Kraft Heinz's second-quarter 2026 net sales fell 1.4% year over year, adjusted operating income dropped 18.4%, and the company recorded a $6.4 billion operating loss. North America sales declined 2.7% while emerging markets grew. New CEO Steve Cahillane dropped the plan to split the business and is investing $600 million to revitalize the U.S. market, though the strategy has yet to show results. The dividend yield is about 6.75% at $0.40 per share quarterly, and the author says the low price does not yet warrant a positive view while the turnaround takes hold.
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