KHC Q4 2025 Earnings
Reported Feb 11, 2026 at 7:06 AM ET · SEC Source
Q4 25 EPS
$0.67
BEAT +9.41%
Est. $0.61
Q4 25 Revenue
$6.35B
MISS 0.37%
Est. $6.38B
vs S&P Since Q4 25
-14.1%
TRAILING MARKET
KHC -8.4% vs S&P +5.8%
Full Year 2025 Results
FY 25 EPS
$2.60
BEAT +2.95%
Est. $2.53
FY 25 Revenue
$24.94B
MISS 0.09%
Est. $24.97B
Market Reaction
Did KHC Beat Earnings? Q4 2025 Results
Kraft Heinz delivered a mixed fourth quarter for fiscal 2025, posting adjusted EPS of $0.67 against a consensus estimate of $0.61, a beat of 9.41%, even as revenue of $6.35 billion came in fractionally below the $6.38 billion Wall Street expected and… Read more Kraft Heinz delivered a mixed fourth quarter for fiscal 2025, posting adjusted EPS of $0.67 against a consensus estimate of $0.61, a beat of 9.41%, even as revenue of $6.35 billion came in fractionally below the $6.38 billion Wall Street expected and fell 3.4% from the prior-year period. The headline profit beat, however, masks the depth of the operational challenge: volume and mix declined 4.7 percentage points in the quarter, dragged by persistent weakness across cold cuts, frozen meals, coffee, and condiments, while North America net sales dropped 5.4%. New CEO Steve Cahillane has responded with a significant strategic reset, committing $600 million in incremental investment toward marketing, R&D, and product superiority while pausing the previously announced company separation. Looking ahead, management guided fiscal 2026 adjusted EPS to $1.98 to $2.10, with organic net sales expected to decline 1.5% to 3.5%, a sobering outlook that reflects the scale of the turnaround effort now underway, consistent with broader pressures weighing on the packaged food sector.
Key Takeaways
- • Volume/mix declined 4.7 percentage points in Q4, driven by declines in coffee, cold cuts, Indonesia, bacon, and Ore-Ida
- • Price increased 0.5 percentage points in Q4 from pricing in certain categories to mitigate higher input costs
- • Inflationary pressures in commodity and manufacturing costs outpaced efficiency initiatives
- • Increased advertising expenses and R&D costs
- • Favorable foreign currency impact of 0.8 percentage points in Q4
- • Working capital improvements and lower capital expenditures drove improved free cash flow
KHC Forward Guidance & Outlook
For fiscal year 2026, Kraft Heinz expects Organic Net Sales to decline 1.5% to 3.5% (including approximately 100 basis points from incremental SNAP headwinds), Constant Currency Adjusted Operating Income to decline 14% to 18% (reflecting ~$600 million in incremental investments and ~300 basis points headwind from lapping lower variable compensation in 2025), Adjusted Gross Profit Margin down 25 to 75 basis points, Adjusted EPS in the range of $1.98 to $2.10 (with an effective tax rate of approximately 25.5%, interest expense of approximately $940 million, and other income of approximately $200 million), and Free Cash Flow Conversion of approximately 100%.
KHC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
KHC Revenue by Segment
With YoY comparisons, source: SEC Filings
KHC Revenue by Geography
With YoY comparisons, source: SEC Filings
“When I decided to join Kraft Heinz, I knew that this was an exciting opportunity to contemporize iconic brands, better serve consumers and customers, and build meaningful shareholder value. Since joining the company, I have seen that the opportunity is larger than expected and that many of our challenges are fixable and within our control. My number one priority is returning the business to profitable growth, which will require ensuring all resources are fully focused on the execution of our operating plan. As a result, we believe it is prudent to pause work related to the separation and we will no longer incur related dis-synergies this year.”
— Steve Cahillane, Q4 2025 Earnings Press Release
KHC Earnings Trends
KHC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KHC EPS Trend
Earnings per share: estimate vs actual
KHC Revenue Trend
Quarterly revenue: estimate vs actual
KHC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.61 | $0.67 | +9.41% | $6.35B | -0.37% |
| FY Full Year | $2.53 | $2.60 | +2.95% | $24.94B | -0.09% |
| Q3 25 BEAT | $0.58 | $0.61 | +5.50% | $6.24B | -0.34% |
| Q2 25 BEAT | $0.64 | $0.69 | +8.42% | $6.35B | +1.33% |
| Q1 25 BEAT | $0.60 | $0.62 | +2.70% | $6.00B | -0.38% |