Kraft Heinz will split into two companies. The deal will reverse much of the $46 billion merger envisioned by Warren Buffett's Berkshire Hathaway and private equity firm 3G Capital.
Kraft Heinz said on Tuesday it would spin off its grocery unit into an independent public company as the U.S. packaged goods maker aims to revive growth after years of muted sales.
Transaction to split grocery and sauces could be announced as soon as next week.
KHC fuels growth with pricing, innovation and bold flavors while refreshing core brands for modern consumers.
As Warren Buffett prepares to step down as CEO of Berkshire Hathaway after roughly six decades on the job, he will likely go down as the greatest investor of all time. Berkshire's stock has the returns to back it up.
I rate Kraft Heinz a sell: legacy brands, no growth, and a weak balance sheet make the stock unattractive despite its high dividend. Recent results highlight declining sales, margin pressure, and a massive $9.3B asset write-down, reflecting overpaid acquisitions and underperforming legacy brands. Leverage remains high with $18.6B in net debt and limited financial flexibility; further asset impairments cannot be ruled out given the balance sheet composition.
The Kraft Heinz Company (NASDAQ:KHC ) Q2 2025 Earnings Conference Call July 30, 2025 9:00 AM ET Company Participants Andre Maciel - Executive VP & Global CFO Anne-Marie Megela - VP & Global Head of Investor Relations Carlos A. Abrams-Rivera - CEO & Director Conference Call Participants Alexia Jane Burland Howard - Sanford C.
Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry staples and condiments in the United States as consumers tried to stretch their household budgets.
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) reported better than expected financial results for the second quarter, which saw its stock edge higher on Wednesday morning. For Q2, revenue fell 1.9% year-over-year to $6.35 billion, but above the Wall Street consensus of $6.27 billion.
KHC tops Q2 estimates despite declines in earnings and organic sales, as pricing gains fail to offset weak volumes.
The headline numbers for Kraft Heinz (KHC) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Kraft Heinz's stock rose in early Wednesday trading after the company said it's still weighing strategic options, which reportedly include the sale of many of its grocery-store brands.