Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 15

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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Item 1.  Financial Statements.

The Kraft Heinz Company

Condensed Consolidated Statements of Income

(in millions, except per share data)

(Unaudited)

For the Three Months EndedMarch 29, 2025March 30, 2024Net sales$5,999 $6,411 Cost of products sold3,935 4,168 Gross profit2,064 2,243 Selling, general and administrative expenses868 941 Operating income/(loss)1,196 1,302 Interest expense229 226 Other expense/(income)(51)47 Income/(loss) before income taxes1,018 1,029 Provision for/(benefit from) income taxes304 225 Net income/(loss)714 804 Net income/(loss) attributable to noncontrolling interest2 3 Net income/(loss) attributable to common shareholders$712 $801 Per share data applicable to common shareholders:Basic earnings/(loss)$0.60 $0.66 Diluted earnings/(loss)0.59 0.66 

See accompanying notes to the condensed consolidated financial statements.

1

The Kraft Heinz Company

Condensed Consolidated Statements of Comprehensive Income

(in millions)

(Unaudited)

For the Three Months EndedMarch 29, 2025March 30, 2024Net income/(loss)$714 $804 Other comprehensive income/(loss), net of tax:Foreign currency translation adjustments309 (184)Net deferred gains/(losses) on net investment hedges(60)74 Amounts excluded from the effectiveness assessment of net investment hedges7 10 Net deferred losses/(gains) on net investment hedges reclassified to net income/(loss)(7)(9)Net deferred gains/(losses) on cash flow hedges20 8 Amounts excluded from the effectiveness assessment of cash flow hedges(1)(2)Net deferred losses/(gains) on cash flow hedges reclassified to net income/(loss)(58)14 Amounts excluded from the effectiveness assessment of fair value hedges19 — Net deferred losses/(gains) on fair value hedges reclassified to net income/(loss)(2)— Net deferred gains/(losses) on available-for-sale debt securities(1)— Net postemployment benefit losses/(gains) reclassified to net income/(loss)(4)(4)Total other comprehensive income/(loss