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Sentiment · FY2026 Q2
Kraft Heinz posted positive top-line growth in Q1 2026, aided by Easter timing and weather, with EPS growing year-over-year as the new CEO's $600M investment plan remained mostly dry powder. Marketing surged 37% year-over-year as the company targeted at least 5.5% of revenue for the full year, and Taste Elevation share gains accelerated. Full-year guidance was maintained despite the better-than-expected start, with Q2 guided to minus 3-5% on the top line. Energy and resin inflation emerged as new headwinds alongside the 100 basis point SNAP impact materializing as expected.
Competitive Dynamics | Revenue Growth | Margin | Pricing | Demand | Innovation & R&D | Capital Allocation | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 2 | 2 | 4 | 1 | ||
| 2025Q1 | 2 | 2 | 2 | 2 | 1 | 1 | ||
| 2025Q2 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | |
| 2025Q3 | 3 | 2 | 2 | 2 | 1 | 1 | ||
| 2025Q4 | 6 | 2 | 1 | 1 | 1 | 3 | 2 | |
| 2026Q1 | 5 | 3 | 4 | 1 | 2 | 2 | 2 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 3 | 2 | 4 | 3 | 6 | 5 |
| Revenue Growth | 3 | 2 | 3 | 2 | 2 | 3 |
| Margin | 2 | 2 | 3 | 2 | 1 | 4 |
| Pricing | 2 | 2 | 1 | 2 | 1 | 1 |
| Demand | 4 | 1 | 1 | 2 | ||
| Innovation & R&D | 1 | 1 | 1 | 3 | 2 | |
| Capital Allocation | 2 | 1 | 2 | 2 | ||
| Cost Pressure | 1 | 2 | 3 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.58B | -4.1% | $1.76 | +188.5% | 34.1% | -0.6% | 32.4% | $1.14B |
| FY2025 Q1 | $6.00B | -6.4% | $0.60 | -9.1% | 34.4% | 19.9% | 11.9% | $482M |
| FY2025 Q2 | $6.35B | -1.9% | $-6.57 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tom Palmer | JPMorgan | 7 (0%) |
| Peter Galbo | Bank of America | 7 (14%) |
| Dave Palmer | Evercore ISI |
| -7930.8% |
| 34.4% |
| -125.5% |
| -123.2% |
| $1.02B |
| FY2025 Q3 | $6.24B | -2.3% | $0.52 | +316.7% | 31.9% | 16.4% | 9.9% | $986M |
| FY2025 Q4 | $6.35B | -3.4% | $0.55 | -68.8% | 32.6% | 17.1% | 10.2% | $1.17B |
| FY2026 Q1 | $6.05B | +0.8% | $0.67 | +11.7% | 34.4% | 17.8% | 13.2% | $766M |
| FY2026 Q2 | $6.26B | -1.4% | $-4.60 | +30.0% | 32.4% | -102.7% | -87.2% | $893M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Chris Carey | Wells Fargo | 6 (17%) |
| Andrew Lazar | Barclays | 6 (83%) |
| Steve Powers | Deutsche Bank | 5 (20%) |
| Leah Jordan | Goldman Sachs | 5 (0%) |
| Michael Lavery | Piper Sandler | 5 (20%) |
| Megan Alexander | Morgan Stanley | 4 (0%) |
| Alexia Howard | Bernstein | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 2 | 9 (11%) |
| JPMorgan | 2 | 8 (13%) |
| Evercore ISI | 1 | 6 (33%) |
| Wells Fargo | 1 | 6 (17%) |
| Barclays | 1 | 6 (83%) |
| Goldman Sachs | 1 | 5 (0%) |
| Piper Sandler | 1 | 5 (20%) |
| Deutsche Bank | 1 | 5 (20%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
KHC Kraft Heinz | 4 | +0.8% | |
| CAG Conagra Brands | 5 | -1.9% | |
| CPB Campbell Soup Company | 1 | -4.5% | |
| GIS General Mills | 4 | -8.4% | |
| HRL Hormel Foods | 6 | +1.3% | |
| MKC McCormick & Company | 6 | +16.7% | |
| SJM J.M. Smucker Company (The) | 5 | +7.0% |