Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 136

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 2
Chunk 136
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 See the Non-GAAP Financial Measures section at the end of this item. 

32

Drivers of the changes in net sales and Organic Net Sales for the three months ended March 29, 2025 compared to the three months ended March 30, 2024 were:

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/MixFor the Three Months EndedNorth America(7.0)%(0.5) pp0.0 pp(6.5)%0.6 pp(7.1) ppInternational Developed Markets(4.4)%(2.7) pp0.0 pp(1.7)%(0.2) pp(1.5) ppEmerging Markets(4.7)%(7.5) pp(1.1) pp3.9 %4.3 pp(0.4) ppKraft Heinz(6.4)%(1.6) pp(0.1) pp(4.7)%0.9 pp(5.6) pp

Adjusted Operating Income:

For the Three Months EndedMarch 29, 2025March 30, 2024(in millions)Segment Adjusted Operating Income:North America$1,101 $1,215 International Developed Markets127 136 Emerging Markets99 82 General corporate expenses(128)(168)Restructuring activities(4)3 Unrealized gains/(losses) on commodity hedges1 34 Operating income/(loss)1,196 1,302 Interest expense229 226 Other expense/(income)(51)47 Income/(loss) before income taxes$1,018 $1,029 

North America:

For the Three Months EndedMarch 29, 2025March 30, 2024% Change(in millions)Net sales$4,488 $4,828 (7.0)%Organic Net Sales(a)4,515 4,828 (6.5)%Segment Adjusted Operating Income1,101 1,215 (9.4)%

(a)    Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section at the end of this item. 

Three Months Ended March 29, 2025 Compared to the Three Months Ended March 30, 2024:

Net sales decreased 7.0% to $4.5 billion for the three months ended March