Frost Diana sold $427K of KHC

Kraft Heinz (KHC) shares rose 0.23% in premarket after its Q2 results beat LSEG estimates by $142 million on sales. The company raised 2026 organic-sales guidance (midpoint +125 bps) and adjusted EPS (midpoint about +1% to $2.06), but adjusted operating margin guidance declined about 346 bps. GAAP operating loss was $6.4B, including a $7.4B impairment.

Kraft Heinz shares fell about 2.4% after its Q2 2026 results. The company reported adjusted EPS of $0.56 (vs. $0.53) and revenue of $6.26B (vs. $6.11B), but also recorded $7.35B in non-cash impairment charges and an 18.4% drop in adjusted operating income. Q3 guidance called for organic net sales down 1% to 2.5% and operating income down 23% to 25% YoY.

Kraft Heinz said its planned breakup into two companies remains paused, while near-term focus stays on improving the core business. The company will add $100m to its 2024 marketing, pricing, sales and R&D push, after a prior $600m plan. Q2 results were 56 cents EPS on $6.26bn revenue, and shares fell about 4% despite a raised outlook.

JPMorgan upgraded Kraft Heinz (KHC) to Overweight from Neutral, citing better-than-expected Q2 results and disciplined deleveraging. The bank raised planned investment to $700 million and lifted free cash flow conversion guidance to 110% from 100%. It expects net leverage to peak near 3.3x, then return to about 3.0x within two years, with catalysts including credit outlook and potential divestitures.

Kraft Heinz (KHC) raised its annual forecasts after quarterly results beat estimates. The company expects organic sales to decline 0.5% to 2.0% (prior 1.5% to 3.5%) and adjusted EPS of $2.03 to $2.09 (prior $1.98 to $2.10). Quarterly sales fell to $6.26B, adjusted profit 56 cents/share. It plans incremental investment of about $700M in 2026.

Kraft Heinz reported Q2 sales of $8.9 billion, down 1.4% year over year, but a smaller quarterly loss of $7.7 billion versus $11.1 billion a year earlier, according to the company. CEO Steve Cahillane said results beat expectations and that Kraft Heinz will raise its organic net sales outlook. The firm paused a planned breakup and plans $100 million more incremental investments to about $700 million in 2026.