Sides | $354M | $363M | −$9.0M | -2% |
| Refrigerated Snacks | $327M | $298M | $29.0M | +10% |
| Desserts | $287M | $281M | $6.0M | +2% |
| Coffee | $211M | $225M | −$14.0M | -6% |
| Other Category | $74.0M | $58.0M | $16.0M | +28% |
| Revenue | $6.1B | $6.3B | −$147M | -2% |
| Gross profit | $2.0B | $2.0B | −$40.0M | -2% |
| Cost of revenue | $4.1B | $4.2B | −$107M | -3% |
| Operating profit | $875M | −$6.4B | $7.3B | — |
| Operating expenses | $1.1B | $8.5B | −$7.3B | -87% |
| Pre-tax earnings | $704M | −$6.4B | $7.1B | — |
| Other expense, net | $171M | −$55.0M | $226M | — |
| Loss borne by minority interests | $8.0M | $0 | $8.0M | — |
| Net earnings | $544M | −$5.5B | $6.0B | — |
| Income tax | $168M | −$916M | $1.1B | — |
| Depreciation & amortization | $262M | $261M | $1.0M | +0.4% |
| Share-based compensation | $23.0M | $31.0M | −$8.0M | -26% |
| Working capital & other | $43.0M | $6.2B | −$6.2B | -99% |
| Operating cash flow | $872M | $1.1B | −$210M | -19% |
| Free cash flow (OCF − capex) | $702M | $893M | −$191M | -21% |
| Capital expenditures | $170M | $189M | −$19.0M | -10% |
Questions
How much did Kraft Heinz's revenue grow quarter over quarter in Q3 2026?
Kraft Heinz's revenue fell $147M (-2%) from $6.3B in Q2 2026 to $6.1B in Q3 2026.
What drove Kraft Heinz's revenue change in Q3 2026?
Condiments, Sauces, and Spreads −$147M (-5%); Ambient Meals and Sides +$65.0M (+10%); Refreshment Beverages −$43.0M (-7%).