Kraft Heinz's Improving Trends Point to 2027 Sales Inflection, RBC Says

03:31 PM EST, 11/05/2026 (MT Newswires) -- Kraft Heinz (KHC) is showing improving sales, market share and volume trends across regions, with expected shelf-space gains in 2027 potentially driving a top-line inflection, despite persistent cost inflation and the possibility of a choppy recovery, RBC Capital Markets said in a note Thursday. The investment firm raised its 2026 earnings per share estimate to $2.10 from $2.05 and its organic net sales growth estimate to a 0.8% decline from a 1% decline. The planned sale of the coffee business, expected to close in mid-2027, will generate about $500 million in net after-tax proceeds earmarked for debt paydown, while Kraft Heinz will retain a 30% equity stake, RBC said. The investment firm noted that the company's $0.04 increase to its 2026 EPS guidance was entirely tax-driven, reflecting a lower effective tax rate from discrete benefits that are not expected to recur in 2027. Kraft Heinz also expects gross margins to come in at the low end of its previously guided range amid persistent inflation. RBC maintained its outperform rating and $32 price target on Kraft Heinz, citing improving sales, market share and volume trends and expected 2027 shelf-space gains. RBC kept its outperform rating and $32 price target on Kraft Heinz. Price: 25.26, Change: -0.19, Percent Change: -0.73