Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 63

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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edges16 (1)17 33 Impairment losses(9,266)(854)(9,266)(854)Operating income/(loss)(7,974)522 (6,778)1,824 Interest expense240 229 469 455 Other expense/(income)(47)(55)(98)(8)Income/(loss) before income taxes$(8,167)$348 $(7,149)$1,377 

North America:

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$4,757 $4,921 (3.3)%$9,245 $9,749 (5.2)%Organic Net Sales(a)4,761 4,921 (3.2)%9,276 9,749 (4.8)%Segment Adjusted Operating Income1,173 1,341 (12.5)%2,274 2,556 (11.0)%

(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 3.3% to $4.8 billion for the three months ended June 28, 2025 compared to $4.9 billion for the three months ended June 29, 2024, including the unfavorable impacts of foreign currency (0.1 pp). Organic Net Sales decreased 3.2% to $4.8 billion for the three months ended June 28, 2025 compared to $4.9 billion for the three months ended June 29, 2024, primarily due to unfavorable volume/mix (3.4 pp), which more than offset higher pricing (0.2 pp). Unfavorable volume/mix was primarily driven by declines in cold cuts, coffee, Lunchables, frozen snacks, and powdered beverages. Higher pricing was taken in certain categories to mitigate higher input costs, primarily in coffee.

Segment Adjusted Operating Income decreased 12.5% to $1.2 billion for the three months ended June 28, 2025 compared to $1.3 billion for the three months