Kraft Heinz Folds Two Emerging-Market Units Into One, Leaving Three Reporting Segments
An 8-K recasts three years of annual and ten quarters of segment results; the company says reported financial statements are unchanged.
Kraft Heinz merged its two emerging-market segments into one in the third quarter of 2026, leaving three reportable segments, according to an 8-K dated Wednesday. The company restated past segment results to fit the new layout and says previously reported financial statements are not affected.
What the 8-K says
The company combined West and East Emerging Markets with Asia Emerging Markets to form a single Emerging Markets segment. It gave the reason as increasing efficiencies and driving sustainable growth across its global business.
As part of the change, certain European countries that sat in the West and East Emerging Markets unit moved into Europe and Pacific Developed Markets. The three reportable segments are now North America, Europe and Pacific Developed Markets, and Emerging Markets.
The filing describes the earlier setup as two reportable segments, North America and Europe and Pacific Developed Markets, with the two emerging-market units combined and disclosed together as Emerging Markets. The company says the new structure reflects how it now manages results internally.
The recast numbers
A supplemental exhibit restates segment net sales, Organic Net Sales and Segment Adjusted Operating Income under the new structure. It covers the years ended December 27, 2025, December 28, 2024 and December 30, 2023, plus ten quarters from March 30, 2024 through June 27, 2026.
Under the new lines, second-quarter 2026 Emerging Markets net sales were $701 million, up 11.6% from a year earlier. North America net sales fell 2.7% to $4,626 million.
The exhibit's reconciliation also shows 2025 impairment losses of $9,306 million, which drove a reported operating loss of $4,669 million against adjusted operating income of $4,745 million.
What it changes for holders
Nothing in the reported financials moves. The company says the exhibit is meant to aid comparability and has no impact on its quarterly or annual statements, including the 2025 annual report filed February 12, 2026. The recast figures are unaudited and, the company cautions, not indicative of future or annual results.
What changes is the lens: anyone tracking segment trends will now see Emerging Markets as one line and Europe's figures with the moved countries included.
Kraft Heinz shares closed at $21.98 on Wednesday and were at $22.05 in after-hours trading, up about 0.32%, in a snapshot taken before the filing was accepted at 4:55 p.m. ET (market data).
The company reorganized its segments in the third quarter of 2026, so its next quarterly results are the first place to see the three-segment structure in use.
Sources
- 8-K Filing — Kraft Heinz Co (KHC) — SEC EDGAR
- Exhibit exhibit991-2026segmentrest.htm — Kraft Heinz Co 8-K exhibit — SEC EDGAR
