Kraft Heinz CEO says market share gains spurred better than planned quarterly performance

Kraft Heinz Company

KHC

0.00

LONDON, May 6 (Reuters) - Kraft Heinz KHC.O CEO Steve Cahillane told Reuters on Wednesday the food company's better than planned performance in the first quarter came from gaining market share.

Positive signs of early turnaround efforts bearing fruit pushed Kraft Heinz's shares higher on Wednesday, as the food company beat quarterly estimates.

Cahillane said Kraft Heinz was pretty well hedged against higher oil prices for most of 2026, but warned that all companies would be hedging against significantly higher costs in 2027 and beyond if inflationary pressure continues unabated.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.