来源：环球市场播报 "我的首要任务是让企业恢复盈利性增长，这就需要确保所有资源都集中在执行我们的运营计划上。因 此，我们认为暂停与分拆相关的工作是明智之举，今年我们将不再产生相关的负协同效应，"今年 1 月 上任的 Cahillane说。 卡夫亨氏曾预计在 2026 年底完成分拆，并请来了业内资深人士、前凯洛格老板卡希莱恩来指导分拆工 作。 卡夫亨氏与其他包装食品公司一样，一直在为价格较高的调味品和厨房主食需求疲软而苦苦挣扎，因为 消费者在寻找更便宜的选择。 该公司预测 2026 年的有机净销售额将下降 1.5% 至 3.5%，并表示这一预测包括了美国食品券福利延迟 带来的约 100 个基点的影响。 该公司表示，将把重点放在营销和研究上，投资 6 亿美元推动美国业务的复苏。 卡夫亨氏新任首席执行官史蒂夫-卡希莱恩（Steve Cahillane）周三表示，卡夫亨氏已暂停正在进行的将 公司一分为二的工作，并称公司面临的许多挑战 "是可以解决的，而且在我们的控制范围之内"。 卡夫亨氏股价在盘前交易中下跌约 5%。 卡夫和亨氏十年前合并时，卡夫亨氏从未实现预期的增长，9 月，卡夫亨氏首次 宣布计划分拆为两家公 司- ...

Kraft Heinz said it will pause work relating to its separation and increase investments in its food business, aiming to turn around years of struggling sales. ...

卡夫亨氏：自去年夏天首次做出分拆公司的决定以来，市场状况明显变得更具挑战性。 来源：滚动播报 ...

Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett.Kraft Heinz on Wednesday said that it is pausing work on its previously announced plans to split the company. CEO Steve Cahillane, who joined Kraft Heinz in January, said in a statement that many of the company's issues are "fixable and within our control.""My number one priority is returning the business to profitable growth, which will requ ...

Kraft Heinz has paused ongoing work to split the company in half, with many of its challenges "fixable and within our control", according to new CEO Steve Cahillane. ...

Financial Performance - Net sales for the full year 2025 decreased by 3.5% to $24.9 billion, with organic net sales down 3.4%[7] - Operating income for the full year 2025 was a loss of $4.7 billion, primarily due to non-cash impairment losses of $9.3 billion[3] - Diluted EPS for the full year 2025 was $(4.93), down 318.1% compared to the prior year[7] - Gross profit margin for the full year 2025 decreased by 140 basis points to 33.3%[3] - The company reported a net loss of $5,848 million for the year ended December 27, 2025, compared to a net income of $2,746 million in 2024[32] - Adjusted EPS for the year ended December 27, 2025, decreased to $2.60 from $3.06, a decline of 15.0%[59] - The company experienced a significant impairment loss of $9,306 million in the previous year, impacting overall financial performance[40] - The company incurred goodwill impairment losses of $6,734 million for the year ended December 27, 2025, significantly higher than $1,638 million in 2024[32] - Adjusted operating income for the year was $4,745 million, down 11.5% from $5,360 million in the prior year[43] - The company reported a net loss of $5,848 million for the year ended December 27, 2025, primarily due to significant impairment losses[49] Cash Flow and Assets - Free cash flow for the full year 2025 was $3.7 billion, up 15.9% from the previous year[10] - Net cash provided by operating activities for the full year 2025 was $4.5 billion, an increase of 6.6%[10] - Free Cash Flow for the year ended December 27, 2025, was $3,661 million, up from $3,160 million, representing a 15.8% increase[65] - The company reported a Free Cash Flow Conversion rate of 119% for the year ended December 27, 2025, compared to 85% in the previous year[65] - Total current assets increased to $10,127 million from $7,655 million, a growth of 32.2%[62] - Cash and cash equivalents increased to $2,615 million from $1,334 million, a rise of 96.0%[62] Future Outlook - For fiscal year 2026, the company expects organic net sales to decline between 1.5% and 3.5%[13] - Adjusted EPS for fiscal year 2026 is projected to be in the range of $1.98 to $2.10[13] - The company plans to focus resources on growth and has paused work related to separation[4] - The company is currently evaluating the separation into two independent publicly traded companies, which may impact future financial performance[16] Market and Segment Performance - North America segment net sales decreased by 4.9% year-over-year, totaling $18,586 million[38] - Emerging markets showed a year-over-year growth of 1.8%, with net sales reaching $2,817 million[38] - The company noted a currency impact of $10 million on adjusted operating income for the year ended December 27, 2025[43] Earnings and Profitability - Basic earnings per share for the three months ended December 27, 2025, were $0.55, down from $1.77 in the same period of 2024[32] - The adjusted gross profit for the three months ended December 27, 2025, was $2,101 million, with net sales of $6,354 million, resulting in a margin of 33.1%[53] - The effective tax rate for the three months ended December 27, 2025, negatively impacted adjusted EPS by $0.03 compared to the previous year[55] - The company recognized a benefit of $2,239 million from certain significant discrete income tax items, which positively influenced net income[51] Risks and Challenges - The company faces various risks, including competitive pressures and changes in consumer demand, which may affect future performance[16] - The company emphasizes the importance of maintaining brand reputation and responding to consumer preferences to drive revenue growth[16]

The Kraft Heinz Company (NasdaqGS:KHC) Q4 2025 Earnings call February 11, 2026 06:00 AM ET Company ParticipantsAndre Maciel - CGFOAnne-Marie Megela - Head of Global Investor RelationsSteve Cahillane - CEOAnne-Marie MegelaHello, this is Anne-Marie Megela, Head of Global Investor Relations at The Kraft Heinz Company. I'd like to welcome you to our fourth quarter and full-year 2025 business update. During the following remarks, we will make forward-looking statements regarding our expectations for the future, ...

The Kraft Heinz Company (NasdaqGS:KHC) Q4 2025 Earnings call February 11, 2026 06:00 AM ET Company ParticipantsAndre Maciel - CGFOAnne-Marie Megela - Head of Global Investor RelationsSteve Cahillane - CEOAnne-Marie MegelaHello, this is Anne-Marie Megela, Head of Global Investor Relations at The Kraft Heinz Company. I'd like to welcome you to our fourth quarter and full-year 2025 business update. During the following remarks, we will make forward-looking statements regarding our expectations for the future, ...

The Kraft Heinz Company (NasdaqGS:KHC) Q4 2025 Earnings call February 11, 2026 06:00 AM ET Speaker0Hello, this is Anne-Marie Megela, Head of Global Investor Relations at The Kraft Heinz Company. I'd like to welcome you to our fourth quarter and full-year 2025 business update. During the following remarks, we will make forward-looking statements regarding our expectations for the future, including related to our business plans and expectations, strategy, efforts and investments, and related timing and expect ...

The employment report is expected to show an uptick in U.S. job growth despite a sluggish ‌labor market, due ⁠to tariff uncertainty ⁠and worker constraints amid tighter immigration enforcement. The data could temper expectations for the central bank's rate cuts, with retail sales stalling unexpectedly and raising the probability of an interest-rate reduction in April to 35.5% from the prior day's 32.2%, according to CME Group's FedWatch tool. Markets still price in the first cut to take place in June, when ...