Kraft Heinz Fiscal Q3 Adjusted Earnings, Net Sales Fall; Fiscal 2026 Adjusted EPS Outlook Raised

07:52 AM EST, 11/04/2026 (MT Newswires) -- Kraft Heinz (KHC) reported fiscal Q3 adjusted earnings Wednesday of $0.53 per diluted share, down from $0.61 a year earlier. Analysts polled by FactSet expected $0.42. Net sales for the quarter ended Sept. 26 were $6.12 billion, down from $6.24 billion a year earlier. Analysts expected $6.09 billion. The company raised its fiscal 2026 adjusted EPS guidance to a range of $2.07 to $2.13, from $2.03 to $2.09 previously. Analysts expect $2.05. Kraft Heinz maintained a quarterly dividend of $0.40 per share, payable on Dec. 23 to shareholders of record as of Dec. 4. In addition, the company said it entered into a definitive agreement to divest its North America coffee business to an affiliate of One Rock Capital Partners at an enterprise value of $650 million. The company said it expects net cash proceeds of around $500 million, which are planned to pay down debt. Kraft Heinz said it will retain a 30% non-controlling equity stake in the business after the sale, which is expected to close in mid-2027. Shares of the company were up 3.7% in Wednesday premarket activity.