Kraft Heinz Reports Q3 2026 With Goodwill Impairments Across Six Reporting Units
· The NYC Memo
Kraft Heinz (KHC) disclosed in its Q3 2026 10-Q, covering the period ending September 26, 2026, that goodwill impairment charges were recorded in Q2 2026 across multiple reporting units including EurAsia, Europe WE, Hydration/Desserts/Meals, Elevation, Canada, and Away From Home, with several units retaining less than 5% excess fair value over carrying amount as of September 26, 2026.
Brand-level impairments were also recorded in the first half of 2026 on intangible assets including Kraft, Oscar Mayer, and Lunchables. Cost of products sold declined to $4,127M in Q3 2026 from $4,247M in Q3 2025, with year-to-date costs of $12,189M versus $12,351M in the prior-year period; interest expense for the nine months ended September 26, 2026 totaled $415M, down from $709M in the same prior-year period, against a euro-denominated debt position of €3.4 billion.