The highest priority is to turn the development into profitable growth, which will require all resources, said newly appointed Steve Cahillane in a press release.
Kraft Heinz sales in the fourth quarter of 2025 fell 3.4 percent to $6.4 billion, resulting in earnings of 67 cents per share.
In its 2026 forecast, the company expects earnings per share of $1.98 to $2.10 and a profit decline of 14 to 18 percent, while net income is expected to decline 1.5 to 3.5 percent. Analysts had expected earnings of $2.50 per share.
The market reaction was brutal. In futures trading on Wall Street, Kraft Heinz shares plummeted by just over 8 percent.
