Kraft Heinz combines emerging markets segments in Q3 2026

The supplemental segment tables recast historical results for comparison while leaving previously reported financial statements unchanged.

Rhea-AI Filing Summary

The Kraft Heinz Company reorganized its operating segments in the third quarter of 2026, combining West and East Emerging Markets (WEEM) and Asia Emerging Markets (AEM) into Emerging Markets. It also moved certain European countries from the former WEEM segment to Europe and Pacific Developed Markets. The resulting reportable segments are North America, Europe and Pacific Developed Markets, and Emerging Markets. The reorganization had no impact on previously reported financial statements.

Supplemental unaudited historical information recasts results for fiscal years 2023 through 2025 and quarters from March 2024 through June 2026 under the new structure. In the recast presentation, 2025 net sales were $24.942 billion, compared with $25.846 billion in 2024. Adjusted operating income, a non-GAAP measure, was $4.745 billion in 2025, compared with $5.360 billion in 2024.

1 point · 0 major

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Positive

• Moderate pointEmerging Markets adjusted operating income increased 8.9% in 2025.

Negative

• Moderate pointKraft Heinz adjusted operating income declined 11.5% in 2025.

Filing Explained

In the unaudited recast for the quarter ended June 27, 2026, the company presents net sales and Segment Adjusted Operating Income for North America, Europe and Pacific Developed Markets, and Emerging Markets.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net sales: $24.942 billion Net sales: $25.846 billion Adjusted operating income: $4.745 billion +2 more

5 metrics

Net sales $24.942 billion Year ended December 27, 2025

Net sales $25.846 billion Year ended December 28, 2024

Adjusted operating income $4.745 billion Year ended December 27, 2025; non-GAAP measure

Adjusted operating income $5.360 billion Year ended December 28, 2024; non-GAAP measure

Reportable segments 3 segments North America; Europe and Pacific Developed Markets; Emerging Markets

Key Terms

Organic Net Sales, Segment Adjusted Operating Income, Constant Currency Adjusted Operating Income

3 terms

Organic Net Sales financial

"Organic Net Sales is a non-GAAP financial measure."

Organic net sales represent the revenue generated from a company's core business activities, excluding the effects of acquisitions, divestments, or currency changes. It shows how well the company is growing through its existing products and services, similar to tracking how a plant grows from its own roots rather than by adding new plants. Investors use this measure to assess the true growth and health of a company's ongoing operations.

Segment Adjusted Operating Income financial

"Segment Adjusted Operating Income is defined as operating income/(loss)"

Segment adjusted operating income is the profit a specific part of a business generates from its core activities after removing one-time items, unusual charges, or accounting quirks that can distort results. Investors use it to see how a particular division is really performing, like checking a player’s game stats after ignoring fluke plays, so they can compare divisions and track true operating trends over time.

Constant Currency Adjusted Operating Income financial

"Reconciliation of Adjusted Operating Income to Constant Currency Adjusted Operating Income"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Did KHC's 2026 segment reorganization change its historical financial statements?

No. The company said the reorganization had no impact on previously reported financial statements. It provided unaudited historical segment information recast to match the new reportable-segment structure.

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Pre-filing blackline 10.06.2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 7, 2026

The Kraft Heinz Company

(Exact name of registrant as specified in its charter)

Delaware			001-37482			46-2078182
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

One PPG Place, Pittsburgh, Pennsylvania 15222

(Address of principal executive offices, including zip code)

(412) 456-5700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, $0.01 par value			KHC			New York Stock Exchange
3.500% Senior Notes due 2029			KHC29			The Nasdaq Stock Market LLC
3.500% Senior Notes due 2031			KHC31			The Nasdaq Stock Market LLC
3.250% Senior Notes due 2033			KHC33			The Nasdaq Stock Market LLC
3.950% Senior Notes due 2034			KHC34			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 8.01. Other Events.

Change in Segments:

In the third quarter of 2026, The Kraft Heinz Company (the “Company”) made changes to its internal reporting and reportable segments. The Company combined its West and East Emerging Markets (“WEEM”) and Asia Emerging Markets (“AEM”) segments to form the Emerging Markets operating segment in order to increase efficiencies and drive sustainable growth across the Company's global business. In conjunction with the creation of Emerging Markets, the Company moved certain European countries within the WEEM operating segment into the Europe and Pacific Developed Markets operating segment.

Subsequently, the Company manages its operating results through three operating segments, all of which are reportable segments: North America, Europe and Pacific Developed Markets, and Emerging Markets. Prior to the reorganization of its segments in the third quarter of 2026, the Company managed and reported its operating results through two reportable segments defined by geographic region: North America and Europe and Pacific Developed Markets (“EPDM” or International Developed Markets). The Company's previous two remaining operating segments, consisting of WEEM and AEM, were combined and disclosed as Emerging Markets.

The Company is providing supplemental historical segment financial information that conforms to the new reportable segment structure in Exhibit 99.1 hereto. This supplemental financial information is being provided to aid in comparability and has no impact on previously reported financial statements for any period.

Item 9.01. Financial Statements and Exhibits.

Exhibit No.						Description
99.1						Supplemental Historical Financial Information by New Reportable Segments for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, and for each of the quarters ended June 27, 2026, March 28, 2026, December 27, 2025, September 27, 2025, June 28, 2025, March 29, 2025, December 28, 2024, September 28, 2024, June 29, 2024, and March 30, 2024.
104						The cover page of The Kraft Heinz Company's Current Report on Form 8-K dated October 7, 2026, formatted in iXBRL.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			The Kraft Heinz Company
Date: October 7, 2026			By:			/s/ Andre Maciel
						Andre Maciel
						Executive Vice President and Global Chief Financial Officer

2

Exhibit 99.1

SUPPLEMENTAL HISTORICAL SEGMENT FINANCIAL INFORMATION AND SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION

Table of Contents

			Page No.
Introduction			2
Results of Operations by Segment			2
Non-GAAP Financial Measures			4

Unless the context otherwise requires, the terms “we,” “us,” “our,” “Kraft Heinz,” and the “Company” each refer to The Kraft Heinz Company and all of its consolidated subsidiaries. Unless the context otherwise requires, references to years and quarters contained herein pertain to our fiscal years and fiscal quarters.

Forward-Looking Statements

This supplemental information contains a number of forward-looking statements. Words such as “believe,” “evaluate,” “expect,” “grow,” “plan,” “reflect,” “will,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our plans, impacts of accounting standards and guidance, growth, legal matters, taxes, costs and cost savings, impairments, and dividends. These forward-looking statements reflect management’s current expectations 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 our control.

Important factors that may affect our business and operations and that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, operating in a highly competitive industry; our ability to correctly predict, identify, and interpret changes in consumer preferences and demand, to offer new products to meet those changes, and to respond to competitive innovation; changes in the retail landscape or the loss of key retail customers; changes in our relationships with significant customers or suppliers, or in other business relationships; our ability to maintain, extend, and expand our reputation and brand image; our ability to leverage our brand value to compete against private label products; our ability to drive revenue growth in our key product categories or platforms, increase our market share, or add products that are in faster-growing and more profitable categories; product recalls or other product liability claims; weather or environmental conditions and trends, including the impacts from and responses to climate change; our ability to identify, complete, or realize the benefits from strategic acquisitions, divestitures, alliances, joint ventures, or investments; our ability to successfully execute our strategic initiatives; the impacts of our international operations; our ability to protect intellectual property rights; our ability to realize the anticipated benefits from prior or future streamlining actions to reduce fixed costs, simplify or improve processes, and improve our competitiveness; the influence of our largest stockholder; our level of indebtedness, as well as our ability to comply with covenants under our debt instruments; additional impairments of the carrying amounts of goodwill or other indefinite-lived intangible assets; foreign exchange rate fluctuations; volatility in commodity, energy, and other input costs; volatility in the market value of all or a portion of the commodity derivatives we use; compliance with laws and regulations and related legal claims or regulatory enforcement actions; failure to maintain an effective system of internal controls; a downgrade in our credit rating; the impact of sales of our common stock in the public market; the impact of our share repurchases or any change in our share repurchase activity; our ability to continue to pay a regular dividend and the amounts of any such dividends; disruptions in the global economy caused by geopolitical conflicts (including the ongoing conflicts in the Middle East), unanticipated business disruptions and natural events in the locations in which we or our customers, suppliers, distributors, or regulators operate; economic and political conditions in the United States and various other nations where we do business (including inflationary pressures, the imposition of increased or new tariffs or other trade restrictions, instability in financial institutions, general economic slowdown, recession, or a potential U.S. federal government shutdown); changes in our management team or other key personnel and our ability to hire or retain key personnel or a highly skilled and diverse global workforce; our dependence on information technology and systems, including service interruptions, misappropriation of data, or breaches of security; increased pension, labor, and people-related expenses; changes in tax laws and interpretations and the final determination of tax audits, including transfer pricing matters, and any related litigation; volatility of capital markets and other macroeconomic factors; and other factors. For additional information on these and other factors that could affect our forward-looking statements, see Item 1A, Risk Factors, in our Annual Report on Form 10-K for the year ended December 27, 2025. We disclaim and do not undertake any obligation to update, revise, or withdraw any forward-looking statement in this supplemental information, except as required by applicable law or regulation.

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Introduction

Background:

In the third quarter of 2026, we reorganized our segments. For informational purposes only, we have provided this supplemental information to present the effects of these changes to certain previously disclosed financial information, including certain unaudited information related to our results of operations by segment and non-GAAP financial measures for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, as well as each of the quarters ended June 27, 2026, March 28, 2026, December 27, 2025, September 27, 2025, June 28, 2025, March 29, 2025, December 28, 2024, September 28, 2024, June 29, 2024, and March 30, 2024. These changes had no impact on our condensed consolidated financial statements for any of the periods presented in our Quarterly Reports on Form 10-Q or our consolidated financial statements for any of the periods presented in our Annual Report on Form 10-K for the year ended December 27, 2025 filed on February 12, 2026 (“2025 Form 10-K”).

The following unaudited financial information is based on our historical financial statements after giving effect to the segment reorganization in the third quarter of 2026. You should read this supplemental information together with our audited consolidated financial statements and related Notes to Consolidated Financial Statements in our 2025 Form 10-K. The financial information contained in this supplemental information is not indicative of future or annual results.

Change in Segments:

Prior to the reorganization of our segments in the third quarter of 2026, we managed and reported our operating results through two reportable segments defined by geographic region: North America and Europe and Pacific Developed Markets (“EPDM” or International Developed Markets). Our remaining operating segments, consisting of West and East Emerging Markets (“WEEM”) and Asia Emerging Markets (“AEM”), were combined and disclosed as Emerging Markets.

In the third quarter of 2026, our internal reporting and reportable segments changed. We combined our WEEM and AEM segments to form the Emerging Markets operating segment in order to increase efficiencies and drive sustainable growth across our global business. In conjunction with the creation of the Emerging Markets operating segment, we moved certain European countries within the former WEEM operating segment into the Europe and Pacific Developed Markets operating segment.

Subsequent to the reorganization, we manage our operating results through three operating segments, all of which are reportable segments: North America, Europe and Pacific Developed Markets, and Emerging Markets.

Results of Operations by Segment

In this supplemental information, in addition to results prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), we disclose certain non-GAAP financial measures. These non-GAAP financial measures assist management in comparing our performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect our underlying operations. See the Non-GAAP Financial Measures section for additional information and reconciliations from GAAP financial measures.

Management evaluates segment performance based on several factors, including net sales, Organic Net Sales, and Segment Adjusted Operating Income. Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for additional information. Segment Adjusted Operating Income is defined as operating income/(loss) excluding, when they occur, the impacts of restructuring activities, deal costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, separation costs, and certain non-ordinary course legal and regulatory matters. Segment Adjusted Operating Income is a financial measure that can assist management and investors in comparing our performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect our underlying operations. Management also uses Segment Adjusted Operating Income to allocate resources.

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			2025 Compared to 2024												2024 Compared to 2023
			For the Year Ended
			December 27, 2025						December 28, 2024						December 28, 2024						December 30, 2023
			(in millions)
North America
Net sales			$	18,586					$	19,543					$	19,543					$	20,126
Organic Net Sales(a)			18,621						19,543						19,570						20,126
Segment Adjusted Operating Income			4,389						5,111						5,111						5,050
Europe and Pacific Developed Markets
Net sales			3,817						3,809						3,809						3,880
Organic Net Sales(a)			3,730						3,809						3,786						3,880
Segment Adjusted Operating Income			599						597						597						571
Emerging Markets
Net sales			2,539						2,494						2,494						2,634
Organic Net Sales(a)			2,538						2,404						2,593						2,490
Segment Adjusted Operating Income			285						261						261						327

(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.

			2026 Compared to 2025
			For the Three Months Ended
			June 27, 2026						June 28, 2025						March 28, 2026						March 29, 2025
			(in millions)
North America
Net sales			$	4,626					$	4,757					$	4,458					$	4,488
Organic Net Sales(a)			4,626						4,757						4,438						4,488
Segment Adjusted Operating Income			988						1,173						974						1,101
Europe and Pacific Developed Markets
Net sales			935						967						912						882
Organic Net Sales(a)			914						922						841						845
Segment Adjusted Operating Income			137						150						147						142
Emerging Markets
Net sales			701						628						677						629
Organic Net Sales(a)			667						608						640						611
Segment Adjusted Operating Income			94						86						81						84

(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.

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			2025 Compared to 2024
			For the Three Months Ended
			December 27, 2025						December 28, 2024						September 27, 2025						September 28, 2024
			(in millions)
North America
Net sales			$	4,700					$	4,968					$	4,641					$	4,826
Organic Net Sales(a)			4,700						4,968						4,645						4,826
Segment Adjusted Operating Income			1,097						1,318						1,018						1,237
Europe and Pacific Developed Markets
Net sales			1,004						982						964						949
Organic Net Sales(a)			959						982						933						949
Segment Adjusted Operating Income			164						155						143						148
Emerging Markets
Net sales			650						626						632						608
Organic Net Sales(a)			618						602						623						588
Segment Adjusted Operating Income			49						74						66						71

(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.

			2025 Compared to 2024
			For the Three Months Ended
			June 28, 2025						June 29, 2024						March 29, 2025						March 30, 2024
			(in millions)
North America
Net sales			$	4,757					$	4,921					$	4,488					$	4,828
Organic Net Sales(a)			4,761						4,921						4,515						4,828
Segment Adjusted Operating Income			1,173						1,341						1,101						1,215
Europe and Pacific Developed Markets
Net sales			967						955						882						923
Organic Net Sales(a)			932						955						906						923
Segment Adjusted Operating Income			150						142						142						153
Emerging Markets
Net sales			628						600						629						660
Organic Net Sales(a)			635						582						662						632
Segment Adjusted Operating Income			86						50						84						65

(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.

Non-GAAP Financial Measures

The non-GAAP financial measures we provide in this supplemental information should be viewed in addition to, and not as an alternative for, results prepared in accordance with GAAP.

To supplement the GAAP financial information provided, we have presented Organic Net Sales, Adjusted Operating Income, and Constant Currency Adjusted Operating Income, which are considered non-GAAP financial measures. The non-GAAP financial measures presented may differ from similarly titled non-GAAP financial measures presented by other companies, and other companies may not define these non-GAAP financial measures in the same way. These measures are not substitutes for their comparable GAAP financial measures, such as net sales, operating income/(loss), or other measures prescribed by GAAP, and there are limitations to using non-GAAP financial measures.

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Management uses these non-GAAP financial measures to assist in comparing our performance on a consistent basis for purposes of business decision making by removing the impact of certain items that management believes do not directly reflect our underlying operations. We believe that Organic Net Sales, Adjusted Operating Income, and Constant Currency Adjusted Operating Income provide important comparability of underlying operating results, allowing investors and management to assess the Company’s operating performance on a consistent basis. Management believes that presenting our non-GAAP financial measures (i.e., Organic Net Sales, Adjusted Operating Income, and Constant Currency Adjusted Operating Income) is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items, (ii) permits investors to view performance using the same tools that management uses to budget, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating our results. We believe that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provides investors with additional understanding of the factors and trends affecting our business than could be obtained absent these disclosures.

Organic Net Sales is defined as net sales excluding, when they occur, the impact of currency, acquisitions and divestitures, and a 53rd week of shipments. We calculate the impact of currency on net sales by holding exchange rates constant at the previous year’s exchange rate, with the exception of highly inflationary subsidiaries, for which we calculate the previous year’s results using the current year’s exchange rate.

Adjusted Operating Income is defined as operating income/(loss) excluding, when they occur, the impacts of restructuring activities, deal costs, separation costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, and certain non-ordinary course legal and regulatory matters. We also present Adjusted Operating Income on a constant currency basis. We calculate the impact of currency on Adjusted Operating Income by holding exchange rates constant at the previous year’s exchange rate, with the exception of highly inflationary subsidiaries, for which we calculate the previous year’s results using the current year’s exchange rate.

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The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Year Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
December 27, 2025
North America			$	18,586					$	(35)					$	—											$	18,621
Europe and Pacific Developed Markets			3,817						87						—												3,730
Emerging Markets			2,539						1						—												2,538
Kraft Heinz			$	24,942					$	53					$	—											$	24,889
December 28, 2024
North America			$	19,543					$	—					$	—											$	19,543
Europe and Pacific Developed Markets			3,809						—						—												3,809
Emerging Markets			2,494						80						10												2,404
Kraft Heinz			$	25,846					$	80					$	10											$	25,756

Year-over-year growth rates
North America			(4.9)		%				(0.2) pp						0.0 pp												(4.7)		%				0.3 pp						(5.0) pp
Europe and Pacific Developed Markets			0.2		%				2.3 pp						0.0 pp												(2.1)		%				0.7 pp						(2.8) pp
Emerging Markets			1.8		%				(3.3) pp						(0.5) pp												5.6		%				4.6 pp						1.0 pp
Kraft Heinz			(3.5)		%				(0.1) pp						0.0 pp												(3.4)		%				0.7 pp						(4.1) pp

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The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Year Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
December 28, 2024
North America			$	19,543					$	(27)					$	—											$	19,570
Europe and Pacific Developed Markets			3,809						23						—												3,786
Emerging Markets			2,494						(111)						12												2,593
Kraft Heinz			$	25,846					$	(115)					$	12											$	25,949
December 30, 2023
North America			$	20,126					$	—					$	—											$	20,126
Europe and Pacific Developed Markets			3,880						—						—												3,880
Emerging Markets			2,634						77						67												2,490
Kraft Heinz			$	26,640					$	77					$	67											$	26,496

Year-over-year growth rates
North America			(2.9)		%				(0.1) pp						0.0 pp												(2.8)		%				1.4 pp						(4.2) pp
Europe and Pacific Developed Markets			(1.8)		%				0.6 pp						0.0 pp												(2.4)		%				0.0 pp						(2.4) pp
Emerging Markets			(5.3)		%				(7.1) pp						(2.3) pp												4.1		%				3.9 pp						0.2 pp
Kraft Heinz			(3.0)		%				(0.7) pp						(0.2) pp												(2.1)		%				1.4 pp						(3.5) pp

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The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
June 27, 2026
North America			$	4,626					$	—					$	—											$	4,626
Europe and Pacific Developed Markets			935						21						—												914
Emerging Markets			701						34						—												667
Kraft Heinz			$	6,262					$	55					$	—											$	6,207
June 28, 2025
North America			$	4,757					$	—					$	—											$	4,757
Europe and Pacific Developed Markets			967						—						45												922
Emerging Markets			628						20						—												608
Kraft Heinz			$	6,352					$	20					$	45											$	6,287

Year-over-year growth rates
North America			(2.7)		%				0.0 pp						0.0 pp												(2.7)		%				1.1 pp						(3.8) pp
Europe and Pacific Developed Markets			(3.3)		%				2.1 pp						(4.5) pp												(0.9)		%				0.4 pp						(1.3) pp
Emerging Markets			11.6		%				1.8 pp						0.0 pp												9.8		%				5.3 pp						4.5 pp
Kraft Heinz			(1.4)		%				0.5 pp						(0.6) pp												(1.3)		%				1.3 pp						(2.6) pp

8

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
March 28, 2026
North America			$	4,458					$	20					$	—											$	4,438
Europe and Pacific Developed Markets			912						71						—												841
Emerging Markets			677						37						—												640
Kraft Heinz			$	6,047					$	128					$	—											$	5,919
March 29, 2025
North America			$	4,488					$	—					$	—											$	4,488
Europe and Pacific Developed Markets			882						—						37												845
Emerging Markets			629						18						—												611
Kraft Heinz			$	5,999					$	18					$	37											$	5,944

Year-over-year growth rates
North America			(0.7)		%				0.4 pp						0.0 pp												(1.1)		%				0.4 pp						(1.5) pp
Europe and Pacific Developed Markets			3.3		%				8.0 pp						(4.3) pp												(0.4)		%				0.1 pp						(0.5) pp
Emerging Markets			7.8		%				3.2 pp						0.0 pp												4.6		%				4.9 pp						(0.3) pp
Kraft Heinz			0.8		%				1.9 pp						(0.7) pp												(0.4)		%				0.8 pp						(1.2) pp

9

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
December 27, 2025
North America			$	4,700					$	—					$	—											$	4,700
Europe and Pacific Developed Markets			1,004						45						—												959
Emerging Markets			650						32						—												618
Kraft Heinz			$	6,354					$	77					$	—											$	6,277
December 28, 2024
North America			$	4,968					$	—					$	—											$	4,968
Europe and Pacific Developed Markets			982						—						—												982
Emerging Markets			626						24						—												602
Kraft Heinz			$	6,576					$	24					$	—											$	6,552

Year-over-year growth rates
North America			(5.4)		%				0.0 pp						0.0 pp												(5.4)		%				0.0 pp						(5.4) pp
Europe and Pacific Developed Markets			2.3		%				4.6 pp						0.0 pp												(2.3)		%				1.7 pp						(4.0) pp
Emerging Markets			3.8		%				1.2 pp						0.0 pp												2.6		%				2.5 pp						0.1 pp
Kraft Heinz			(3.4)		%				0.8 pp						0.0 pp												(4.2)		%				0.5 pp						(4.7) pp

10

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
September 27, 2025
North America			$	4,641					$	(4)					$	—											$	4,645
Europe and Pacific Developed Markets			964						31						—												933
Emerging Markets			632						9						—												623
Kraft Heinz			$	6,237					$	36					$	—											$	6,201
September 28, 2024
North America			$	4,826					$	—					$	—											$	4,826
Europe and Pacific Developed Markets			949						—						—												949
Emerging Markets			608						20						—												588
Kraft Heinz			$	6,383					$	20					$	—											$	6,363

Year-over-year growth rates
North America			(3.8)		%				0.0 pp						0.0 pp												(3.8)		%				0.4 pp						(4.2) pp
Europe and Pacific Developed Markets			1.5		%				3.2 pp						0.0 pp												(1.7)		%				0.9 pp						(2.6) pp
Emerging Markets			4.1		%				(1.9) pp						0.0 pp												6.0		%				4.8 pp						1.2 pp
Kraft Heinz			(2.3)		%				0.2 pp						0.0 pp												(2.5)		%				1.0 pp						(3.5) pp

11

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
June 28, 2025
North America			$	4,757					$	(4)					$	—											$	4,761
Europe and Pacific Developed Markets			967						35						—												932
Emerging Markets			628						(7)						—												635
Kraft Heinz			$	6,352					$	24					$	—											$	6,328
June 29, 2024
North America			$	4,921					$	—					$	—											$	4,921
Europe and Pacific Developed Markets			955						—						—												955
Emerging Markets			600						16						2												582
Kraft Heinz			$	6,476					$	16					$	2											$	6,458

Year-over-year growth rates
North America			(3.3)		%				(0.1) pp						0.0 pp												(3.2)		%				0.2 pp						(3.4) pp
Europe and Pacific Developed Markets			1.3		%				3.7 pp						0.0 pp												(2.4)		%				0.6 pp						(3.0) pp
Emerging Markets			4.6		%				(4.1) pp						(0.4) pp												9.1		%				6.0 pp						3.1 pp
Kraft Heinz			(1.9)		%				0.1 pp						0.0 pp												(2.0)		%				0.7 pp						(2.7) pp

12

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Net Sales to Organic Net Sales

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Net Sales						Currency						Acquisitions and Divestitures												Organic Net Sales						Price						Volume/Mix
March 29, 2025
North America			$	4,488					$	(27)					$	—											$	4,515
Europe and Pacific Developed Markets			882						(24)						—												906
Emerging Markets			629						(33)						—												662
Kraft Heinz			$	5,999					$	(84)					$	—											$	6,083
March 30, 2024
North America			$	4,828					$	—					$	—											$	4,828
Europe and Pacific Developed Markets			923						—						—												923
Emerging Markets			660						20						8												632
Kraft Heinz			$	6,411					$	20					$	8											$	6,383

Year-over-year growth rates
North America			(7.0)		%				(0.5) pp						0.0 pp												(6.5)		%				0.6 pp						(7.1) pp
Europe and Pacific Developed Markets			(4.4)		%				(2.6) pp						0.0 pp												(1.8)		%				(0.2) pp						(1.6) pp
Emerging Markets			(4.7)		%				(8.1) pp						(1.3) pp												4.7		%				4.9 pp						(0.2) pp
Kraft Heinz			(6.4)		%				(1.6) pp						(0.1) pp												(4.7)		%				0.9 pp						(5.6) pp

13

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Operating Income/(Loss) to Adjusted Operating Income

For the Year Ended

(dollars in millions)

(Unaudited)

			December 27, 2025						December 28, 2024						December 30, 2023
Operating income/(loss)			$	(4,669)					$	1,683					$	4,572
Restructuring activities			13						27						60
Unrealized losses/(gains) on commodity hedges			35						(19)						1
Impairment losses			9,306						3,669						662
Separation costs			60						—						—
Certain non-ordinary course legal and regulatory matters			—						—						2
Adjusted Operating Income			$	4,745					$	5,360					$	5,297

14

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Operating Income/(Loss) to Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			June 27, 2026						March 28, 2026
Operating income/(loss)			$	(6,431)					$	1,145
Restructuring activities			9						22
Unrealized losses/(gains) on commodity hedges			101						(178)
Impairment losses			7,352						13
Separation costs			10						56
Adjusted Operating Income			$	1,041					$	1,058

15

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Operating Income/(Loss) to Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			December 27, 2025						September 27, 2025						June 28, 2025						March 29, 2025
Operating income/(loss)			$	1,084					$	1,025					$	(7,974)					$	1,196
Restructuring activities			3						6						—						4
Unrealized losses/(gains) on commodity hedges			29						23						(16)						(1)
Impairment losses			5						35						9,266						—
Separation costs			43						17						—						—
Adjusted Operating Income			$	1,164					$	1,106					$	1,276					$	1,199

16

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Operating Income/(Loss) to Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			December 28, 2024						September 28, 2024						June 29, 2024						March 30, 2024
Operating income/(loss)			$	(40)					$	(101)					$	522					$	1,302
Restructuring activities			27						—						3						(3)
Unrealized losses/(gains) on commodity hedges			11						3						1						(34)
Impairment losses			1,387						1,428						854						—
Adjusted Operating Income			$	1,385					$	1,330					$	1,380					$	1,265

17

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Year Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
December 27, 2025
North America			$	4,389					$	(6)					$	4,395
Europe and Pacific Developed Markets			599						20						579
Emerging Markets			285						4						281
General corporate expenses			(528)						(8)						(520)
Kraft Heinz			$	4,745					$	10					$	4,735
December 28, 2024
North America			$	5,111					$	—					$	5,111
Europe and Pacific Developed Markets			597						—						597
Emerging Markets			261						19						242
General corporate expenses			(609)						—						(609)
Kraft Heinz			$	5,360					$	19					$	5,341

Year-over-year growth rates
North America			(14.1)		%				(0.1) pp						(14.0)		%
Europe and Pacific Developed Markets			0.4		%				3.4 pp						(3.0)		%
Emerging Markets			8.9		%				(6.9) pp						15.8		%
General corporate expenses			(13.6)		%				1.0 pp						(14.6)		%
Kraft Heinz			(11.5)		%				(0.1) pp						(11.4)		%

18

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Year Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
December 28, 2024
North America			$	5,111					$	(6)					$	5,117
Europe and Pacific Developed Markets			597						10						587
Emerging Markets			261						(11)						272
General corporate expenses			(609)						—						(609)
Kraft Heinz			$	5,360					$	(7)					$	5,367
December 30, 2023
North America			$	5,050					$	—					$	5,050
Europe and Pacific Developed Markets			571						—						571
Emerging Markets			327						13						314
General corporate expenses			(651)						—						(651)
Kraft Heinz			$	5,297					$	13					$	5,284

Year-over-year growth rates
North America			1.2		%				(0.1) pp						1.3		%
Europe and Pacific Developed Markets			4.5		%				1.8 pp						2.7		%
Emerging Markets			(20.0)		%				(7.1) pp						(12.9)		%
General corporate expenses			(6.4)		%				0.1 pp						(6.5)		%
Kraft Heinz			1.2		%				(0.4) pp						1.6		%

19

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
June 27, 2026
North America			$	988					$	—					$	988
Europe and Pacific Developed Markets			137						2						135
Emerging Markets			94						4						90
General corporate expenses			(178)						(2)						(176)
Kraft Heinz			$	1,041					$	4					$	1,037
June 28, 2025
North America			$	1,173					$	—					$	1,173
Europe and Pacific Developed Markets			150						—						150
Emerging Markets			86						6						80
General corporate expenses			(133)						—						(133)
Kraft Heinz			$	1,276					$	6					$	1,270

Year-over-year growth rates
North America			(15.8)		%				0 pp						(15.8)		%
Europe and Pacific Developed Markets			(8.9)		%				1.3 pp						(10.2)		%
Emerging Markets			9.0		%				(3.8) pp						12.8		%
General corporate expenses			33.5		%				0.7 pp						32.8		%
Kraft Heinz			(18.4)		%				0 pp						(18.4)		%

20

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
March 28, 2026
North America			$	974					$	4					$	970
Europe and Pacific Developed Markets			147						10						137
Emerging Markets			81						4						77
General corporate expenses			(144)						(5)						(139)
Kraft Heinz			$	1,058					$	13					$	1,045
March 29, 2025
North America			$	1,101					$	—					$	1,101
Europe and Pacific Developed Markets			142						—						142
Emerging Markets			84						4						80
General corporate expenses			(128)						—						(128)
Kraft Heinz			$	1,199					$	4					$	1,195

Year-over-year growth rates
North America			(11.6)		%				0.3 pp						(11.9)		%
Europe and Pacific Developed Markets			3.9		%				7.2 pp						(3.3)		%
Emerging Markets			(4.0)		%				(0.8) pp						(3.2)		%
General corporate expenses			13.0		%				3.9 pp						9.1		%
Kraft Heinz			(11.8)		%				0.7 pp						(12.5)		%

21

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
December 27, 2025
North America			$	1,097					$	—					$	1,097
Europe and Pacific Developed Markets			164						7						157
Emerging Markets			49						4						45
General corporate expenses			(146)						(4)						(142)
Kraft Heinz			$	1,164					$	7					$	1,157
December 28, 2024
North America			$	1,318					$	—					$	1,318
Europe and Pacific Developed Markets			155						—						155
Emerging Markets			74						8						66
General corporate expenses			(162)						—						(162)
Kraft Heinz			$	1,385					$	8					$	1,377

Year-over-year growth rates
North America			(16.8)		%				0.0 pp						(16.8)		%
Europe and Pacific Developed Markets			6.2		%				4.9 pp						1.3		%
Emerging Markets			(34.5)		%				(3.4) pp						(31.1)		%
General corporate expenses			(10.1)		%				2.1 pp						(12.2)		%
Kraft Heinz			(15.9)		%				0.1 pp						(16.0)		%

22

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
September 27, 2025
North America			$	1,018					$	(1)					$	1,019
Europe and Pacific Developed Markets			143						6						137
Emerging Markets			66						2						64
General corporate expenses			(121)						(3)						(118)
Kraft Heinz			$	1,106					$	4					$	1,102
September 28, 2024
North America			$	1,237					$	—					$	1,237
Europe and Pacific Developed Markets			148						—						148
Emerging Markets			71						4						67
General corporate expenses			(126)						—						(126)
Kraft Heinz			$	1,330					$	4					$	1,326

Year-over-year growth rates
North America			(17.8)		%				(0.1) pp						(17.7)		%
Europe and Pacific Developed Markets			(3.4)		%				4.2 pp						(7.6)		%
Emerging Markets			(7.4)		%				(3.4) pp						(4.0)		%
General corporate expenses			(4.4)		%				2.1 pp						(6.5)		%
Kraft Heinz			(16.9)		%				0.1 pp						(17.0)		%

23

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
June 28, 2025
North America			$	1,173					$	(1)					$	1,174
Europe and Pacific Developed Markets			150						8						142
Emerging Markets			86						1						85
General corporate expenses			(133)						(2)						(131)
Kraft Heinz			$	1,276					$	6					$	1,270
June 29, 2024
North America			$	1,341					$	—					$	1,341
Europe and Pacific Developed Markets			142						—						142
Emerging Markets			50						3						47
General corporate expenses			(153)						—						(153)
Kraft Heinz			$	1,380					$	3					$	1,377

Year-over-year growth rates
North America			(12.5)		%				(0.1) pp						(12.4)		%
Europe and Pacific Developed Markets			6.1		%				5.5 pp						0.6		%
Emerging Markets			72.2		%				(8.1) pp						80.3		%
General corporate expenses			(13.2)		%				1.2 pp						(14.4)		%
Kraft Heinz			(7.5)		%				0.2 pp						(7.7)		%

24

Pre-filing blackline 10.06.2026

The Kraft Heinz Company

Reconciliation of Adjusted Operating Income to

Constant Currency Adjusted Operating Income

For the Three Months Ended

(dollars in millions)

(Unaudited)

			Adjusted Operating Income						Currency						Constant Currency Adjusted Operating Income
March 29, 2025
North America			$	1,101					$	(4)					$	1,105
Europe and Pacific Developed Markets			142						(2)						144
Emerging Markets			84						(2)						86
General corporate expenses			(128)						1						(129)
Kraft Heinz			$	1,199					$	(7)					$	1,206
March 30, 2024
North America			$	1,215					$	—					$	1,215
Europe and Pacific Developed Markets			153						—						153
Emerging Markets			65						4						61
General corporate expenses			(168)						—						(168)
Kraft Heinz			$	1,265					$	4					$	1,261

Year-over-year growth rates
North America			(9.4)		%				(0.4) pp						(9.0)		%
Europe and Pacific Developed Markets			(7.3)		%				(1.2) pp						(6.1)		%
Emerging Markets			27.8		%				(10.6) pp						38.4		%
General corporate expenses			(24.0)		%				(0.7) pp						(23.3)		%
Kraft Heinz			(5.2)		%				(0.8) pp						(4.4)		%

25

Filing Exhibits & Attachments

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Press Releases

• EX-99.1 EX-99.1 765.2 KB

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 3.2 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 8.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 30.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 20.1 KB