Kraft Heinz is on the brink of splitting its business in two, with a potential announcement coming this week, sources say. The grocery portion could be valued at $20bn, with total sales in 2024 reaching $25.85bn. CEO Carlos Abrams-Rivera hinted at a split in May to unlock shareholder value.

The company reported a 3% drop in sales to $25.85bn in 2024, with net income falling to $2.74bn. The latest financial results for the first half of fiscal 2025 showed a 3.3% decrease in organic sales. Stifel analysts speculated on assets that could be spun off in a split, such as Oscar Mayer and Jell-O brands.

Stifel analysts believe faster-growing assets to remain would include North America retail platforms, away-from-home unit, and emerging-markets businesses. The assets spun off could house retail portions of the company’s “protect” and “balance” platforms. Assets like condiments, ready-meals brands, and snacking lines may be retained, while drinks brands, cheese, and coffee could be spun off.

Read more at Yahoo Finance: Kraft Heinz ‘getting close to split announcement’