The Kraft Heinz Company (NASDAQ:KHC) shares rose Wednesday after the packaged food maker reported first-quarter 2026 results that topped Wall Street estimates and reaffirmed its full-year outlook.
Q1 Earnings Beat Expectations
The company reported adjusted first-quarter earnings of 58 cents per share, ahead of analyst estimates of 50 cents. Revenue increased 0.8% year over year to $6.05 billion, exceeding expectations of $5.89 billion. Organic net sales declined 0.4%.
Adjusted gross profit margin fell 30 basis points to 34.1%, while adjusted operating income declined 11.8% to $1.1 billion.
Brand Investments Begin To Show Results
CEO Steve Cahillane said investments made in 2025 are beginning to show results.
“The investments we made in 2025 are now driving early traction, with improving market share trends, particularly within must-win parts of our portfolio like Taste Elevation. This is proof that our brands respond well when we invest behind them,” Cahillane said.
International Markets Offset North America Weakness
North America sales declined 0.7% to $4.46 billion during the quarter. International Developed Markets sales rose 3.2%, while Emerging Markets sales increased …