Kraft Heinz management commentary attributes Q3 2026 organic net sales decline of 1.1% to U.S. retail weakness

• Kraft Heinz management commentary reported third-quarter 2026 organic net sales down 1.1%, driven by U.S. retail weakness despite emerging-market growth.
• Constant-currency adjusted operating income fell 14.6%, reflecting higher variable compensation costs and planned increases in marketing, R&D and staffing investment.
• Adjusted gross profit margin contracted 40 basis points as procurement and logistics inflation outweighed productivity gains.
• Full-year organic net sales guidance narrowed to a decline of 0.5%-1.25%, versus a previous forecast of a 0.5%-2% decline.
• Management raised adjusted EPS guidance to $2.07-$2.13 from $2.03-$2.09, primarily reflecting a lower effective tax rate.

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