Kraft Heinz Reorganizes Operating Segments and Issues Supplemental Historical Financials

Event Overview

On October 7, 2026, The Kraft Heinz Company submitted a Current Report on Form 8-K under Item 8.01 (Other Events) announcing structural changes to its internal reporting and reportable operating segments implemented during the third quarter of 2026.

Key Changes to Segment Structure

1. Creation of Emerging Markets Operating Segment:
   • The company combined its West and East Emerging Markets ("WEEM") and Asia Emerging Markets ("AEM") operating segments into a single segment named Emerging Markets to enhance operational efficiencies and pursue sustainable growth.
2. Reallocation to Developed Markets:
   • Concurrently, certain European countries previously classified within the WEEM operating segment were reassigned to the Europe and Pacific Developed Markets operating segment.
3. Current Operating & Reportable Segments:
   • Kraft Heinz now manages operations across three primary reportable segments:
     • North America
     • Europe and Pacific Developed Markets
     • Emerging Markets

Financial Impact

• No Impact on Consolidated Financials: The reorganization is retrospective only for segment comparability and creates no change or restatement to previously reported consolidated net sales, operating income, or net income for any period.
• Supplemental Data: Exhibit 99.1 includes recast segment performance (Net Sales, Organic Net Sales, and Segment Adjusted Operating Income) for fiscal years 2023, 2024, and 2025, as well as quarterly periods across 2024, 2025, and through Q2 2026.