MEDIUMOutside partyCustomer
46%
five largest customers in North America
“10-K Item 1: 'the five largest customers in our North America segment accounted for approximately 46% of North America segment net sales'”
KHC · Concentration risk · 10-K extracted
The Kraft Heinz (KHC) concentration risks
Updated
The most significant concentration The Kraft Heinz discloses is five largest customers in North America at 46%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: The Kraft Heinz’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inProduct / Revenue mix
45%
Taste Elevation
“10-K Item 1: 'Net sales by platform as a percentage of consolidated net sales ... Taste Elevation| 45 | %|'”
LOWOutside partyCustomer
21%
Walmart Inc.
“10-K Item 1: 'Our largest customer, Walmart Inc., represented approximately 21% of our net sales in 2025, 2024, and 2023.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-03The company's disclosed concentrations span customers and product platforms, all moderate or smaller by disclosed size. The five largest customers in its North America segment accounted for approximately 46% of North America segment net sales — a medium-share, dependency-type exposure reflecting the consolidated buying power of large grocery and retail accounts. By platform, Taste Elevation is the largest contributor to consolidated net sales, a medium-share, structural product concentration in the company's flagship category. At the single-customer level, Walmart is the largest at approximately 21% of net sales, a low-share dependency. Netting these out, the picture is a diversified consumer-staples business whose main concentration is the retail customer base — both the five-largest North America accounts and Walmart specifically — rather than any one product or supplier. The renewal terms and shelf decisions of the largest retail customers are the variables most worth monitoring, but none of the disclosed exposures looks large enough on its own to move the investment verdict.
For the engine’s reasoning on KHC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| KHC● | The Kraft Heinz Company | 0 | 2 | 1 | 3 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.