Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 72

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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&A, primarily due to decreased advertising expenses and lower variable compensation expense.

Diluted EPS:

For the Three Months EndedFor the Nine Months EndedSeptember 27, 2025September 28, 2024% ChangeSeptember 27, 2025September 28, 2024% ChangeDiluted EPS$0.52 $(0.24)316.7 %$(5.47)$0.50 (1,194.0)%Adjusted EPS(a)0.61 0.75 (18.7)%1.92 2.22 (13.5)%

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

Three Months Ended September 27, 2025 Compared to the Three Months Ended September 28, 2024:

Diluted EPS increased 316.7% to $0.52 for the three months ended September 27, 2025 compared to $(0.24) for the three months ended September 28, 2024, primarily due to the net income/(loss) factors discussed above and the favorable impact of our common stock repurchases.

For the Three Months EndedSeptember 27, 2025September 28, 2024$ Change% ChangeDiluted EPS$0.52 $(0.24)$0.76 316.7 %Unrealized losses/(gains) on commodity hedges0.02 — 0.02 Impairment losses0.03 0.99 (0.96)Separation costs0.01 — 0.01 Losses/(gains) on sale of business0.04 — 0.04 Certain significant discrete income tax items(0.01)— (0.01)Adjusted EPS(a)$0.61 $0.75 $(0.14)(18.7)%Key drivers of change in Adjusted EPS(a):Results of operations$(0.14)Interest expense(0.01)Other expense/(income)0.02 Effective tax rate(0.02)Effect of common stock repurchases(b)0.01 $(0.14)

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

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(b)    Includes the impact of the change in the weighted average