TacticScaleWhat Kraft Heinz Does & How It Makes Money (KHC)
Updated October 2026 · reflects Kraft Heinz's latest reported financials
Global packaged food maker behind Kraft, Heinz and Oscar Mayer. It earns revenue by manufacturing branded packaged foods and beverages and selling them in volume to grocery chains, mass merchants, club and convenience stores, foodservice distributors, institutions and e-commerce retailers, through its own sales teams and through brokers and distributors.
How Kraft Heinz makes money
It earns revenue by manufacturing branded packaged foods and beverages and selling them in volume to grocery chains, mass merchants, club and convenience stores, foodservice distributors, institutions and e-commerce retailers, through its own sales teams and through brokers and distributors.
What Kraft Heinz does
The Kraft Heinz Company is one of the largest packaged food companies, with a history dating to 1869 and headquarters in Pittsburgh, Pennsylvania. It took its current name in July 2015, when H.J. Heinz Holding Corporation became The Kraft Heinz Company. Its range covers condiments and sauces, cheese, frozen potatoes and meals, meal kits, desserts, drinks, coffee and processed meats, under brands such as Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Ore-Ida, Maxwell House, Jell-O and Cool Whip. North America is its main market, and it also sells abroad through regional brands such as ABC, Master, Quero, Golden Circle, Wattie's, Pudliszki and Plasmon. Its customers include grocery chains, mass merchants, club and convenience stores, pharmacies, foodservice distributors, hotels, restaurants, hospitals and online retailers. It also has a strategic partnership with the National Football League.
Products & services
- Heinz ketchup and condiments
- Kraft cheese and dressings
- Oscar Mayer cold cuts, bacon and hot dogs
- Philadelphia cream cheese
- Lunchables meal kits
- Capri Sun and Kool-Aid drinks
What is Kraft Heinz worth?
On an owner-earnings DCF, Kraft Heinz's most-likely value is about $44 versus a recent price near $22 (96% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$33) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $22 is below even the no-growth floor ($33); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -4.5%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Hormel Foods (HRL) · Conagra Brands (CAG) · The Hershey (HSY) · The Campbell's (CPB) · McCormick (MKC)