Kraft Heinz Introduces FY27 Outlook; Sees Organic Net Sales To Be Relatively Flat, With A Return To Growth In H2 2027; Adjusted Operating Income Expected To Decline Low Single-Digits YoY

Kraft Heinz (NYSE:KHC) ("Kraft Heinz" or the "Company") is hosting its 2026 Investor Day today, where senior management will outline the Company’s strategy to deliver sustainable, volume-led profitable growth. Management will also share its financial milestones through 2029, along with initial expectations for 2027.

Strategy to Deliver Growth

Kraft Heinz’s strategy is designed to leverage its competitive advantages, from modernizing its core in developed markets to capturing opportunities in Emerging Markets and Away From Home. The Company will execute its strategy by:

Building superior products and brands;
Delivering relevant and accretive innovation;
Scaling go-to-market capabilities;
Managing a growth-focused portfolio; and
Unlocking efficiencies to fuel reinvestment.
Milestones Through 2029

Kraft Heinz outlined the financial milestones it expects to achieve on its path to sustainable, volume-led profitable growth:

2026. Build Momentum: Following investments made this year, Kraft Heinz is seeing early signs of its turnaround. The Company is narrowing market share losses, recovering its top line from 2025 levels and improving volume trends across all regions.
2027. Return to Growth: The Company expects to return to both top- and bottom-line growth in the second half of the year.
2028. Year of Growth: Kraft Heinz expects consistent top-line growth and margin expansion.
2029. Consistent and Accelerated Growth: By 2029, the Company expects to be operating a self-reinforcing cycle of profitable growth and to deliver double-digit total shareholder return, with a balanced contribution from earnings growth and capital returned to shareholders.
Initial 2027 Outlook

The Company will provide formal 2027 guidance on its fourth quarter earnings call. Today, management will share the initial contours of its expectations.

Organic Net Sales1,2 is expected to be relatively flat for the full year, with a return to growth in the second half of the year.
Adjusted Operating Income1,2 is expected to decline low single-digits versus 2026, with a return to growth in the second half of the year.
Free Cash Flow Conversion1,2 is expected to remain at least 100%.
Further details can be found in the webcasted presentation and the supplemental materials provided for the 2026 Investor Day at https://ir.kraftheinzcompany.com/news-events/events. Interested parties can watch the live video webcast and Q&A with senior management today starting at 10:30 a.m. ET or view a replay of the event at the above link.