Kraft Heinz has halted efforts to split the company, in a surprise move that new CEO Steve Cahillane said was necessary due to deteriorating conditions in the food industry, though ‌he called the challenges "fixable and within our control." Kraft Heinz is among the few companies to reverse a major breakup, as only about one in 10 corporate spinoffs are cancelled on average, according to a 2022 report by KPMG. Warren Buffett, seen above in a May 2019 file photo, told CNBC at the time of the announcement of the intended Kraft Heinz split that he disapproved of the split. Q4 results fall shortOn Wednesday, Kraft Heinz reported fourth-quarter results that fell ⁠short of ⁠estimates and forecast 2026 earnings below expectations. He also acknowledged that Kraft Heinz has ​not provided consumers additional benefits for the higher price ⁠tag.

Source: CBC News February 12, 2026 05:55 UTC