Update: Kraft Heinz Shares Fall After Q2 Adjusted Earnings, Sales Decline

MT Newswires Live

Aug 06

(Updates with recent stock movement in the headline and the first paragraph.)

Kraft Heinz (KHC) shares fell nearly 4% in Wednesday afternoon trading after the company reported lower Q2 adjusted earnings and net sales from a year earlier and narrowed its full-year adjusted earnings guidance range.

The company reported fiscal Q2 adjusted earnings Wednesday of $0.56 per diluted share, down from $0.69 a year earlier.

Analysts surveyed by FactSet expected $0.53.

Net sales for the fiscal quarter ended June 27 were $6.26 billion, down from $6.35 billion a year earlier.

Analysts expected $6.13 billion.

The company narrowed its fiscal 2026 adjusted EPS guidance to between $2.03 and $2.09, compared with $1.98 to $2.10 previously. Analysts expect $2.06.

Price: 25.61, Change: -1.03, Percent Change: -3.87

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