Despite the earnings pressure, Kraft Heinz posted what it characterized as strong cash generation. Cahillane said free cash flow improved by nearly 16% versus the prior year, providing “healthy capital allocation optionality.”With pressure on gross margin and incremental marketing investments, constant currency adjusted operating income declined 11.4% in 2025, he said. The company reported adjusted EPS of $2.60, down 15% from 2024, driven by those operating dynamics and a higher year-over-year effective tax ...