Disney’s parks initiative does not involve a roller coaster or resort expansion. Instead, the company is using grocery brands to create more reasons for visitors to spend inside its parks, resorts and cruise ships.
Disney and Kraft Heinz announced a multiyear alliance covering ten brands, including Heinz, Philadelphia and Kraft Mac & Cheese.
The partnership spans North American parks, Disney Cruise Line, studios and streaming platforms, with new menu items, themed experiences and branded condiment stations across hundreds of dining locations.
Financial terms were not disclosed.
Disney stock closed Thursday at $92.83, down 3.1%, while Kraft Heinz fell 2.3% to $25.36, suggesting investors see potential but little basis for changing earnings forecasts.
The agreement will reach Walt Disney World, Disneyland Resort and North American cruise sailings. Its first showcase is scheduled for Disney’s D23 fan event from August 14 to 16.
For Disney, the opportunity extends beyond supplying ketchup or cream cheese.
Branded menus can encourage food spending, while co-developed products and campaigns can link park visits with characters, franchises and streaming content.
Kraft Heinz gains access to Disney’s destinations and media reach, while Disney can refresh dining experiences without funding product-development or marketing effort alone.
The companies provided no contract value, revenue contribution, margin guidance or financial targets and the partnership should be treated as a potential sales tool rather than a confirmed earnings catalyst.
Goldman Sachs analyst Michael Ng maintained a Buy rating and a $163 price target, citing Orlando tourism data that indicated park demand.
Record May hotel and short-stay tax collections pointed to healthy visitor spending, while airport traffic broadly matched Goldman’s attendance expectations.
That backdrop improves Disney’s chances of converting themed dining into higher spending per guest.
Visitors willing to pay for hotels, tickets and merchandise may respond to exclusive menus and products tied to Disney stories.
UBS analyst John Hodulik cut his target to $133 from $138 but retained a Buy rating and forecast high-single-digit growth for Experiences.
He warned that higher sports-rights costs and softer film profitability could offset gains from parks and streaming.
The partnership cannot repair every weak point, but it supports the division central to Disney’s earnings resilience.
Experiences remains central to Disney’s valuationBenchmark initiated Disney coverage with a Buy rating and a $115 target, describing the company as a diversified consumer-engagement platform.
The brokerage estimated that Experiences generates 57% of segment operating income despite contributing less than 40% of revenue.
That profitability explains why an incremental parks initiative matters.
Disney repeatedly monetises the same intellectual property through destinations, merchandise, food and media, increasing the consumer touchpoints available to each franchise.
JPMorgan has said investor sentiment remains muted because of concerns about park attendance and streaming growth.
The bank nevertheless sees Disney’s price-and-volume opportunity in Experiences as a potential re-rating catalyst.
Kraft Heinz (KHC - Free Report) closed at $25.36 in the latest trading session, marking a -2.31% move from the prior day. This move lagged the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
The stock of processed food company with dual headquarters in Pittsburgh and Chicago has risen by 13.16% in the past month, leading the Consumer Staples sector's gain of 3.66% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. In that report, analysts expect Kraft Heinz to post earnings of $0.53 per share. This would mark a year-over-year decline of 23.19%. Simultaneously, our latest consensus estimate expects the revenue to be $6.15 billion, showing a 3.13% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.07 per share and revenue of $24.44 billion, which would represent changes of -20.38% and -2.01%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% higher. Kraft Heinz is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 12.53. For comparison, its industry has an average Forward P/E of 12.97, which means Kraft Heinz is trading at a discount to the group.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 205, this industry ranks in the bottom 17% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
The Kraft Heinz Company this week announced a new partnership. But it isn’t with another condiment brand, or even within the realm of food.
Instead, the food and beverage giant is teaming up with the Walt Disney Co.
The long-term partnership will bring 10 Kraft Heinz brands to Disney parks, resorts, and cruises across North America, and will give Kraft Heinz a leg up as its sales face an ongoing slide. Here are some of the most notable details from the unusual arrangement.
Unexpected productsThe partnership will produce some new and unexpected products, like Cinderella-branded mac and cheese, and marshmallow packaging featuring Olaf from Frozen, according to Kraft Heinz.
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The Kraft partnership will also shape Disney’s guest experiences, with Disney resorts and cruises introducing new menu items featuring Kraft products. And a new line of custom-designed Heinz condiment stations will pop up throughout the parks.
Nicolas Amaya, Kraft Heinz’s North American business leader, mentioned possible Star Wars lightsaber-shaped condiment dispensers at Disney’s theme parks in a Wall Street Journal interview.
Kraft Heinz will also have a presence at D23, Disney’s premier fan event in Anaheim, California, which takes place next month. There, the fans can experience new sauces from the brand’s “sauce vault” and receive a limited-edition pin.
Kraft Heinz's multiyear partnership with Disney expands its brands across theme parks, cruises, streaming, and consumer products, but investors see little reason to change earnings expectations without evidence the deal will boost growth.
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Kraft Heinz Company (KHC - Free Report) . KHC is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.08 right now. For comparison, its industry sports an average P/E of 14.62. Over the past 52 weeks, KHC's Forward P/E has been as high as 11.95 and as low as 9.33, with a median of 10.47.
Another notable valuation metric for KHC is its P/B ratio of 0.75. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.70. KHC's P/B has been as high as 0.90 and as low as 0.61, with a median of 0.76, over the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Kraft Heinz Company is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, KHC feels like a great value stock at the moment.
CHICAGO--(BUSINESS WIRE)--Today, the Kraft Heinz Company and The Walt Disney Company announced a landmark, long-term multi-year strategic alliance, bringing together two of the world's most iconic companies. The enterprise-wide alliance spans foodservice, media, events and more—creating a platform for innovation and storytelling that reaches families wherever they engage with Disney and Kraft Heinz brands both in parks and cruises, and at home. The alliance will show up across Disney's North Am.
Kraft Heinz (KHC - Free Report) closed the most recent trading day at $25.48, moving +1.59% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.38% for the day. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.62%.
Coming into today, shares of the processed food company with dual headquarters in Pittsburgh and Chicago had gained 5.38% in the past month. In that same time, the Consumer Staples sector lost 1.99%, while the S&P 500 gained 1.61%.
The investment community will be paying close attention to the earnings performance of Kraft Heinz in its upcoming release. The company is slated to reveal its earnings on August 5, 2026. The company's upcoming EPS is projected at $0.53, signifying a 23.19% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $6.14 billion, down 3.37% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.07 per share and a revenue of $24.43 billion, representing changes of -20.38% and -2.04%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Kraft Heinz. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% higher. Currently, Kraft Heinz is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 12.13. This indicates a discount in contrast to its industry's Forward P/E of 13.07.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 201, which puts it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) will release its second quarter 2026 financial results on Wednesday, August 5, 2026. A press release and supplemental materials, including a pre-recorded management discussion, will be issued before the market opens. Kraft Heinz management will then host a live question-and-answer session with analysts beginning at 9:00 a.m. Eastern Daylight Time. The earnings release, supplemental materials, and audio.
The Kraft Heinz Company (Nasdaq: KHC) (âKraft Heinzâ) will release its second quarter 2026 financial results on Wednesday, August 5, 2026. A press release
Kraft Heinz is rated Strong Buy, offering a compelling risk/reward setup with high dividend yield and deep undervaluation. KHC's technical momentum has turned positive since June, with a recent golden cross formation and technical supply/demand indicators supporting upside potential. The 6.4% dividend and 13.3% free cash flow yield at $25/share provide attractive defensive income generation.
In the latest close session, Kraft Heinz (KHC - Free Report) was down 1.5% at $24.92. The stock trailed the S&P 500, which registered a daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.
The stock of processed food company with dual headquarters in Pittsburgh and Chicago has risen by 7.98% in the past month, leading the Consumer Staples sector's gain of 4% and the S&P 500's gain of 1.64%.
The investment community will be paying close attention to the earnings performance of Kraft Heinz in its upcoming release. The company is expected to report EPS of $0.53, down 23.19% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $6.14 billion, showing a 3.37% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.07 per share and revenue of $24.43 billion, which would represent changes of -20.38% and -2.04%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.08% increase. Kraft Heinz currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kraft Heinz has a Forward P/E ratio of 12.24 right now. For comparison, its industry has an average Forward P/E of 13.03, which means Kraft Heinz is trading at a discount to the group.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In today's volatile political climate, a movement called the Big Beautiful Boycott has emerged. The boycott, whose namesake parodies the Trump administration’s “One Big Beautiful Bill,” targets companies and brands that organizers say support political actors or organizations that undermine democratic rights and fair representation.
The campaign is still evolving. Its website says 10 new companies are added to the boycott list every Saturday, with organizers providing reasons and sources for each addition. That rolling structure helps explain why the list may name specific consumer brands rather than every brand owned by the same parent company. For investors, that matters because the market impact of a boycott may depend less on whether a brand appears on a list and more on whether the controversy affects sales, margins, or investor sentiment.
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Do Boycotts Actually Affect Stock Prices?Boycotts have a long history in the United States and, in some cases, have had a transformative effect on the culture and economy.
The Montgomery Bus Boycott of 1955 and 1956 began after Rosa Parks was arrested for refusing to give up her bus seat to a white man, becoming a 13-month protest against segregated public transportation. The boycott cost Montgomery’s bus system tens of thousands of fares per day and ultimately led to a Supreme Court ruling that desegregated the buses.
A more recent example was the Bud Light boycott in 2023, which began after the brand sent a promotional package to transgender influencer Dylan Mulvaney. The promotion sparked backlash from conservative consumers and became a national culture-war flashpoint. CNN reported that Anheuser-Busch InBev’s NYSE: BUD North American organic revenue fell $1.4 billion in 2023, primarily due to Bud Light’s U.S. sales decline, with a corresponding loss in market share. But investors who bought and held through that turbulence are now being rewarded, with the stock up approximately 20% from March 2023.
Therein lies the takeaway: Boycotts have a mixed history of effectiveness. Frequently, investors who look past the noise and at a company’s fundamentals can be rewarded for buying any dip that may come from a boycott. That makes the case for several stocks that are on this list.
For investors, the takeaway is that while a boycott may hurt near-term sales or sentiment, the longer-term investment case still depends on fundamentals, brand strength, margins, cash flow, and valuation. That makes several stocks on the Big Beautiful Boycott list worth a closer look.
Coca-Cola Stock Has So Far Shaken Off Boycott RiskCocaCola Today
KO
CocaCola
$85.16 +2.20 (+2.65%)
As of 09:59 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$65.35▼
$85.08Dividend Yield2.49%
P/E Ratio26.86
Price Target$86.88
While The Coca-Cola Company NYSE: KO itself does not appear on the Big Beautiful Boycott list, the campaign names at least two Coca-Cola-owned brands: Dasani and Minute Maid.
The stated rationale is tied to Coca-Cola as the parent company, with organizers citing political donations by Coca-Cola affiliates, the company’s participation in Trump-era economic advisory efforts, and Coca-Cola CEO James Quincey’s presentation of a commemorative Diet Coke bottle to President Trump.
But what does this boycott mean for Coca-Cola investors?
So far, not much. KO is up over 3% in the past 30 days, and up nearly 19% in 2026 so far.
While Coca-Cola does not break out revenue by Dasani or Minute Maid, but its Q1 2026 earnings report showed consolidated unit case volume up 3%, North America volume up 4%, and water up 5%. The company’s broader juice, value-added dairy, and plant-based beverage category declined 1%, but that weakness was not enough to derail the company’s overall volume growth
Coca-Cola is not a fast-growing company. The company’s own long-range estimates call for organic revenue growth are in the mid-single digits. That’s not, however, the reason most investors own the stock. That reason would be the company’s status as a Dividend King, as it reached 64 consecutive years in February 2026.
CocaCola Company (The) (KO) Price Chart for Tuesday, July, 7, 2026
Amazon's AI Investment Is a Bigger Test Than Any BoycottAmazon.com Today
$247.30 +3.14 (+1.29%)
As of 09:59 AM Eastern
This is a fair market value price provided by Massive. Learn more.
52-Week Range$196.00▼
$278.56P/E Ratio29.73
Price Target$312.79
Amazon.com Inc. (NASDAQ: AMZN), specifically, the company’s Prime Video division, has also made the boycott list.
Amazon.com Inc. (NASDAQ: AMZN) 's Prime Video division has also made the boycott list due to Amazon's $1 million donation to President Trump’s inaugural fund, a separate $1 million in-kind streaming contribution from Prime Video, and labor-related concerns.
It would be a stretch to say this has had a meaningful impact on Amazon. Its stock is up more than 6% in 2026 so far, and the company’s Subscription Services revenue, which includes Prime memberships and digital media subscriptions, came in at over $13.4 billion in the last quarter, an increase of around 15% from the prior year.
The bigger investor concern is the company’s forecasted capital expenditures for the artificial intelligence (AI) data center buildout, which could be as high as $200 billion. That may weigh on AMZN more than the boycott in the second half of the year.
However, this is still a sum-of-its-parts company. Data shows U.S. online spending across retailers reached $26.4 billion during Amazon’s June 23-26 Prime Day event, up 9.3% from last year. That figure is not Amazon-only sales, but it still underscores Amazon’s ability to shape online shopping behavior at a time when consumers are focused on stretching every dollar.
Amazon.com, Inc. (AMZN) Price Chart for Tuesday, July, 7, 2026
This is a fair market value price provided by Massive. Learn more.
52-Week Range$21.03▼
$29.19Dividend Yield6.25%
Price Target$22.88
Kraft Heinz NYSE: KHC doesn’t need any more bad news.
While the company has been a favorite of value-seeking investors like Warren Buffett, its track record of growth has only been evident in its dividend. And that dividend, which yields around 6.5%, still appears safe.
Kraft Heinz pays an annual dividend of $1.60 per share, while management’s 2026 adjusted earnings pers ahre (EPS) guidance is $1.98 to $2.10.
While the campaign’s criticism appears aimed at Kraft Heinz as the parent company, the boycott list names several of its consumer brands, including Ore-Ida, Maxwell House, Jell-O, Stove Top, and Baker’s Chocolate. Organizers cite the White House's praise of Kraft Heinz’s planned $3 billion U.S. factory investment and the CEO's comments about potential economic policy benefits under the Trump administration.
Nevertheless, KHC is up about 9% over the past 30 days, which is largely due to the company’s decision to pause the split of its Kraft and Heinz business units and refocus on a $600 million turnaround investment plan.
The company will have to show investors that it can increase unit sales at a time when its core consumer is under pressure. Kraft Heinz has been one of the companies offering the most direct warnings that lower-income consumers are under pressure, and likely to remain so for the rest of 2026.
Still, at about 12x forward earnings, Kraft Heinz is attractively valued for investors with the patience to wait for a broader economic recovery. The risk is that a cheap valuation alone may not be enough if volume pressure continues or the turnaround takes longer than expected.
Kraft Heinz Company (KHC) Price Chart for Tuesday, July, 7, 2026
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Four stocks on the S&P 500 pay out dividends of more than 6% -- not including a couple that are real estate investment trusts (REITs), which are required by federal statute to pay out most of their income in dividends in exchange for certain tax breaks.
A 6% dividend yield is extremely high, but it is not always as good as it may appear on the surface. It may be a trap, because it's the percentage of the share price that goes to dividends. So when a stock tanks, the yield goes up if the dividend is not cut -- and that can create an unsustainable dividend payout.
Let's examine the four S&P 500 stocks with yields of more than 6%. Of Verizon Communications (VZ 1.01%), General Mills (GIS 4.75%), Pfizer (PFE 2.45%), and Kraft Heinz (KHC 3.09%), which of the four is the best buy and has the most sustainable dividend?
Image source: Getty Images.
A look at the key metrics When examining dividend stocks, there are several metrics to consider, starting with yield. All four of these stocks have yields that are over 6%, so they are all high-yielding. Here's a breakdown -- and you'll see, Pfizer has the best yield.
Verizon: 6.74% yield General Mills: 6.46% yield Pfizer: 7.20% yield Kraft Heinz: 6.40% yield Now let's look at the payout ratio, which is the percentage of earnings that goes to dividends. A high payout ratio of 60% to 70% or more can mean the company is paying out too much to support its dividend, diverting funds from growth investments or leading to a dividend cut. Here are the payout ratios -- and Pfizer is again the winner with the lowest payout ratio of the group.
Verizon: 57.6% payout ratio General Mills: 68.7% payout ratio Pfizer: 56.2% payout ratio Kraft Heinz: 62.7% payout ratio Another thing to consider is how long the company has been increasing its dividend. This shows a long-term commitment and the financial strength to sustain the dividend. Here is how many consecutive years each has raised its dividends -- and Verizon ranks first this time.
Verizon: 21 years in a row General Mills: 6 years in a row Pfizer: 15 years in a row Kraft Heinz: 0 years in a row Verizon is the best choice These are not the only metrics investors should consider, but they go a long way toward showing how sustainable the high dividend payout is. Based on these numbers, Pfizer and Verizon look like the best two of the bunch, with Pfizer gaining a slight edge in yield and payout ratio and Verizon showing stronger long-term dividend growth.
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It's also important to look at the returns of each of these stocks, because they show whether the high yield is mostly due to the stock price tanking. Year to date (YTD), General Mills stock is down around 20%, while Pfizer is down 2%. Kraft Heinz is up 4% YTD, while Verizon is up 2%. On a total return basis, with the dividend reinvested, Kraft Heinz and Verizon lead the way, up 6% YTD.
But in the long term, only Verizon has positive returns. Over the past three years, Verizon has had an average annualized return of 4% and 11% with dividends reinvested. Over the past five, Verizon has averaged a negative 6% return, but on a total return basis, it has an average annualized return of 0.4%. Over the past 10 years, it has delivered a 2% annualized total return. Pfizer also has a positive 10-year annualized return of 1%, but the others are negative.
Based on all these factors, Verizon looks like the clear choice as the best dividend stock yielding more than 6%. Analysts generally agree: 41% rate the stock a buy, with a median price target of $50.50 per share -- indicating 22% upside.
Kraft Heinz is a buy, supported by bullish technicals, undervaluation, and a recent $5M CEO insider purchase. KHC offers a 6.4% dividend yield, well-covered by $3.8B in free cash flow versus $1.895B in dividends paid. Technical indicators show bullish price action, positive momentum, and improving relative strength versus the S&P 500.
Kraft Heinz (KHC - Free Report) ended the recent trading session at $23.47, demonstrating a +2.31% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Coming into today, shares of the processed food company with dual headquarters in Pittsburgh and Chicago had lost 5.91% in the past month. In that same time, the Consumer Staples sector lost 0.12%, while the S&P 500 lost 1.4%.
Investors will be eagerly watching for the performance of Kraft Heinz in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.52, marking a 24.64% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $6.12 billion, showing a 3.59% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.07 per share and a revenue of $24.43 billion, signifying shifts of -20.38% and -2.06%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Kraft Heinz. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Kraft Heinz currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kraft Heinz has a Forward P/E ratio of 11.11 right now. This signifies a discount in comparison to the average Forward P/E of 14.41 for its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 196, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) today announced changes to its global operating structure to help accelerate growth, sharpen focus, and more effectively deploy resources across its portfolio of iconic brands.
Effective July 1, 2026, Kraft Heinz will reorganize into three regions: North America (NA), Europe and Pacific Developed Markets (EPDM), and Emerging Markets (EM).
Under the new structure, the Company will combine Asia Emerging Markets and West and East Emerging Markets (WEEM) into one Emerging Markets Region led by Marcel Regis, who will become Regional President, Emerging Markets. The European countries currently included in WEEM will move into EPDM. Willem Brandt will continue to serve as Regional President, Europe and Pacific Developed Markets. Nico Amaya will continue to lead North America, which includes the U.S. and Canada. Additionally, Procurement and Supply Chain will be combined into one central function under Janelle Aydin, who will serve as Global Chief Procurement and Supply Chain Officer.
“We are building momentum across many areas of the business, and this regional structure will help us meaningfully accelerate and scale our progress,” said Steve Cahillane, CEO of Kraft Heinz. “Additionally, combining Procurement and Supply Chain into one central function allows us to more effectively manage our end-to-end value chain and strengthen supply chain resilience.”
As part of these changes, Cory Onell, Chief Omnichannel Sales & Asia Emerging Markets Officer, and Flavio Torres, Global Chief Supply Chain Officer, will transition out of their roles. Both Onell and Torres will remain with the Company as advisors through a transition period.
“As a Company, we are proving that iconic brands can evolve, scale and win,” said Cahillane. “This new structure positions Kraft Heinz to unlock the full potential of our portfolio and drive sustainable, volume-led growth across our global business.”
ABOUT THE KRAFT HEINZ COMPANY
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high‑quality, great‑tasting, and affordable food for the consumers of today, while shaping the future of food.
Key Takeaways KHC's Taste Elevation portfolio showed notable market-share improvement in the first quarter of 2026. Taste Elevation revenues gaining or holding share rose to 81% in Q1 and improved to 87% in March.KHC's total U.S. retail revenues, gaining or holding share, rose to 54% in March from 12% in 2025. For The Kraft Heinz Company (KHC - Free Report) , improving market share in key categories remains an important focus in 2026. Taste Elevation has emerged as one of the clearest areas of progress within that effort. Taste Elevation, which includes categories such as ketchup, cream cheese, mustard and steak sauce, delivered notable share improvement during the first quarter of 2026.
The percentage of U.S. Taste Elevation revenues that were gaining or holding share rose to 81% in the quarter and further improved to 87% in March. This compares with 24% in fiscal 2025. The improvement was also reflected in weighted average share trends. The category moved from a decline of 0.46 percentage points in fiscal 2025 and a decline of 0.04 percentage points in the first quarter to a gain of 0.13 percentage points in March.
Several of KHC’s core Taste Elevation brands were highlighted within the category, including Heinz ketchup, Philadelphia cream cheese, Grey Poupon mustard and A.1. steak sauce. The category is part of the company’s WIN BIG portfolio, which accounts for approximately 55% of net sales and represents areas where Kraft Heinz sees attractive growth, margin and share opportunities.
Taste Elevation also contributed to broader improvement in U.S. retail share performance. Across the total U.S. retail portfolio, the percentage of revenues gaining or holding share increased to 54% in March from 29% in the first quarter and 12% in fiscal 2025. Taste Elevation was identified alongside Hydration and Desserts as areas showing improvement.
The latest results highlight Taste Elevation as one of The Kraft Heinz Company’s strongest-performing portfolio areas from a market-share perspective. With a larger portion of category revenues gaining or holding share and share trends turning positive in March, the category has become a notable bright spot within the company’s portfolio.
KHC Stock Price Performance, Valuation & EstimatesShares of The Kraft Heinz Company have tumbled 6.6% over the past three months compared with the industry’s decline of 0.4%. KHC currently carries a Zacks Rank #3 (Hold).
KHC Price Performance Versus Industry
Image Source: Zacks Investment Research
From a valuation standpoint, KHC trades at a forward price-to-earnings ratio of 11.09, lower than the industry’s average of 14.12.
KHC Valuation Compared to Industry
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for KHC’s current fiscal-year earnings per share suggests a 20.4% year-over-year decline, while the consensus mark for the next fiscal-year EPS indicates 2.8% growth.
Better-Ranked Stocks to ConsiderThe Chef's Warehouse, Inc. (CHEF - Free Report) , a specialty food distributor serving restaurants, hotels and hospitality customers, sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for The Chef's Warehouse’s current financial-year sales and earnings indicates growth of 8.3% and 24.7%, respectively, from the prior-year reported levels. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
Vita Coco Company (COCO - Free Report) is a leading beverage company best known for its Vita Coco brand, with a portfolio that also includes hydration, energy and protein-based beverages. COCO sports a Zacks Rank #1.
The Zacks Consensus Estimate for Vita Coco’s current financial-year sales and earnings calls for year-over-year growth of 21.4% and 47.9%, respectively. COCO delivered a trailing four-quarter earnings surprise of 11.7%, on average.
The Coca-Cola Company (KO - Free Report) , a global beverage giant, currently carries a Zacks Rank #2 (Buy). KO delivered a trailing four-quarter earnings surprise of 4.5%, on average.
The Zacks Consensus Estimate for Coca-Cola’s current fiscal-year sales and earnings suggests a year-over-year increase of almost 3% and 8.7%, respectively.
Key Takeaways Kraft Heinz will adopt a three-region structure effective July 1, 2026, to streamline oversight.KHC plans about $600M for marketing, R&D, product upgrades and emerging market expansion.Kraft Heinz is merging Procurement and Supply Chain to strengthen value chain execution. The Kraft Heinz Company (KHC - Free Report) is reshaping the global organization as the food giant looks to accelerate growth and improve execution across its portfolio of iconic brands. The company announced a streamlined operating model that will take effect on July 1, 2026, underscoring management's focus on building on its momentum and strengthening supply-chain capabilities.
Under the new operating framework, Kraft Heinz will operate through three regions: North America, Europe and Pacific Developed Markets (“EPDM”), and Emerging Markets. The company is combining Asia Emerging Markets with the West and East Emerging Markets unit into a single Emerging Markets segment, while European markets currently housed within WEEM will be integrated into EPDM. North America will continue to comprise the United States and Canada.
Kraft Heinz is also simplifying its operations by combining Procurement and Supply Chain into one centralized function. Management believes the move will enable the company to better manage its end-to-end value chain while enhancing supply-chain resilience. According to Kraft Heinz, the revised structure is expected to accelerate progress and strengthen execution across its businesses.
The reorganization aligns with Kraft Heinz's broader strategy of driving volume-led growth through stronger execution and increased investment. Earlier this year, the company reaffirmed plans to deploy roughly $600 million across marketing, sales, R&D and product improvements while expanding distribution in emerging markets. It is also stepping up investments in product innovation and brand-building initiatives to support sustainable long-term growth.
The latest changes highlight Kraft Heinz's efforts to simplify operations and sharpen focus across its portfolio. By streamlining regional oversight and integrating key functions, the company aims to enhance execution, capitalize on growth opportunities in international markets and strengthen its competitive position over the long term.
Kraft Heinz's Zacks Rank & Share Price PerformanceShares of this Zacks Rank #3 (Hold) company have gained 4.8% over the past three months, outperforming the industry’s 2.2% decline and the broader Consumer Staples sector’s 3.6% increase. However, the stock lagged the S&P 500’s 12.3% advance over the same period.
KHC Stock's Past 3-Month Performance
Image Source: Zacks Investment Research
Is Kraft Heinz a Value Play Stock?Kraft Heinz currently trades at a forward 12-month P/E ratio of 10.91, which is lower than the industry average of 13.88 and below the sector average of 16.64. This valuation positions the stock at a modest discount relative to both its direct peers and the broader consumer staples sector.
KHC P/E Ratio (Forward 12 Months)
Image Source: Zacks Investment Research
Stocks to ConsiderThe Chefs' Warehouse, Inc. (CHEF - Free Report) distributes specialty food and center-of-the-plate products in the United States, the Middle East and Canada. At present, CHEF sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 8.3% and 24.7%, respectively, from the year-ago reported figures. CHEF delivered a trailing four-quarter earnings surprise of 28.9%, on average.
United Natural Foods, Inc. (UNFI - Free Report) distributes natural, organic, specialty, produce and conventional grocery and non-food products in the United States and Canada. At present, United Natural carries a Zacks Rank of 2 (Buy). UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
The consensus estimate for United Natural’s current fiscal-year earnings implies growth of 254.9% from the year-ago figures.
Mama's Creations, Inc. (MAMA - Free Report) manufactures and markets fresh deli-prepared foods in the United States. At present, MAMA holds a Zacks Rank of 2. Mama's Creations delivered a trailing four-quarter earnings surprise of 129.2%, on average.
The consensus estimate for Mama's Creations’ current fiscal-year sales and earnings implies growth of 30% and 73.3%, respectively, from the year-ago figures.
Kraft Heinz (KHC - Free Report) closed the most recent trading day at $22.03, moving -3.46% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
The processed food company with dual headquarters in Pittsburgh and Chicago's stock has dropped by 4.08% in the past month, falling short of the Consumer Staples sector's loss of 1.01% and the S&P 500's gain of 2.02%.
The investment community will be paying close attention to the earnings performance of Kraft Heinz in its upcoming release. The company is predicted to post an EPS of $0.52, indicating a 24.64% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $6.12 billion, down 3.59% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.07 per share and revenue of $24.43 billion, indicating changes of -20.38% and -2.06%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Kraft Heinz. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Kraft Heinz possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Kraft Heinz is holding a Forward P/E ratio of 11.05. For comparison, its industry has an average Forward P/E of 13.82, which means Kraft Heinz is trading at a discount to the group.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 203, which puts it in the bottom 17% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $23.99, marking a -1.64% move from the previous day. This change lagged the S&P 500's daily gain of 1.65%. At the same time, the Dow added 0.92%, and the tech-heavy Nasdaq gained 3.07%.
Heading into today, shares of the processed food company with dual headquarters in Pittsburgh and Chicago had gained 6.41% over the past month, outpacing the Consumer Staples sector's gain of 1.76% and the S&P 500's gain of 0.48%.
The investment community will be paying close attention to the earnings performance of Kraft Heinz in its upcoming release. It is anticipated that the company will report an EPS of $0.53, marking a 23.19% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $6.12 billion, showing a 3.59% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.07 per share and revenue of $24.43 billion, indicating changes of -20.38% and -2.06%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Kraft Heinz. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. Kraft Heinz is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Kraft Heinz currently has a Forward P/E ratio of 11.81. This denotes a discount relative to the industry average Forward P/E of 12.46.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 204, finds itself in the bottom 17% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Passive income arrives while you sleep, commute, or vacation. That appeal drives dividend investing: a paycheck every quarter regardless of market conditions or work hours.
Layoff announcements have rattled white-collar industries through the first half of 2026, and essentials costs climb faster than most household raises. Building a cash-flowing portfolio is one of the few defenses an individual investor controls directly. Unlike rental real estate, a high-yield dividend portfolio is liquid, requires no tenant management, and lets you redirect capital with a single trade.
We screened our 24/7 Wall St. dividend equity research database for stocks that pay massive dividends. A collection of companies can generate over $1,900 a year in passive annual income if you invest $10,000 in each stock at the time of this writing.
Verizon Communications Yield: 6.08% Shares for $10,000: 213 Annual Passive Income: $608 Verizon (NYSE:VZ | VZ Price Prediction) is the largest U.S. wireless carrier and fiber broadband powerhouse following the January 20, 2026 close of the Frontier Communications acquisition, which expanded its fiber footprint to more than 30 million homes and businesses.
The dividend is fueled by predictable subscriber cash flow: FY 2025 operating cash flow of $37.1 billion covered $11.5 billion in common dividends with a 1.75x cushion.
Telecom is a regulated, capital-heavy industry where mature operators return excess cash through dividends rather than reinvest for hypergrowth. Verizon raised its quarterly payout to $0.7075 per share in 2026, extending annual increases spanning over two decades. Management completed $2.5 billion in buybacks in Q1 2026 while paying down Frontier-related debt.
Pfizer Yield: 6.61% Shares for $10,000: 390 Annual Passive Income: $661 Pfizer (NYSE:PFE) is a global biopharmaceutical company spanning Primary Care, Specialty Care, and Oncology, with blockbuster brands including Eliquis, Prevnar, Vyndaqel, Ibrance, Padcev, and Nurtec ODT.
The high yield reflects post-COVID revenue normalization rather than business distress: FY 2025 operating cash flow of $11.7 billion covered $9.8 billion in dividends, and management reaffirmed FY 2026 guidance for adjusted EPS of $2.80 to $3.
Big Pharma pays large dividends because mature drug franchises throw off enormous free cash flow exceeding reinvestment needs. Pfizer has raised the payout for 16 consecutive years, moving the quarterly dividend from $0.32 in 2017 to $0.43 in 2026.
A Vyndamax patent settlement extends U.S. exclusivity to June 2031, and the roughly $7 billion Metsera acquisition plants a stake in the obesity drug market. Institutional ownership sits at 69.4%.
Kraft Heinz Yield: 7.09% Shares for $10,000: 415 Annual Passive Income: $709 Kraft Heinz (NASDAQ:KHC) owns Heinz, Kraft, Philadelphia, Primal Kitchen, Lunchables, and Ore-Ida, selling packaged food across North America, International Developed Markets, and Emerging Markets.
The yield is elevated because the share price has compressed: KHC trades down 29.17% over the past five years as volume softness in coffee, cold cuts, and frozen meals weighed on the multiple.
The dividend has held at $0.40 per quarter since 2019 and is well covered by cash: FY 2025 operating cash flow of $4.46 billion against a $1.9 billion payout works out to 2.35x coverage.
New CEO Steve Cahillane paused the previously announced company split and committed $600 million in incremental marketing and R&D investment. Berkshire Hathaway remains the anchor institutional holder, with insiders owning 27.78% of shares.
The Combined Income Picture Combined, these 3 positions generate $1,978 in annual passive income on a $30,000 investment, a blended yield of 6.59%. Kraft Heinz contributes $709, Pfizer adds $661, and Verizon rounds out the portfolio with $608.
Ticker Investment Yield Annual Income Share of Total KHC $10,000 7.09% $709 35.8% PFE $10,000 6.61% $661 33.4% VZ $10,000 6.08% $608 30.7% Total $30,000 6.59% $1,978 100% Reinvested at the same blended yield, that $1,978 would buy roughly another $130 of annual income next year, then another $138 the year after. Cash flow arriving on a schedule lets a portfolio compound without forcing the investor to time entries, exits, or earnings reactions.
Hot dog lovers nationwide can tune in live on FOX as Team Corn Dog makes its race-day debut at Indianapolis Motor Speedway
CHICAGO & PITTSBURGH--(BUSINESS WIRE)--After a breakout debut that quickly became a summer sensation — drawing 85,000 fans in the stands and 8 million streaming live via the Fox Sports app and @INDYCARonFOX social platforms — Oscar Mayer is firing up the grills and revving up for the second annual Wienie 500. Returning Friday, May 22, all six Wienermobiles will haul buns to the legendary Indianapolis Motor Speedway for a high-stakes race to crown the Top Dog. The race kicks off summer, proving that even the most unexpected places — like a professional racetrack — are the perfect setting for an Oscar Mayer wiener. Now back for another lap, the Wienie 500 brings new competition, refreshed race-day livery, special guests and can’t-miss entertainment — all broadcast live on FOX.
Earlier this year, Oscar Mayer handed the keys to fans with its first-ever “Pick Your Dog” bracket, letting America decide who would claim the coveted sixth spot. The results? Corn Dog is officially in, bumping Sonoran Dog and joining Chi Dog (Midwest), New York Dog (East), Chili Dog (South), Seattle Dog (Northwest) and reigning champion Slaw Dog (Southeast) in a high-stakes race around the Brickyard to see who cuts the mustard. With a new contender in the mix, teams are hungrier than ever and ready to show off their well-cooked strategy to make it to the “Wieners Circle.”
All six Wienermobiles and racing suits will debut new colors, decals and designs, and for the first time in over a decade, the brand is dropping limited-edition Wiener Whistles to mark the occasion. And this year, Oscar Mayer is bringing serious horsepower: Nolan Siegel, Stingray Rob, Scott McLaughlin and fellow INDYCAR SERIES drivers will coach the Hotdoggers, offering pro-level racing tips as teams compete for the coveted Borg-Wiener Trophy. Together, it’s a one-of-a-kind delightful racing experience only Oscar Mayer can deliver.
Fans at home can get in on the bun-derful action by purchasing exclusive Wienie 500 merchandise at shop.ims.com and casting their vote for who will take Top Dog on Instacart — correct predictions will score free Oscar Mayer wieners while supplies last.
“Last year’s inaugural race proved the Wienie 500 is more than just a one-time spectacle, it’s a real race cemented in culture,” said Kelsey Rice, Brand Communications Director at Oscar Mayer. “This year, we are turbo-charging all race elements to give fans a fresh take on the disarmingly delightful experience they fell in love with year one. From ushering in Team Corn Dog to bringing in the pros, we are going all-in to encourage fans everywhere to pick up Oscar Mayer wieners, kick off summer and enjoy the ride with us.”
Race day coverage begins live on FOX and FOX One at 2:00pm ET on Friday, May 22. FOX INDYCAR play-by-play announcer Will Buxton again calls the race alongside FOX INDYCAR analysts Townsend Bell and James Hinchcliffe, with pit reporting by Georgia Henneberry and Kevin Lee. For more information on the meatiest race in motorsports, including how to purchase tickets, attend watch parties at Tom’s Watch Bar locations across the country and get in on other fan engagement opportunities, follow @OscarMayer, @Wienermobile, @IndianapolisMotorSpeedway and @IndyCarOnFox on Instagram and TikTok.
*To learn more about the Instacart promotion see official rules HERE.
ABOUT THE KRAFT HEINZ COMPANY
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Learn more at www.kraftheinzcompany.com.
After a breakout debut that quickly became a summer sensation — drawing 85,000 fans in the stands and 8 million streaming live via the Fox Sports app and @INDYCARonFOX social platforms — Oscar Mayer is firing up the grills and revving up for the second annual Wienie 500. Returning Friday, May 22, all six Wienermobiles will haul buns to the legendary Indianapolis Motor Speedway for a high-stakes race to crown the Top Dog. The race kicks off summer, proving that even the most unexpected places — like a professional racetrack — are the perfect setting for an Oscar Mayer wiener. Now back for another lap, the Wienie 500 brings new competition, refreshed race-day livery, special guests and can’t-miss entertainment — all broadcast live on FOX.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518955069/en/
Oscar Mayer is firing up the grills and revving up for the second annual Wienie 500. Returning Friday, May 22, all six Wienermobiles will haul buns to the legendary Indianapolis Motor Speedway for a high-stakes race to crown the Top Dog.
Earlier this year, Oscar Mayer handed the keys to fans with its first-ever “Pick Your Dog” bracket, letting America decide who would claim the coveted sixth spot. The results? Corn Dog is officially in, bumping Sonoran Dog and joining Chi Dog (Midwest), New York Dog (East), Chili Dog (South), Seattle Dog (Northwest) and reigning champion Slaw Dog (Southeast) in a high-stakes race around the Brickyard to see who cuts the mustard. With a new contender in the mix, teams are hungrier than ever and ready to show off their well-cooked strategy to make it to the “Wieners Circle.”
All six Wienermobiles and racing suits will debut new colors, decals and designs, and for the first time in over a decade, the brand is dropping limited-edition Wiener Whistles to mark the occasion. And this year, Oscar Mayer is bringing serious horsepower: Nolan Siegel, Stingray Rob, Scott McLaughlin and fellow INDYCAR SERIES drivers will coach the Hotdoggers, offering pro-level racing tips as teams compete for the coveted Borg-Wiener Trophy. Together, it’s a one-of-a-kind delightful racing experience only Oscar Mayer can deliver.
Fans at home can get in on the bun-derful action by purchasing exclusive Wienie 500 merchandise at shop.ims.com and casting their vote for who will take Top Dog on Instacart — correct predictions will score free Oscar Mayer wieners while supplies last.
“Last year’s inaugural race proved the Wienie 500 is more than just a one-time spectacle, it’s a real race cemented in culture,” said Kelsey Rice, Brand Communications Director at Oscar Mayer. “This year, we are turbo-charging all race elements to give fans a fresh take on the disarmingly delightful experience they fell in love with year one. From ushering in Team Corn Dog to bringing in the pros, we are going all-in to encourage fans everywhere to pick up Oscar Mayer wieners, kick off summer and enjoy the ride with us.”
Race day coverage begins live on FOX and FOX One at 2:00pm ET on Friday, May 22. FOX INDYCAR play-by-play announcer Will Buxton again calls the race alongside FOX INDYCAR analysts Townsend Bell and James Hinchcliffe, with pit reporting by Georgia Henneberry and Kevin Lee. For more information on the meatiest race in motorsports, including how to purchase tickets, attend watch parties at Tom’s Watch Bar locations across the country and get in on other fan engagement opportunities, follow @OscarMayer, @Wienermobile, @IndianapolisMotorSpeedway and @IndyCarOnFox on Instagram and TikTok.
*To learn more about the Instacart promotion see official rules HERE.
ABOUT THE KRAFT HEINZ COMPANY
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Learn more at www.kraftheinzcompany.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260518955069/en/
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--For more than 125 years, JELL-O has brought colorful, jiggly fun to dessert tables across America. Now, one of the country's most iconic food brands is entering a new era. Today, the brand announces the launch of JELL-O Simply, a new line featuring the delicious and colorful desserts families have loved for generations, now made with no FD&C colors or artificial sweeteners. Made with real fruit juice and 25% less sugar in the ready-to-eat gelatin line,.
Mild Cheddar and Mozzarella Shreds plus Mozzarella String Cheese Deliver Great Taste Without Lactose
CHICAGO--(BUSINESS WIRE)--Kraft® Natural Cheese announced the launch of its new Lactose-Free product line, expanding its portfolio to meet growing demand for dairy options that support a range of dietary needs without compromising on taste.
Available in three varieties – Mild Cheddar Shredded Cheese, Mozzarella Shredded Cheese and Mozzarella String Cheese – each new product is made with real dairy and delivers the flavor consumers know and love, but now with 0g of lactose.
“As consumer needs continue to evolve, we are focused on delivering products that make it easier for more people to enjoy the foods they love,” said Dhriti Batra, Director of Kraft Natural Cheese at Lactalis Heritage Dairy. “Our Lactose-Free shreds and string cheese bring the same trusted taste and quality that Kraft Natural Cheese is known for, but now in a way that fits seamlessly into more lifestyles and everyday routines.”
Kraft Natural Cheese’s new Lactose-Free products are crafted with added lactase, an enzyme commonly used in lactose-free milk that helps break down lactose, and are designed for versatility across everyday meals and snacks. The shredded varieties come in a resealable pouch for freshness and melt easily into recipes, like your favorite pastas, wraps, salads, baked potatoes and more, while the Mozzarella String Cheese offers a convenient, on-the-go snacking option with 12 individually wrapped portions per bag.
The Kraft Natural Cheese Lactose-Free product line is now available at select national retailers with additional doors to follow in the coming months.
For more information and for recipe inspiration, visit www.kraftnaturalcheese.com or follow the brand on Instagram @kraft.naturalcheese.
About Kraft Natural Cheese
Kraft Natural Cheese has been a trusted household name since 1904, delivering exceptional quality and flavor to mealtimes around the world. With a commitment to craftsmanship and innovation, Kraft Natural Cheese continues to be the go-to choice for families and food enthusiasts alike with its broad portfolio of natural cheeses including shreds, chunks and slices. As part of the Lactalis Heritage Dairy portfolio of brands, Kraft Natural Cheese has more than 150+ years of combined dairy experience reflected in its cheesemaking. For more information and for recipe inspiration, visit www.kraftnaturalcheese.com or follow the brand on Instagram @kraft.naturalcheese.
About Lactalis USA
Lactalis USA is committed to enriching lives by producing nutritious and great-tasting dairy products. The company offers an unrivaled house of beloved dairy brands in the United States including Galbani® Italian cheeses, Président® specialty cheeses and gourmet butters, Kraft® brands in natural and grated cheeses, Breakstone’s® cottage cheese, ricotta and sour cream, Cracker Barrel® cheese, Black Diamond® cheddar cheese, Parmalat® milk, yogurt brands such as siggi’s®, Stonyfield Organic®, Brown Cow™, Green Mountain Creamery®, Mountain High®, Yoplait®, Go-Gurt®, :ratio®, Oui® and Karoun®, Gopi®, Arz® and other brands in the ethnic channel. The following registered trademarks are used under license: Yoplait® Go-Gurt®, and Oui® owned by Yoplait Marques SNC, and KRAFT® owned by Kraft Foods.
In the United States, the company has approximately 5,000 employees, with 13 manufacturing facilities located in 9 states, and corporate offices in New York City, San Fernando, Calif., Chicago, Ill., Minneapolis, Minn., Buffalo, N.Y. and Bedford, N.H. Lactalis USA is part of Lactalis Group, the world’s leading dairy company, a French family business founded in 1933 in Laval, France.
For more information about Lactalis USA’s divisions, visit www.lactalisamericangroup.com
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) announced today the early tender results, as of 5:00 p.m., New York City time, on May 20, 2026 (the “Early Tender Time”), and the satisfaction of the condition to receive proceeds of an offering of new senior unsecured notes on terms satisfactory to the Issuer (the “Financing Condition”), in each case in respect of the previously announced offer by Kraft Heinz Foods Company, its 100% owned subsidiary (the “Issuer”), to purchase for cash (the “Tender Offer”) up to the maximum combined aggregate purchase price of $1,100,000,000, excluding accrued and unpaid interest (the “Maximum Tender Amount”), of its outstanding 4.375% Senior Notes due June 2046 (the “2046 Notes”) and its 4.875% Senior Notes due October 2049 (the “2049 Notes” and, together with the 2046 Notes, the “Notes” and each, a “Series” of Notes), from each registered holder of the Notes (the “Holders”), pursuant to the terms and subject to the conditions set forth in the offer to purchase dated May 7, 2026 (the “Offer to Purchase”). Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase.
The following table sets forth certain information regarding the Notes and the Tender Offer, including the aggregate principal amount of Notes that were validly tendered and not validly withdrawn as of the Early Tender Time according to Global Bondholder Services Corporation, the Tender Agent and Information Agent for the Tender Offer:
Kraft Heinz also announced that, with respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, the Issuer has elected to have an early settlement date with payment for such Notes to occur on May 26, 2026.
The deadline to withdraw Notes tendered in the Tender Offer was 5:00 p.m. New York City time, on May 20, 2026, which deadline has not been extended (such date and time, the “Withdrawal Date”). Accordingly, Notes tendered at or prior to the Withdrawal Date may no longer be withdrawn, except in certain limited circumstances where the Issuer determines that additional withdrawal rights are required by law. Subject to applicable law, the Issuer has reserved the right, in its sole discretion, to at any time (i) waive any and all conditions to the Tender Offer, (ii) extend, terminate, or withdraw the Tender Offer, (iii) increase or waive the Maximum Tender Amount, with or without extending the Withdrawal Date, or (iv) otherwise amend the Tender Offer in any respect.
The applicable Total Consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the Fixed Spread for the applicable Series specified on the front cover of the Offer to Purchase over the applicable Reference Yield based on the bid-side price of the applicable Reference Treasury Security specified on the front cover of the Offer to Purchase, as calculated by the Dealer Managers (as defined below) at 10:00 a.m. New York City time, on May 21, 2026 (such time and date, the “Price Determination Date”).
Because the maximum combined aggregate purchase price, excluding accrued and unpaid interest, of the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time is expected to exceed the Maximum Tender Amount, Kraft Heinz expects to accept for purchase Notes validly tendered and not validly withdrawn in accordance with the Acceptance Priority Levels set forth in the table above. If the aggregate purchase price, excluding accrued and unpaid interest, of the Notes that are validly tendered and not validly withdrawn at or prior to the Early Tender Time is greater than the Maximum Tender Amount, the Notes of the Series, the acceptance of which would result in the Maximum Tender Amount being exceeded, will be accepted for purchase on a prorated basis in accordance with the terms set forth in the Offer to Purchase. The Issuer will not accept for purchase any Notes tendered after the Early Tender Time. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable Holder’s account.
The Tender Offer will expire at 5:00 p.m., New York City time, on June 5, 2026, unless extended with respect to a Series of Notes (such time and date, as they may be extended, the “Expiration Time”) or earlier terminated as described in the Offer to Purchase.
Kraft Heinz has engaged BofA Securities, Inc. (“BofA Securities”), Citigroup Global Markets Inc. (“Citigroup”), Deutsche Bank Securities Inc. (“Deutsche Bank Securities”) and Goldman Sachs & Co. LLC (“Goldman Sachs”) to act as dealer managers (collectively, the “Dealer Managers”) in connection with the Tender Offer and has appointed Global Bondholder Services Corporation to serve as the Tender Agent and Information Agent for the Tender Offer. Copies of the Offer to Purchase are available at https://www.gbsc-usa.com/kraftheinzcompany/ or by contacting Global Bondholder Services Corporation via telephone at (855) 654-2015 (toll free) or (212) 430-3774 (for banks and brokers). Questions regarding the terms of the Tender Offer should be directed to BofA Securities at (888) 292-0070 (toll-free) or (980) 387-3907 (collect); Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect); Deutsche Bank Securities at (866) 627-0391 (toll-free) or (212) 250-2955 (collect); or Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (collect).
None of the Issuer, Kraft Heinz, their boards of directors or boards of managers, as applicable, the Dealer Managers, Global Bondholder Services Corporation, the Trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender.
This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The terms and conditions of the Tender Offer are described in the Offer to Purchase, and this press release must be read in conjunction with the Offer to Purchase. The Offer to Purchase contains important information that should be read carefully before any decision is made with respect to the Tender Offer. The Tender Offer is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. If any Holder is in any doubt as to the contents of this press release, or the Offer to Purchase, or the action it should take, the Holder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant, or other independent financial, tax, or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company, or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offer.
ABOUT THE KRAFT HEINZ COMPANY
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high‑quality, great‑tasting, and affordable food for the consumers of today, while shaping the future of food.
Forward-Looking Statements
This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “could,” “should,” “will,” “would,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the anticipated timing and completion of the Tender Offer; the expected aggregate principal amount of Notes to be purchased in the Tender Offer; and any other statements regarding the plans, expectations, or intentions with respect to the Tender Offer.
These forward-looking statements reflect management’s current expectations, estimates and assumptions, and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control. Such risks, uncertainties, and other factors include, but are not limited to: Kraft Heinz’s ability to consummate the Tender Offer on the terms and conditions or the timeline described in the Offer to Purchase, or at all; the satisfaction or waiver of the conditions to the Tender Offer; changes in laws, regulations, or regulatory interpretations that may affect Kraft Heinz’s ability to consummate the Tender Offer; the aggregate principal amount of Notes of each series ultimately tendered and the level of participation of Holders in the Tender Offer; the timing of the settlement of the Tender Offer; and volatility of capital markets and other macroeconomic factors. For additional information on other factors that could affect the Kraft Heinz’s forward-looking statements, see Kraft Heinz’s risk factors, as they may be amended from time to time, set forth in its filings with the Securities and Exchange Commission (the “SEC”). Any forward-looking statement made in this press release speaks only as of the date hereof and is expressly qualified in its entirety by the cautionary statements set forth herein and the risk factors and other cautionary statements contained in Kraft Heinz’s filings with the SEC. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation. Readers are cautioned not to place undue reliance on any forward-looking statements.
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) announced today the pricing terms and the accepted tender amounts in respect of the previously announced offer by Kraft Heinz Foods Company, its 100% owned subsidiary (the “Issuer”), to purchase for cash (the “Tender Offer”) up to the maximum combined aggregate purchase price of $1,100,000,000, excluding accrued and unpaid interest (the “Maximum Tender Amount”), of its outstanding 4.375% Senior Notes due June 2046 (the “2046 Notes”) and its 4.875% Senior Notes due October 2049 (the “2049 Notes” and, together with the 2046 Notes, the “Notes” and each, a “Series” of Notes), from each registered holder of the Notes (the “Holders”), pursuant to the terms and subject to the conditions set forth in the offer to purchase dated May 7, 2026 (the “Offer to Purchase”). Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase.
The applicable total consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase (the “Total Consideration”) was determined in the manner described in the Offer to Purchase by reference to the Fixed Spread (as defined below) for the applicable Series specified below over the applicable Reference Yield (as defined below) based on the bid-side price of the applicable Reference Treasury Security specified below, as calculated by the Dealer Managers (as defined below), today at 10:00 a.m. New York City time.
Because the maximum combined aggregate purchase price, excluding accrued and unpaid interest, of the 2046 Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on May 20, 2026 (the “Early Tender Time”), exceeded the Maximum Tender Amount, the Issuer accepts for purchase $1,379,414,000 in aggregate principal amount of the 2046 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time (representing approximately 49.51% of the aggregate principal amount of 2046 Notes outstanding), using a proration factor of approximately 78.77% in accordance with the terms and subject to the conditions set forth in the Offer to Purchase, so that the maximum principal amount of the 2046 Notes accepted for purchase does not result in the maximum combined aggregate purchase price (excluding accrued and unpaid interest) exceeding the Maximum Tender Amount. The Issuer will not accept for purchase any of the 2049 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, or any Notes tendered after the Early Tender Time. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable Holder’s account.
The Issuer will pay Holders who validly tendered and did not validly withdraw their 2046 Notes at or prior to the Early Tender Time, and whose 2046 Notes have been accepted for purchase, the applicable Total Consideration, inclusive of the applicable Early Tender Premium, as set forth in the table above.
Settlement for the 2046 Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Time and that are accepted for purchase will occur on May 26, 2026 (the “Early Settlement Date”), the third business day after the Early Tender Time.
The Tender Offer will expire at 5:00 p.m. New York City time, on June 5, 2026, unless extended with respect to a Series of Notes (such time and date, as they may be extended, the “Expiration Time”) or earlier terminated as described in the Offer to Purchase.
Kraft Heinz has engaged BofA Securities, Inc. (“BofA Securities”), Citigroup Global Markets Inc. (“Citigroup”), Deutsche Bank Securities Inc. (“Deutsche Bank Securities”) and Goldman Sachs & Co. LLC (“Goldman Sachs”) to act as dealer managers (collectively, the “Dealer Managers”) in connection with the Tender Offer and has appointed Global Bondholder Services Corporation to serve as the Tender Agent and Information Agent for the Tender Offer. Copies of the Offer to Purchase are available at https://www.gbsc-usa.com/kraftheinzcompany/ or by contacting Global Bondholder Services Corporation via telephone at (855) 654-2015 (toll free) or (212) 430-3774 (for banks and brokers). Questions regarding the terms of the Tender Offer should be directed to BofA Securities at (888) 292-0070 (toll-free) or (980) 387-3907 (collect); Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect); Deutsche Bank Securities at (866) 627-0391 (toll-free) or (212) 250-2955 (collect); or Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (collect).
None of the Issuer, Kraft Heinz, their boards of directors or boards of managers, as applicable, the Dealer Managers, Global Bondholder Services Corporation, the Trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender.
This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The terms and conditions of the Tender Offer are described in the Offer to Purchase, and this press release must be read in conjunction with the Offer to Purchase. The Offer to Purchase contains important information that should be read carefully before any decision is made with respect to the Tender Offer. The Tender Offer is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. If any Holder is in any doubt as to the contents of this press release, or the Offer to Purchase, or the action it should take, the Holder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant, or other independent financial, tax, or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company, or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offer.
ABOUT THE KRAFT HEINZ COMPANY
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high‑quality, great‑tasting, and affordable food for the consumers of today, while shaping the future of food.
Forward-Looking Statements
This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “could,” “should,” “will,” “would,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the anticipated timing and completion of the Tender Offer; the expected aggregate principal amount of Notes to be purchased in the Tender Offer; and any other statements regarding the plans, expectations, or intentions with respect to the Tender Offer.
These forward-looking statements reflect management’s current expectations, estimates and assumptions, and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control. Such risks, uncertainties, and other factors include, but are not limited to: Kraft Heinz’s ability to consummate the Tender Offer on the terms and conditions or the timeline described in the Offer to Purchase, or at all; the satisfaction or waiver of the conditions to the Tender Offer; changes in laws, regulations, or regulatory interpretations that may affect Kraft Heinz’s ability to consummate the Tender Offer; the aggregate principal amount of Notes of each series ultimately tendered and the level of participation of Holders in the Tender Offer; the timing of the settlement of the Tender Offer; and volatility of capital markets and other macroeconomic factors. For additional information on other factors that could affect the Kraft Heinz’s forward-looking statements, see Kraft Heinz’s risk factors, as they may be amended from time to time, set forth in its filings with the Securities and Exchange Commission (the “SEC”). Any forward-looking statement made in this press release speaks only as of the date hereof and is expressly qualified in its entirety by the cautionary statements set forth herein and the risk factors and other cautionary statements contained in Kraft Heinz’s filings with the SEC. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation. Readers are cautioned not to place undue reliance on any forward-looking statements.
Kraft Heinz Announces Pricing Terms and the Accepted Tender Amounts for the Cash Tender Offer for Up To $1.1 Billion Aggregate Purchase Price of Certain of Its Outstanding Notes The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) announced today the pricing terms and the accepted tender amounts in respect of the previously announced offer by Kraft Heinz Foods Company, its 100% owned subsidiary (the “Issuer”), to purchase for cash (the “Tender Offer”) up to the maximum combined aggregate purchase price of $1,100,000,000, excluding accrued and unpaid interest (the “Maximum Tender Amount”), of its outstanding 4.375% Senior Notes due June 2046 (the “2046 Notes”) and its 4.875% Senior Notes due October 2049 (the “2049 Notes” and, together with the 2046 Notes, the “Notes” and each, a “Series” of Notes), from each registered holder of the Notes (the “Holders”), pursuant to the terms and subject to the conditions set forth in the offer to purchase dated May 7, 2026 (the “Offer to Purchase”). Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase.
The applicable total consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase (the “Total Consideration”) was determined in the manner described in the Offer to Purchase by reference to the Fixed Spread (as defined below) for the applicable Series specified below over the applicable Reference Yield (as defined below) based on the bid-side price of the applicable Reference Treasury Security specified below, as calculated by the Dealer Managers (as defined below), today at 10:00 a.m. New York City time.
The Total Consideration for each Series validly tendered prior to or at the applicable Early Tender Time (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread (as defined below) and is inclusive of the applicable Early Tender Premium (as defined below).
(2)
Per $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time and accepted for purchase (the “Early Tender Premium”).
Because the maximum combined aggregate purchase price, excluding accrued and unpaid interest, of the 2046 Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on May 20, 2026 (the “Early Tender Time”), exceeded the Maximum Tender Amount, the Issuer accepts for purchase $1,379,414,000 in aggregate principal amount of the 2046 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time (representing approximately 49.51% of the aggregate principal amount of 2046 Notes outstanding), using a proration factor of approximately 78.77% in accordance with the terms and subject to the conditions set forth in the Offer to Purchase, so that the maximum principal amount of the 2046 Notes accepted for purchase does not result in the maximum combined aggregate purchase price (excluding accrued and unpaid interest) exceeding the Maximum Tender Amount. The Issuer will not accept for purchase any of the 2049 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, or any Notes tendered after the Early Tender Time. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable Holder’s account.
The Issuer will pay Holders who validly tendered and did not validly withdraw their 2046 Notes at or prior to the Early Tender Time, and whose 2046 Notes have been accepted for purchase, the applicable Total Consideration, inclusive of the applicable Early Tender Premium, as set forth in the table above.
Settlement for the 2046 Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Time and that are accepted for purchase will occur on May 26, 2026 (the “Early Settlement Date”), the third business day after the Early Tender Time.
The Tender Offer will expire at 5:00 p.m. New York City time, on June 5, 2026, unless extended with respect to a Series of Notes (such time and date, as they may be extended, the “Expiration Time”) or earlier terminated as described in the Offer to Purchase.
Kraft Heinz has engaged BofA Securities, Inc. (“BofA Securities”), Citigroup Global Markets Inc. (“Citigroup”), Deutsche Bank Securities Inc. (“Deutsche Bank Securities”) and Goldman Sachs & Co. LLC (“Goldman Sachs”) to act as dealer managers (collectively, the “Dealer Managers”) in connection with the Tender Offer and has appointed Global Bondholder Services Corporation to serve as the Tender Agent and Information Agent for the Tender Offer. Copies of the Offer to Purchase are available at https://www.gbsc-usa.com/kraftheinzcompany/ or by contacting Global Bondholder Services Corporation via telephone at (855) 654-2015 (toll free) or (212) 430-3774 (for banks and brokers). Questions regarding the terms of the Tender Offer should be directed to BofA Securities at (888) 292-0070 (toll-free) or (980) 387-3907 (collect); Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect); Deutsche Bank Securities at (866) 627-0391 (toll-free) or (212) 250-2955 (collect); or Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (collect).
None of the Issuer, Kraft Heinz, their boards of directors or boards of managers, as applicable, the Dealer Managers, Global Bondholder Services Corporation, the Trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender.
This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The terms and conditions of the Tender Offer are described in the Offer to Purchase, and this press release must be read in conjunction with the Offer to Purchase. The Offer to Purchase contains important information that should be read carefully before any decision is made with respect to the Tender Offer. The Tender Offer is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. If any Holder is in any doubt as to the contents of this press release, or the Offer to Purchase, or the action it should take, the Holder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant, or other independent financial, tax, or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company, or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offer.
ABOUT THE KRAFT HEINZ COMPANY
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, withapproximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high‑quality, great‑tasting, and affordable food for the consumers of today, while shaping the future of food.
Forward-Looking Statements
This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “could,” “should,” “will,” “would,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the anticipated timing and completion of the Tender Offer; the expected aggregate principal amount of Notes to be purchased in the Tender Offer; and any other statements regarding the plans, expectations, or intentions with respect to the Tender Offer.
These forward-looking statements reflect management’s current expectations, estimates and assumptions, and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control. Such risks, uncertainties, and other factors include, but are not limited to: Kraft Heinz’s ability to consummate the Tender Offer on the terms and conditions or the timeline described in the Offer to Purchase, or at all; the satisfaction or waiver of the conditions to the Tender Offer; changes in laws, regulations, or regulatory interpretations that may affect Kraft Heinz’s ability to consummate the Tender Offer; the aggregate principal amount of Notes of each series ultimately tendered and the level of participation of Holders in the Tender Offer; the timing of the settlement of the Tender Offer; and volatility of capital markets and other macroeconomic factors. For additional information on other factors that could affect the Kraft Heinz’s forward-looking statements, see Kraft Heinz’s risk factors, as they may be amended from time to time, set forth in its filings with the Securities and Exchange Commission (the “SEC”). Any forward-looking statement made in this press release speaks only as of the date hereof and is expressly qualified in its entirety by the cautionary statements set forth herein and the risk factors and other cautionary statements contained in Kraft Heinz’s filings with the SEC. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation. Readers are cautioned not to place undue reliance on any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260521985970/en/
Canada’s original mac n’ cheese is serving up a craveable new dessert with a cheesy spin, available for a limited time at select bakeries across Canada
TORONTO--(BUSINESS WIRE)--KD is stepping into dessert for the first time ever – because KD’s iconic cheesy flavour and ultimate craveability shouldn’t be limited to dinner time. Introducing: KD Mac & Cheesecake, a first-of-its-kind sweet and savoury creation that transforms the signature cheesy KD flavour Canadians know and love into a deliciously craveable treat. Starting today, KD Mac & Cheesecake is available for a limited time at select bakeries across Canada, inviting Canadians to rethink when, where and how they enjoy KD.
As Canadians, especially Gen Z and Millennials, continue embracing nostalgic flavours¹ and leaning into unexpected food mashups², KD is stirring the pot. KD is made in Canada with real cheddar cheese and has been baked into the country’s food culture for generations, earning its title as a Canadian dinner classic. Now, the brand is putting the cheese in cheesecake with a dessert that finally lives up to dinner – and will leave you wondering if KD stands for dinner or dessert.
KD Mac & Cheesecake reimagines KD’s irresistible flavour in a sweet-meets-savoury dessert, with KD cheese folded into both the delicate graham cracker crust and creamy cheesecake batter. The result is a slice of cheesecake like no other, overflowing with the cheesy taste of KD fans know and love.
“As Canada’s unofficial dish, KD has long been associated with dinner,” said Brian Neumann, Head of Brand and Creativity at Kraft Heinz. “This led us to ask ourselves, ‘why should the unmistakable KD flavour be limited to dinner time?’ Today, we’re excited to give Canadians a brand new way to enjoy KD’s one-of-a-kind cheese flavour. KD Mac & Cheesecake is a playful way for us to remind Canadians that when it comes to delicious cheese – no matter the meal – it's Gotta be KD.”
KD Mac & Cheesecake is available to purchase exclusively through select bakery partners across Canada. Participating bakeries include SanRemo Bakery in Toronto, ON; Les Délices Lafrenaie in Montréal, QC; Goodies Bakeshop in Winnipeg, MB; and Ambrosial Cheesecake Shop and The Cheesecake Cafe in Calgary, AB. Canadians are encouraged to visit their local participating bakery partner to try KD Mac & Cheesecake for a limited time starting today, while quantities last.
For more information on KD Mac & Cheesecake, including participating locations and availability, visit kraftdinner.ca/cheesecake or follow @KraftDinnerCA on social media.
ABOUT KRAFT HEINZ CANADA
Kraft Heinz Canada's heritage can be traced back over a century to when James Lewis Kraft of Stevensville, Ontario began selling cheese from a horse-drawn wagon in 1903. Heinz Canada was established in 1909 in Leamington, Ontario where its first products were pickles sourced from local growers. Following the 2015 merger between Kraft Foods Group and H.J. Heinz Company, Kraft Heinz Canada became a subsidiary of the newly formed Kraft Heinz Company (NASDAQ: KHC). Now the country's second largest food and beverage company, iconic Kraft Heinz Canada products like Kraft Peanut Butter, Heinz Ketchup, KD, Philadelphia Cream Cheese, Renées Dressing, Jell-O, Classico, Kool-Aid and Maxwell House are found in over 97 per cent of Canadian households.
Kraft Heinz Canada is driving transformation inspired by Kraft Heinz's global purpose, Let's Make Life Delicious, by creating memorable community moments through local initiatives such as Kraft Hockeyville, while also supporting food banks across Canada through Kraft Heinz Groceries for Good program. Learn more about our journey by visiting kraftheinz.com or following us on LinkedIn.
KD is stepping into dessert for the first time ever – because KD’s iconic cheesy flavour and ultimate craveability shouldn’t be limited to dinner time. Introducing: KD Mac & Cheesecake, a first-of-its-kind sweet and savoury creation that transforms the signature cheesy KD flavour Canadians know and love into a deliciously craveable treat. Starting today, KD Mac & Cheesecake is available for a limited time at select bakeries across Canada, inviting Canadians to rethink when, where and how they enjoy KD.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260526824578/en/
KD Mac & Cheesecake
As Canadians, especially Gen Z and Millennials, continue embracing nostalgic flavours¹ and leaning into unexpected food mashups², KD is stirring the pot. KD is made in Canada with real cheddar cheese and has been baked into the country’s food culture for generations, earning its title as a Canadian dinner classic. Now, the brand is putting the cheese in cheesecake with a dessert that finally lives up to dinner – and will leave you wondering if KD stands for dinner or dessert.
KD Mac & Cheesecake reimagines KD’s irresistible flavour in a sweet-meets-savoury dessert, with KD cheese folded into both the delicate graham cracker crust and creamy cheesecake batter. The result is a slice of cheesecake like no other, overflowing with the cheesy taste of KD fans know and love.
“As Canada’s unofficial dish, KD has long been associated with dinner,” said Brian Neumann, Head of Brand and Creativity at Kraft Heinz. “This led us to ask ourselves, ‘why should the unmistakable KD flavour be limited to dinner time?’ Today, we’re excited to give Canadians a brand new way to enjoy KD’s one-of-a-kind cheese flavour. KD Mac & Cheesecake is a playful way for us to remind Canadians that when it comes to delicious cheese – no matter the meal – it's Gotta be KD.”
KD Mac & Cheesecake is available to purchase exclusively through select bakery partners across Canada. Participating bakeries include SanRemo Bakery in Toronto, ON; Les Délices Lafrenaie in Montréal, QC; Goodies Bakeshop in Winnipeg, MB; and Ambrosial Cheesecake Shop and The Cheesecake Cafe in Calgary, AB. Canadians are encouraged to visit their local participating bakery partner to try KD Mac & Cheesecake for a limited time starting today, while quantities last.
For more information on KD Mac & Cheesecake, including participating locations and availability, visit kraftdinner.ca/cheesecake or follow @KraftDinnerCA on social media.
ABOUT KRAFT HEINZ CANADA
Kraft Heinz Canada's heritage can be traced back over a century to when James Lewis Kraft of Stevensville, Ontario began selling cheese from a horse-drawn wagon in 1903. Heinz Canada was established in 1909 in Leamington, Ontario where its first products were pickles sourced from local growers. Following the 2015 merger between Kraft Foods Group and H.J. Heinz Company, Kraft Heinz Canada became a subsidiary of the newly formed Kraft Heinz Company (NASDAQ: KHC). Now the country's second largest food and beverage company, iconic Kraft Heinz Canada products like Kraft Peanut Butter, Heinz Ketchup, KD, Philadelphia Cream Cheese, Renées Dressing, Jell-O, Classico, Kool-Aid and Maxwell House are found in over 97 per cent of Canadian households.
Kraft Heinz Canada is driving transformation inspired by Kraft Heinz's global purpose, Let's Make Life Delicious, by creating memorable community moments through local initiatives such as Kraft Hockeyville, while also supporting food banks across Canada through Kraft Heinz Groceries for Good program. Learn more about our journey by visiting kraftheinz.com or following us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260526824578/en/
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz”) will participate in a fireside chat at Deutsche Bank’s 23rd Annual dbAccess Global Consumer Conference in Paris, France on June 3, 2026, at 10:30 a.m. Central European Time / 4:30 a.m. Eastern Daylight Time.
A live webcast of the event will be available at ir.kraftheinzcompany.com. A replay will be accessible after the event through the same website.
ABOUT THE KRAFT HEINZ COMPANY
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Learn more at www.kraftheinzcompany.com.
Berkshire Hathaway (BRKA +0.76%)(BRKB +0.55%) has a new CEO this year, with Greg Abel taking over from Warren Buffett, and there have already been some significant changes in the company's portfolio. While the investing strategy and discipline may be the same, there have been some notable changes in just the first quarter of 2026. Here are the biggest surprises from Berkshire's most recent 13F filing.
Image source: Getty Images.
Berkshire added a big position in Delta Buffett has never been a big fan of airlines. In Berkshire's 2007 shareholder letter, he outlined his reasons for not liking them: "The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines."
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That's why Berkshire's move to buy around 40 million shares of Delta Air Lines (DAL +1.56%) this past quarter was particularly noteworthy, as it wasn't the type of move Buffett may have made. And at nearly 1% of Berkshire's portfolio, it's not a terribly small position, either. It comes at an interesting time, given that oil prices are up and demand for travel could be lower for the foreseeable future due to not only rising costs but also adverse economic conditions.
Delta is, however, a leading airline and has performed well over the years, and could arguably be a good investment to hold on to for the long term. But Berkshire didn't exactly buy low -- the stock is up 66% in the past five years, making this a bit of a surprising move for the company, given both Delta's rising valuation and the industry that it's in.
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It tripled its stake in Alphabet Something I definitely didn't expect to see so quickly was a top tech company like Alphabet (GOOG +0.44%)(GOOGL +0.53%) becoming one of Berkshire's top holdings. While I thought it was possible, I didn't expect it to happen so soon. But at just under 7%, Alphabet now accounts for more of Berkshire's portfolio than Chevron and Occidental Petroleum. It's the fifth-largest holding after Berkshire tripled its position in the tech giant.
Alphabet may be the clearest example of a change in the mix of stocks at Berkshire, potentially reflecting a greater acceptance and focus on tech. While Apple is the leading stock in Berkshire's portfolio, its days of leading the tech sector are long gone. Alphabet, however, gives Berkshire investors more exposure to artificial intelligence and is more of a classic tech investment than Apple, which is why the move to significantly increase its position was particularly noteworthy for Berkshire.
And like Delta, it isn't a terribly cheap stock. Alphabet is trading at an all-time high, and its price-to-earnings multiple is 29. This is another move I wouldn't have expected Buffett to make.
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Berkshire dumped many stocks, but Kraft wasn't one of them There was speculation earlier in the year that Berkshire might exit its position in Kraft Heinz (KHC +0.70%), which has long been a staple in its portfolio, but that didn't end up happening. Kraft was contemplating a breakup of its business, but eventually abandoned the idea.
The move to keep Kraft is puzzling, given that Berkshire exited its position in many stocks, including UnitedHealth Group, Mastercard, and Domino's Pizza, among others. These are businesses that arguably look to be in better shape than Kraft, and yet, Berkshire decided to remain invested in the struggling food company.
It may be a sign that Berkshire is more open to hanging onto Kraft as an investment now that it's no longer looking to break up. However, with the company facing considerable headwinds, it's a riskier-looking investment than the stocks that Berkshire exited this past quarter, which is why it's surprising to see Kraft surviving such a mass exodus. In the past five years, Kraft's stock has declined by a staggering 46%, making it one of Berkshire's worst holdings over that stretch.
Do these moves make Berkshire's stock a better buy? Berkshire's stock is down 4% this year as investors grapple with the reality of Buffett no longer leading the company. The moves Berkshire made this quarter don't necessarily make the business a whole lot better or worse, but they do indicate a shift in strategy, where the company may be more willing to pay higher prices for stocks and venture into new opportunities. For long-term investors, the stock can still be a great buy and an effective way to diversify your portfolio.
David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Berkshire Hathaway, Chevron, Domino's Pizza, and Mastercard. The Motley Fool recommends Delta Air Lines, Kraft Heinz, Occidental Petroleum, and UnitedHealth Group. The Motley Fool has a disclosure policy.
Kraft Heinz (KHC) appears significantly undervalued, with all three valuation models indicating intrinsic equity values far above its current market cap. KHC faces declining market share and earnings, but sustainable growth and cash flow projections support equity values around $51–54 billion versus a $28 billion market cap. DCF, Gordon Growth, and FCFE models, using conservative assumptions, consistently yield per-share valuations of $34–$45, implying 43–89% upside.
Kraft's mac & cheese sits on a supermarket shelf in Encinitas, California, U.S., September 2, 2025. REUTERS/Mike Blake/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesKraft Heinz CEO Steve Cahillane expects improved innovation pipeline in 2027New CEO has earmarked $600 million for marketing, product revampCompany could invest more if profits allow, CEO saysKraft Heinz portfolio seeing market share improvements this yearLONDON, June 3 (Reuters) - Kraft Heinz (KHC.O), opens new tab aims to accelerate product innovation next year, CEO Steve Cahillane told Reuters, as the packaged food company steps up investment to reverse years of market share losses.
Cahillane, who took the helm in January, has earmarked $600 million for marketing and R&D this year to rebuild innovation and revive the main U.S. business which generates almost 70% of sales.
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"Next year is going to be better because we've put a lot of changes in place around the R&D, around process improvement, around resource allocation that will lead to a better innovation pipeline for 2027 than we had in 2026," Cahillane said, without providing details.
The push comes as Kraft Heinz expands into higher-protein and lower-sugar products, launching a protein-infused version of its popular Mac & Cheese in March, followed by electrolyte-enhanced Capri Sun drinks and adding to its sugar-free Heinz Zero range, targeting consumers shifting toward healthier options.
"You've got to be willing to step out there and extend your brand a little bit and try things," said Ross Glotzbach, CEO and director of research at a Kraft Heinz investor, Southeastern Asset Management, who supported the moves.
Kraft Heinz share priceHorizontal bar chart showing U.S. mac and cheese market share for Kraft, Velveeta, private label and Goodles from 2022 to 2026. Kraft and Velveeta lose share while private label and Goodles gain, illustrating rising competition.The renewed focus follows a long period where the company has been one of the sector's worst performers, losing market share for the last decade to both rival conglomerates and challenger brands such as Goodles amid underinvestment, cost cuts and rising competition from healthier and private‑label brands.
The company's shares are down 3.8% this year but have significantly outperformed peers such as Conagra Brands (CAG.N), opens new tab and Campbell's (CPB.O), opens new tab, whose shares have lost around 25%, suggesting support for the strategy from investors.
Ketchup maker's shares versus rivals since new CEO Steve Cahillane took over on January 1WILL INNOVATION BE ENOUGH?Cahillane's biggest decision in his first weeks as CEO was to freeze plans to split the company in two - one focused on groceries and the other on sauces and spreads - saving $300 million.
Analysts say sustained growth for the combined group will require continued investment, as Kraft Heinz competes in low-growth categories.
Kraft Heinz's U.S. volumes fell 4.1% in the four weeks to May 16 compared with a year earlier and dollar sales were down 1.9%, said BNP Paribas analyst Max Gumport, citing Nielsen data.
"That's not going to be a sustainable outcome after $600 million of investment," said Gumport. "When you get to the end of this year, they will need to invest more, because what you need is volumes to be flat and dollar sales up for this business to work."
Kraft Heinz is also pledging to absorb about 80% of inflation this year rather than risk trying to pass it on to customers, limiting its ability to offset costs and increasing reliance on new products to drive growth.
Cahillane said the company will step up spending further if early gains from new products continue.
The proportion of the company's products that were holding or gaining market share rose to 58% in March from 21% at the end of 2025, Kraft Heinz said in May.
"Some of the early returns we're seeing gives us optimism that we might have the opportunity to invest even more," he said.
Grouped bar chart showing Kraft Heinz annual net sales and net income from 2019 to 2026. Sales edge lower after 2023. Profits swung sharply in 2025 as the company took a $9.3 billion write-down on some intangible assetsReporting by Alexander Marrow; Editing by Lisa Jucca and Elaine Hardcastle
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Alexander covers European consumer goods from London, focusing on the corporate strategies of companies including Nestle, Unilever, Danone and Reckitt, as well as on how their products impact consumers’ daily lives. Alexander previously covered Russia’s economy and companies from Moscow, reporting on the fallout from Russia’s 2022 invasion of Ukraine and the Western corporate exodus that followed.
In the latest trading session, Kraft Heinz (KHC - Free Report) closed at $22.47, marking a -1.27% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. At the same time, the Dow added 1.73%, and the tech-heavy Nasdaq lost 0.09%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen a decrease of 1.34% over the last month, not keeping up with the Consumer Staples sector's loss of 1.05% and the S&P 500's gain of 4.59%.
Market participants will be closely following the financial results of Kraft Heinz in its upcoming release. The company is forecasted to report an EPS of $0.53, showcasing a 23.19% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $6.12 billion, down 3.59% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.07 per share and revenue of $24.43 billion. These totals would mark changes of -20.38% and -2.06%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.41% higher within the past month. Kraft Heinz is currently a Zacks Rank #3 (Hold).
In terms of valuation, Kraft Heinz is presently being traded at a Forward P/E ratio of 11.02. This indicates a discount in contrast to its industry's Forward P/E of 12.7.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
A month has gone by since the last earnings report for Kraft Heinz (KHC - Free Report) . Shares have lost about 5% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Kraft Heinz due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.
Kraft Heinz Q1 Earnings Beat Estimates Despite Organic Sales DipThe Kraft Heinz Company posted first-quarter 2026 results, wherein it posted adjusted earnings of 58 cents per share, beating the Zacks Consensus Estimate of 50 cents. Quarterly adjusted earnings fell 6.5% year over year, mainly due to lower adjusted operating income, partially offset by reduced tax expenses on adjusted earnings.
The company generated net sales of $6,047 million, up 0.8% year over year. The metric beat the Zacks Consensus Estimate of $5,908 million. The increase included a favorable 1.9 percentage-point impact from foreign currency, partially offset by a 0.7 percentage-point drag from divestitures. However, organic net sales declined 0.4% compared with the prior-year period. Our model expected a 3.2% dip in organic sales.
Pricing contributed positively, rising 0.8 percentage points across all segments, mainly driven by price increases in select categories to offset higher input costs. In contrast, volume/mix fell 1.2 percentage points, with declines across all segments. This weakness was largely due to reduced demand in coffee, cold cuts and Indonesia, which outweighed gains from seasonal factors such as the shift in Easter timing.
The adjusted gross profit of $2,064 million increased from the $2,061 million reported in the year-ago quarter. However, adjusted gross margin contracted 30 bps to 34.1%. We expected an adjusted gross margin decline of 120 bps to 33.1%. Adjusted operating income declined 11.8% year over year to $1,058 million. The drop was primarily caused by higher advertising expenses, inflationary pressures in manufacturing and logistics that exceeded efficiency gains, and unfavorable volume/mix. These headwinds more than offset the benefits from higher pricing, one-time procurement cost recoveries and favorable foreign currency effects.
Decoding KHC’s Segment-Wise ResultsNorth America: Net sales of $4,458 million declined 0.7% year over year. Organic sales fell 1.1%. We expected a 4% decline in segment organic sales. During the quarter, pricing increased 0.4 percentage points and the volume/mix fell 1.5 percentage points.
International Developed Markets: Net sales of $843 million were up 3.2% year over year. Organic sales declined 0.1%, with pricing up 0.2 percentage points and volume/mix dipping 0.3 percentage points. We expected a 3.6% decline in segment organic sales.
Emerging Markets: Net sales of $746 million were up 7.6% year over year. Organic sales grew 3.8%. We expected 2.2% growth in segment organic sales. Pricing was up 4.4 percentage points, but volume/mix declined 0.6 percentage points.
Kraft Heinz: Other Financial Aspects & GuidanceKraft Heinz ended the quarter with cash and cash equivalents of $3,308 million, long-term debt of $19,223 million and total shareholders’ equity (excluding noncontrolling interest) of $41,923 million. Net cash provided by operating activities was $1,006 million for the three months ended March 28, 2026, and free cash flow was $766 million. The company returned $474 million to its shareholders through cash dividends in the first quarter. Kraft Heinz did not repurchase any shares under its existing buyback program. As of March 28, 2026, KHC had approximately $1.5 billion remaining under its authorized repurchase capacity.
For 2026, Kraft Heinz still expects organic net sales to decline 1.5% to 3.5% year over year, indicating an estimated 100 bps impact from incremental SNAP-related headwinds.
Constant currency adjusted operating income is projected to decline 14% to 18%. Adjusted gross profit margin is expected to decrease 25-75 bps compared with the prior year. The company anticipates adjusted EPS to be between $1.98 and $2.10.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates review.
VGM ScoresAt this time, Kraft Heinz has a average Growth Score of C, however its Momentum Score is doing a lot better with an A. Following the exact same course, the stock was allocated a score of A on the value side, putting it in the top quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Kraft Heinz has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerKraft Heinz is part of the Zacks Food - Miscellaneous industry. Over the past month, Sysco (SYY - Free Report) , a stock from the same industry, has gained 2%. The company reported its results for the quarter ended March 2026 more than a month ago.
Sysco reported revenues of $20.52 billion in the last reported quarter, representing a year-over-year change of +4.7%. EPS of $0.94 for the same period compares with $0.96 a year ago.
Sysco is expected to post earnings of $1.51 per share for the current quarter, representing a year-over-year change of +2%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Sysco. Also, the stock has a VGM Score of B.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Campbell’s Co (NASDAQ:CPB)General Mills Inc (NYSE:GIS)Kraft Heinz Co (NASDAQ:KHC)Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Kraft Heinz (KHC - Free Report) closed the most recent trading day at $24.05, moving +2.65% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen an increase of 0.26% over the last month, not keeping up with the Consumer Staples sector's gain of 0.43% and outstripping the S&P 500's loss of 0.03%.
Market participants will be closely following the financial results of Kraft Heinz in its upcoming release. It is anticipated that the company will report an EPS of $0.53, marking a 23.19% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $6.12 billion, showing a 3.59% drop compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.07 per share and revenue of $24.43 billion. These totals would mark changes of -20.38% and -2.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Kraft Heinz. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.1% upward. Kraft Heinz presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Kraft Heinz is currently exchanging hands at a Forward P/E ratio of 11.34. This expresses a discount compared to the average Forward P/E of 12.47 of its industry.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 203, this industry ranks in the bottom 17% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
After more than 150 years of appearing side by side, Heinz and Heineken® launch their first official collaboration; a mildly revolutionary Heinz x Heineken® six-pack, which includes five Heineken® beers and one bottle of Heinz Tomato KetchupA partnership that might feel unexpected, but is actually incredibly obviousAnd, as all good brand collaborations do, has even ventured into the world of fashion with a limited edition Heinz x Heineken jersey so consumers can wear this pairing with prideFans of both brands can be in for the chance to win the exclusive six-pack and the jersey via the Heinz Instagram AMSTERDAM, June 12, 2026 (GLOBE NEWSWIRE) -- For more than a century, HEINZ and Heineken® have played a role in bringing people together… around tables, in front of screens, at events, and beyond. Now the two iconic brands have officially come together to celebrate a connection of their own — giving everyone the match we’ve all been waiting for.
An iconic limited edition six pack featuring five Heineken® beers and one bottle of Heinz Tomato Ketchup. This is an official collaboration between two brands whose connection has been sitting in plain sight for 150 years.
Whilst brand collaborations are nothing new, this one was set side by side in the name itself… a detail that’s hard to ignore once you’ve seen it, and one that makes this feel less like a new idea, and more like something that was always bound to happen. An unexpected but obvious partnership.
Because whilst the world often leans into rivalries… especially at times like this… some pairings never really play that game. In fact, sometimes they are even better together.
Karen Owen, Chief Growth Officer at HEINZ Europe and Pacific, said, “For 150 years, HEINZ and Heineken have been part of the moments that bring people together. This summer, we're making it official. From the irrational love that inspires our fans to go ‘all in’ to our shared commitment to quality, this partnership may be our most rational one yet."
Nabil Nasser, Global Head of Brand Heineken®, added, “Heineken has always been about sparking fresh connections. This collaboration is a reminder that even the most unlikely pairings can feel completely natural when they’re part of shared moments - it’s the match we’ve all been waiting for… as unexpected as it might be.”
With collaborations becoming more and more exclusive, these two beloved brands have created something that everyone can get their hands on. Consumers can create their own Heinz x Heineken® DIY six-pack, offering a simple, official take on a pairing that’s been around for years.
And if you want to get your hands on the six-pack and an exclusive Heinz x Heineken jersey, stay tuned to the Heinz Instagram for the upcoming giveaway.
About Heineken®
HEINEKEN is the World's Pioneering Beer Company™. It is the leading developer and marketer of premium and nonalcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 340 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 85,000 employees, we brew the joy of true togetherness to inspire a better world. Our dream is to shape the future of beer and beyond to win the hearts of consumers. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through Brew a Better World, sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on our Company’s website and follow us on LinkedIn and Instagram.
About The Kraft Heinz Company
Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high‑quality, great‑tasting, and affordable food for the consumers of today, while shaping the future of food. Learn more at www.kraftheinzcompany.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/80d1620c-0979-4f41-9667-50aec0e689a0
Heinz x Heineken After more than 150 years of appearing side by side, Heinz and Heineken® launch their first official...
