Food and beverage conglomerate Kraft Heinz has called a quarterly decline in sales one that exceeded expectations.
The company achieved second-quarter sales of $8.9 billion (US$6.26 billion), down 1.4 per cent from the previous year. However, its quarterly loss fell from $11.1 billion last year to $7.7 billion.
“We delivered another solid quarter, with results that exceeded our expectations across US retail, global away from home, and emerging Markets,” said Steve Cahillane, CEO of Kraft Heinz. “Our brands are resonating with consumers, and our share performance is improving. The progress we are seeing gives us the confidence to raise our organic net sales outlook for the year.”
In February, Kraft Heinz announced a pause on the planned break-up of its company into two separate units. Cahillane said this pause was done so that the business could keep its focus on returning to profitable growth.
“We are also increasing our incremental investments by $100 million, to approximately $700 million in 2026,” he added. “We have seen that our brands respond well when we invest behind them. By accelerating these investments, we position the business even more favourably as we enter 2027.”
The company recorded $17.4 billion in sales across the fiscal half-year, narrowing its decline to just 0.3 per cent lower than the same period in 2025.
“I am proud of the progress our team has made. We are ahead of plan and remain focused on our ultimate goal to return the company to volume-led, sustainable and profitable growth,” Cahillane said.
