Q3 FY26 · Ended Sep 26, 2026 · View SEC filing
Overhead, not factory costs, cut operating profit
Gross profit held at $1.99B, but SG&A before impairments rose 11.9%, so operating income fell despite a wider gross margin.
For investorsWhat has to go right for the brand spending to pay off
For foundersRunning a brand portfolio when one category carries the rest
Condiments, Sauces, and Spreads grew 1.4% while Meats fell 10.4%, so the portfolio is narrowing toward its strongest category.
Large write-downs produce reported losses, but the cash the brands generate has stayed positive, funding the dividend and debt repayment.
Cost of products sold fell faster than net sales, so each dollar of sales kept more gross profit than a year earlier.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Kraft Heinz from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
