Kraft Heinz pauses work to split the company as new CEO says 'challenges are fixable'

[BumRushDaShow]

Source: CNBC

Published Wed, Feb 11 2026 7:23 AM EST Updated 1 Min Ago


Kraft Heinz on Wednesday said that it is pausing work on its previously announced plans to split the company. Shares of the company fell 6% in premarket trading. CEO Steve Cahillane, who joined Kraft Heinz in January, said in a statement that many of the company’s issues are “fixable and within our control.”

“My number one priority is returning the business to profitable growth, which will require ensuring all resources are fully focused on the execution of our operating plan,” he said. “As a result, we believe it is prudent to pause work related to the separation and we will no longer incur related dis-synergies this year.”

Kraft Heinz also plans to invest $600 million to fuel a turnaround of its U.S. business. The company plans to spend the money on its marketing, sales, and research and development. The investment will also go towards “product superiority and select pricing,” according to Cahillane.

In September, the company announced plans to break up, reversing much of the blockbuster $46 billion merger from a decade ago that created one of the biggest food companies in the world.

Read more: https://www.cnbc.com/2026/02/11/kraft-heinz-pauses-split-new-ceo-challenges.html

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Maybe because they foresee a "run" on ketchup and want to cash in on what might be a skyrocketing demand in D.C.?





REFERENCE - https://www.democraticunderground.com/10143522483

[TexLaProgressive]

1. Kraft is synonymous with poor taste.

They are destroying Heinz. The British are moving away from Heinz Beans to Branston Baked Beans for beans on toast. That the quality of Heinz has declined since the merger with Kra(p)ft. I’m not a ketchup eater, but my wife and kids always prefered Heinz over Hunts. I’ll have to ask them if their preferred ketchup is up to snuff.

[FakeNoose]

3. Kraft has moved almost all the operations out of Pittsburgh

That's all they did as the final result of this merger, and now they're de-merging. What a useless mess.

[BumRushDaShow]

4. I live in the state where Heinz (and Hershey) are all over the place

and not to forget the former PA (deceased) Senator John Heinz (R) -



He was more along with the Teddy Roosevelt (R)s and not the loons that came 30 years later.

I just spotted this where they added a ketchup bottle to the Heinz History Center a couple years ago -

[FakeNoose]

7. John Heinz III was a good Senator and good for Pennsylvania

It was a sad day in 1991 when he died in a helicopter crash. I believe John Heinz remains (to this day) the only GOP member I've ever voted for. It's possible that when I lived in upstate New York, I might have voted for Nelson Rockefeller's reelection, but I can't be sure. I was an independent for a long time, but I almost always voted D in every election. The only time(s) I didn't vote D are mentioned above.

[BumRushDaShow]

8. I remember when that happened

I was on a training detail in another branch at my office and one of the guys came running over to mention that he had just heard about the crash on the radio (especially since the crash was right outside of Philly). It was definitely a shock!

That was when then-Gov. Bob Casey appointed former JFK staffer Harris Wofford to fill the slot until the special election to serve out the remainder of the term, and Wofford won. However when the term ended and the seat came up a few years later, Wofford lost to Frothy and it was downhill after that until Casey Jr. ran and kicked Frothy to the curb by over 17%.

Now McCormick has that seat.

Heinz's widow Teresa ended up marrying John Kerry.

[bucolic_frolic]

2. They've sold off so much value to compete with boutique brands

and it's not working out well for them. Mature companies are more committed to the bottom line than to growth or innovation.

Fix the product lines, fix the pricing. Good luck with that.

[Javaman]

5. so the deathwatch begins. nt

[KY_EnviroGuy]

6. New word of the day: dis-synergies.

Nothing beats a morning dose of Wall Street bullshit over coffee to work my last nerve........

[BumRushDaShow]

9. "New word of the day: dis-synergies."

It's why the below is one of my favorite (recent) Weird Al songs -

He couldn't have nailed it better!