11:44 PM Company (NASDAQ: KHC) Hold (2) ESG $20.00 Cold Weather Provides A Report THE TD COWEN INSIGHT Kraft Heinz' 1Q sales -0.4% and EPS of $0.58 were above their low expectations, mostly due to a 1.5% benefit from winter storms. The favorable start to the year, the conservative 2Q guide, and the flexibility to deploy $600M of investment increases our confidence in 2026. However, we remain cautious on 2027 given limited pricing power to offset inflation and structural weaknesses in the portfolio. 1Q Results Details Organic growth of -0.4% (FS -2.7%) included 0.8% from price and -1.2% from volume. The growth rate included 1% for early for winter weather.