Kraft Heinz pauses plans to split into 2 companies, says its problems are 'fixable'

5 days ago 5

DEE-ANN DURBIN

Wed, February 11, 2026 astatine 8:36 AM CST 1 min read

Kraft Heinz said Wednesday it's pausing its plans to divided into 2 companies.

Steve Cahillane, a erstwhile Kellogg Co. main who became CEO of Kraft Heinz connected Jan. 1, said helium wants to guarantee that each of the company's resources are focused connected profitable growth.

“I person seen that the accidental is larger than expected and that galore of our challenges are fixable and wrong our control,” Cahillane said successful a statement.

The company's shares dropped 5.2% successful aboriginal trading Wednesday arsenic Kraft Heinz reported little quarterly and yearly results.

Kraft Heinz announced successful September it was splitting into 2 companies a decennary aft a merger of the brands created 1 of the biggest nutrient manufacturers connected the planet.

One of the companies would see stronger-selling brands specified arsenic Heinz, Philadelphia pick food and Kraft Mac & Cheese. The different would see slower-selling brands similar Maxwell House, Oscar Mayer, Kraft Singles and Lunchables.

At the time, Kraft Heinz said it expected the divided to beryllium finalized successful the 2nd fractional of this year.

On Wednesday, the institution said it volition pivot from the divided and put $600 cardinal successful marketing, income and merchandise development.

In its fourth-quarter net merchandise Wednesday, CEO Steve Cahillane said Kraft Heinz's equilibrium expanse and escaped currency travel imaginable were strong.

“We are assured successful the accidental up and judge this concern volition accelerate our instrumentality to profitable growth,” Callihane said.