Company: KHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001637459-25-000011
Chunk: 90

Company: Kraft Heinz Co
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 90
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91 20.9 %Adjusted EPS(a)3.06 2.98 2.7 %2.98 2.78 7.2 %

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

29

Fiscal Year 2024 Compared to Fiscal Year 2023:

Diluted EPS decreased 2.2% to $2.26 in 2024 compared to $2.31 in 2023, primarily driven by the net income/(loss) factors discussed above and the favorable impact of our common stock repurchases.

December 28, 2024December 30, 2023$ Change% ChangeDiluted EPS$2.26 $2.31 $(0.05)(2.2)%Restructuring activities0.01 0.16 (0.15)Unrealized losses/(gains) on commodity hedges(0.01)— (0.01)Impairment losses2.58 0.50 2.08 Losses/(gains) on sale of business0.05 — 0.05 Nonmonetary currency devaluation0.01 0.02 (0.01)Certain significant discrete income tax items(1.84)(0.01)(1.83)Adjusted EPS(a)$3.06 $2.98 $0.08 2.7 %Key drivers of change in Adjusted EPS(a):Results of operations$0.04 Effect of common stock repurchases(b):0.04 Other expense/(income)0.01 Effective tax rate(0.01)$0.08 

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

(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 19, Earnings Per Share, in Item 8, Financial Statements and Supplementary Data, for more information on our weighted average shares outstanding.

Adjusted EPS increased 2.7% to $3.06 in 2024 compared to $2.98 in 2023 primarily driven by higher Adjusted Operating Income, the favorable impact of