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Kraft Heinz Stock Rises 3% on Earnings Beat, Raised Guidance
Why is Kraft Heinz stock up today?
Kraft Heinz (KHC) stock rose about 3% to $25.28 in premarket trading on Wednesday after the food maker beat third-quarter earnings forecasts and raised its 2026 profit outlook, helped by stronger sales abroad.
Key numbers
| Adjusted EPS (Q3) | $0.53vs $0.42 expected |
|---|---|
| Revenue (Q3) | $6.12B-2.0% YoY |
| 2026 adjusted EPS outlook | $2.07–$2.13from $2.03–$2.09 |
| Premarket price | $25.28+3.1% vs $24.52 close |
| Coffee business sale | $650M30% stake retained |
What happened
Kraft Heinz (KHC) stock rose about 3% to $25.28 in premarket trading on Wednesday after the food maker beat third-quarter earnings forecasts and raised its 2026 profit outlook, helped by stronger sales abroad. Profit per share, excluding one-time costs, was $0.53 versus the $0.42 analysts expected. Sales fell about 2% to $6.12 billion, but the company raised its yearly profit forecast (guidance) to $2.07–$2.13 a share from $2.03–$2.09. It also agreed to sell its North American coffee business, including Maxwell House, for $650 million. By mid-morning the shares were up about 5%.
Why it matters
Kraft Heinz makes Heinz ketchup, Kraft cheese and other grocery staples, so its results offer a look at how shoppers are handling high food prices. Profit beat forecasts even though U.S. sales are still shrinking. Management says its plan to turn around the U.S. business and grow faster overseas is on track, and the sale of its coffee business will bring in cash to pay down debt.
Who this affects
- MarketbullishLow impact
- Packaged-food investors get a rare positive earnings signal.
- CompanybullishMedium impact
- Shareholders gain from higher profit forecast and debt reduction.
- CompetitorsneutralLow impact
- Rivals may get a sentiment lift but face the same weak demand.
- IndustrymixedLow impact
- U.S. grocery sales stay weak while overseas demand grows.
Kraft Heinz vs General Mills, Conagra, Campbell's
How we got here
Kraft Heinz reports Q3 adjusted EPS of $0.53 and raises 2026 outlook
Company agrees to sell North American coffee business to One Rock Capital for $650M
Shares rise 3.1% premarket to $25.28 from $24.52 prior close
What to watch
- Closing of the coffee business sale, with about $500M after-tax cash for debt reductionMid-2027
- Full-year adjusted operating income, still guided down 16% to 18% in constant currencyFY 2026
Educational content only. Not investment advice.
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