Overview
- The company paused its September 2025 separation plan, with CEO Steve Cahillane saying the challenges are fixable and prioritizing a return to profitable growth.
- Kraft Heinz committed $600 million to marketing, sales, R&D, product improvements and select pricing, including roughly a 20% increase in R&D and marketing lifted to about 5.5% of sales.
- Guidance for 2026 calls for organic net sales down 1.5% to 3.5% and adjusted EPS of $1.98 to $2.10, below analyst expectations.
- The company expects about $950 million in 2026 capital spending and roughly $300 million in savings from pausing the split, and it plans to cut about 60 positions primarily outside the U.S. and Canada.
- Fourth‑quarter net sales fell about 3% to $6.35 billion and full‑year results included large non‑cash impairments, though free cash flow was about $3.7 billion; Berkshire Hathaway’s potential sale of its 27.5% stake remains in focus even as Greg Abel voiced support for the pause.