Kraft Heinz Is Ending Its Planned Split. Its CEO Thinks Its 'Challenges Are Fixable.

Core Insights - Kraft Heinz has decided to remain a single entity, reversing its previous plan to split into two companies, with CEO Steve Cahillane stating that the company's challenges are manageable and within their control [1][1][1] Financial Performance - In Q4, Kraft Heinz reported a net sales decline of 3.4% year-over-year, totaling $6.35 billion, which was slightly below analyst expectations [1][1] - The adjusted earnings per share for Q4 were $0.67, exceeding estimates, but the fiscal 2026 adjusted EPS guidance range of $1.98 to $2.10 fell short of the consensus estimate of $2.48 [1][1] Strategic Direction - The decision to pause the planned separation indicates a focus on addressing operational declines, suggesting a cautious near-term strategy that may exert pressure on stock performance [1][1] - CEO Cahillane emphasized that it is prudent to halt work related to the separation to avoid incurring dis-synergies this year [1][1]