Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 149

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 8
Chunk 149
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%$(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 shares of common stock outstanding, including dilutive effect, which is primarily due to shares purchased pursuant to our publicly announced share repurchase program. See Note 16, Earnings Per Share, for more information on our weighted average shares outstanding.

Adjusted EPS decreased 18.7% to $0.61 for the three months ended September 27, 2025 compared to $0.75