Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 54

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 financial measures assist management in comparing our performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect our underlying operations. For additional information and reconciliations to the most closely comparable financial measures presented in our condensed consolidated financial statements, which are calculated in accordance with U.S. GAAP see Non-GAAP Financial Measures.

Consolidated Results of Operations

Summary of Results:

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024% ChangeJune 28, 2025June 29, 2024% Change(in millions, except per share data)(in millions, except per share data)Net sales$6,352 $6,476 (1.9)%$12,351 $12,887 (4.2)%Operating income/(loss)(7,974)522 (1,627.6)%(6,778)1,824 (471.6)%Net income/(loss)(7,823)100 (7,923.0)%(7,109)904 (886.4)%Net income/(loss) attributable to common shareholders(7,824)102 (7,770.6)%(7,112)903 (887.6)%Diluted EPS(6.60)0.08 (8,350.0)%(5.98)0.74 (908.1)%

 Net Sales:

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024% ChangeJune 28, 2025June 29, 2024% Change(in millions)(in millions)Net sales$6,352 $6,476 (1.9)%$12,351 $12,887 (4.2)%Organic Net Sales(a)6,328 6,458 (2.0)%12,411 12,841 (3.3)%

(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 June 28, 2025 Compared to the Three Months Ended June 29, 2024:

Net sales decreased 1.9% to $6.4 billion for the three months ended June 28, 2025 compared to $6.5