The Kraft Heinz Company (KHC) earnings on May 6, 2026

KHC price around the earnings

23.07

Change: +2.3%

Start of the measured window End of the measured window

22.49 22.83 23.18 23.52 22.56

May 6, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
Starting price

Price series around the event

Prior thesis

Prior outlook: No statistical edge

Thesis published: 2026-05-06, 15:33 UTC

Stable performance, but limited upside and recent underperformance.

The company reported better-than-expected earnings and sales for the first quarter, and maintained its full-year financial forecast. However, the stock has underperformed the market recently and is market review near a price target that suggests limited upside.

Context analyzed before publication

Summary: Stable performance, but limited optimistic scenario and recent underperformance.
Reasoning: The company reported better-than-expected earnings and sales for the first quarter, and maintained its full-year financial forecast. However, the stock has underperformed the market recently and is market review near a price target that points to a limited optimistic scenario.
Playbook: Given the stock's recent market underperformance and a price target offering minimal growth potential, the scenario is limited in optimism.
Trend: Recent evaluations show mixed contexts with positive earnings but technical resistance.

Analysts

Drivers

Analysts Neutral
The average price target from analysts points to a modestly optimistic scenario. Recent analyst actions have included neutral ratings or initiating coverage with an underperform rating.

Evidence

Analyst consensus: Hold
Consensus average (1-5): 3.14
Analysts covering the stock: 19
Average price target: 23.97
Lowest price target: 18
Highest price target: 42
Upside to price target: 3.9%
Quarterly earnings growth: -69.5%
Revenue growth: -3.4%
Forward EPS: 2.14
Trailing EPS: -4.93
Analyst moves in the last 60 days: 7

Strong buy: 0
Buy: 1
Hold: 16
Sell: 1
Strong sell: 3

Strong buy: 0
Buy: 1
Hold: 16
Sell: 1
Strong sell: 3

April 14, 2026 · BTIG: Initiates coverage (Neutral)
April 9, 2026 · BNP Paribas: Maintains rating (Underperform → Underperform)
April 7, 2026 · UBS: Maintains rating (Neutral → Neutral)
March 30, 2026 · Deutsche Bank: Maintains rating (Hold → Hold)
March 25, 2026 · JP Morgan: Maintains rating (Underweight → Underweight)
March 23, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)
March 12, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)

News and sentiment

Drivers

News & sentiment Positive
The company exceeded expectations for both earnings and sales in the first quarter. They also confirmed their financial forecast for the entire fiscal year.

Evidence

Sentiment

Sentiment: Constructive
Mention volume: Low
Normalized volume: 33%

News

Sources (7)

Kraft Heinz Reports Q1 2026 Results: Full Earnings Call Transcript — Benzinga
Kraft Heinz Affirms FY2026 Adj EPS Guidance of $1.98-$2.10 vs $2.04 Est — Benzinga
Kraft Heinz Q1 Adj. EPS $0.58 Beats $0.50 Estimate, Sales $6.047B Beat $5.885B Estimate — Benzinga
Walt Disney, AMD And 3 Stocks To Watch Heading Into Wednesday — Benzinga
How To Earn $500 A Month From Kraft Heinz Stock Ahead Of Q1 Earnings — Benzinga
BTIG Initiates Coverage On Kraft Heinz with Neutral Rating — Benzinga
BNP Paribas Maintains Underperform on Kraft Heinz, Lowers Price Target to $18 — Benzinga

Technicals

Drivers

Technical Negative
The stock's recent performance is weaker than the overall market. It is market review near a price level that analysts have set as a target, with less room to fall to support.

Evidence

Average true range (ATR): 2.4%
Distance to 52-week high: -21.0%
14-day change (14d): +2.7%
30-day change: +7.2%
30-day relative strength: -4.9%
Benchmark change: +12.1%
Nearest support: 21.28
Nearest resistance: 23.62
Volume accumulation ratio: 0.82

Trends

Evidence

Average earnings surprise: +6.6%

February 11, 2026: actual EPS 0.67 vs estimate 0.61 (surprise +9.1%)
October 29, 2025: actual EPS 0.61 vs estimate 0.58 (surprise +5.8%)
July 30, 2025: actual EPS 0.69 vs estimate 0.64 (surprise +8.4%)
April 29, 2025: actual EPS 0.62 vs estimate 0.6 (surprise +3.1%)

Expected move

There is no implied-move data available for this event.

Reactions over its last 19 earnings

Median move: 2.3%
75th percentile move: 4.8%
90th percentile move: 5.7%
Up / down moves: 9 / 10
Average up move: +2.0%
Average down move: -3.4%

Monitoring and close

What The Kraft Heinz Company reported

There is no monitoring data available for this event.

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Consolidated: +2.2%
Max move: +4.4%

No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.