Kraft Heinz (KHC) official guidance

Our adjusted EPS expectation now contemplates an effective tax rate of approximately 25%.

•Adjusted EPS(1)(2) in the range of $1.98 to $2.10. The Company now expects an effective tax rate on Adjusted EPS to be approximately 25 percent. Additionally, the Company now expects interest expense to be approximately $920 million and other expense/(income) to be approximately $200 million of income for the full year.

Our adjusted EPS expectation contemplates an effective tax rate of approximately 25.5%.

The Company expects an effective tax rate on Adjusted EPS to be approximately 25.5 percent.

We continue to expect adjusted EPS to be in the range of $1.98-$2.10.

•Adjusted EPS(1)(2) in the range of $1.98 to $2.10. The Company now expects an effective tax rate on Adjusted EPS to be approximately 25 percent. Additionally, the Company now expects interest expense to be approximately $920 million and other expense/(income) to be approximately $200 million of income for the full year.

We expect adjusted EPS to be in the range of $1.98-$2.10.

Adjusted EPS(1)(2) in the range of $1.98 to $2.10.

From a cash perspective, we continue to expect to generate free cash flow conversion of approximately 100%.

•Free Cash Flow Conversion(1)(2) of approximately 100 percent.

From a cash perspective, we expect to generate free cash flow conversion of approximately 100%.

Free Cash Flow Conversion(1)(2) of approximately 100 percent.

Our outlook contemplates adjusted gross profit margin in the range of down 75 basis points to down 25 basis points year-over-year, reflecting inflation as well as investments in price, product, and packaging.

•Constant Currency Adjusted Operating Income(1)(2) down 14 percent to down 18 percent versus the prior year. This includes incremental investments of approximately $600 million across marketing, sales, and R&D, as well as product superiority and price. It also includes the impact of lapping lower variable compensation in 2025, which is an approximate 300 basis point headwind. This contemplates an Adjusted Gross Profit Margin(1)(2) that is expected to be down 25 basis points to down 75 basis points versus the prior year.

Our outlook contemplates adjusted gross profit margin in the range of down 75-25 basis points year-over-year, reflecting inflation as well as investments in price, product, and packaging that I just mentioned.

This contemplates an Adjusted Gross Profit Margin(1)(2) that is expected to be down 25 to down 75 basis points versus the prior year.

We announced a $600 million investment across product superiority, select pricing, marketing, sales, and R&D, of which the majority will be focused on turning around our U.S. business.

•Constant Currency Adjusted Operating Income(1)(2) down 14 percent to down 18 percent versus the prior year. This includes incremental investments of approximately $600 million across marketing, sales, and R&D, as well as product superiority and price.

Successful execution of our operating plan will require a meaningful investment of approximately $600 million.

This includes incremental investments of approximately $600 million across marketing, sales, and R&D as well as product superiority and price.

•Adjusted EPS(1)(2) in the range of $1.98 to $2.10. The Company now expects an effective tax rate on Adjusted EPS to be approximately 25 percent. Additionally, the Company now expects interest expense to be approximately $920 million and other expense/(income) to be approximately $200 million of income for the full year.

Additionally, the Company expects interest expense to be approximately $940 million and other expense/(income) to be approximately $200 million of income for the full year.

We continue to expect constant currency adjusted operating income to be in the range of down 18% to down 14%.

•Constant Currency Adjusted Operating Income(1)(2) down 14 percent to down 18 percent versus the prior year. This includes incremental investments of approximately $600 million across marketing, sales, and R&D, as well as product superiority and price. It also includes the impact of lapping lower variable compensation in 2025, which is an approximate 300 basis point headwind. This contemplates an Adjusted Gross Profit Margin(1)(2) that is expected to be down 25 basis points to down 75 basis points versus the prior year.

Constant currency adjusted operating income is expected to be in the range of down 18%-down 14%.

Constant Currency Adjusted Operating Income(1)(2) down 14 percent to down 18 percent versus the prior year.

We continue to expect organic net sales to be down 3.5% to down 1.5%.

•Organic Net Sales(1)(2) down 1.5 percent to down 3.5 percent versus the prior year. This includes an approximate 100 basis point impact from incremental SNAP headwinds.

We expect organic net sales to be down 3.5%-1.5%.

Organic Net Sales(1)(2) down 1.5 percent to down 3.5 percent versus the prior year.

•Adjusted EPS(1)(2) in the range of $1.98 to $2.10. The Company now expects an effective tax rate on Adjusted EPS to be approximately 25 percent. Additionally, the Company now expects interest expense to be approximately $920 million and other expense/(income) to be approximately $200 million of income for the full year.

Additionally, the Company expects interest expense to be approximately $940 million and other expense/(income) to be approximately $200 million of income for the full year.

We will increase our marketing investment to approximately 5.5% of net sales, targeting investments towards our biggest growth opportunities.

To turn this around, we are increasing investments in R&D by approximately 20% in 2026 compared to 2025.