Kraft Heinz reaffirms FY26 adjusted EPS view $1.98-$2.10, consensus $2.04

The company said, “For fiscal year 2026, the Company is reaffirming its outlook. The Company continues to expect: Organic Net Sales down 1.5 percent to down 3.5 percent versus the prior year. This includes an approximate 100 basis point impact from incremental SNAP headwinds. Constant Currency Adjusted Operating Income down 14 percent to down 18 percent versus the prior year. This includes incremental investments of approximately $600 million across marketing, sales, and R&D, as well as product superiority and price. It also includes the impact of lapping lower variable compensation in 2025, which is an approximate 300 basis point headwind. This contemplates an Adjusted Gross Profit Margin that is expected to be down 25 basis points to down 75 basis points versus the prior year. Adjusted EPS in the range of $1.98 to $2.10. The Company now expects an effective tax rate on Adjusted EPS to be approximately 25 percent. Additionally, the Company now expects interest expense to be approximately $920 million and other expense to be approximately $200 million of income for the full year. Free Cash Flow Conversion of approximately 100 percent.”