Company: KHC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001637459-25-000061
Chunk: 55

Company: Kraft Heinz Co
Filing Date: 2025-04-29
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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) ppInternational Developed Markets(4.4)%(2.7) pp0.0 pp(1.7)%(0.2) pp(1.5) ppEmerging Markets(4.7)%(7.5) pp(1.1) pp3.9 %4.3 pp(0.4) ppKraft Heinz(6.4)%(1.6) pp(0.1) pp(4.7)%0.9 pp(5.6) pp

Adjusted Operating Income:

For the Three Months EndedMarch 29, 2025March 30, 2024(in millions)Segment Adjusted Operating Income:North America$1,101 $1,215 International Developed Markets127 136 Emerging Markets99 82 General corporate expenses(128)(168)Restructuring activities(4)3 Unrealized gains/(losses) on commodity hedges1 34 Operating income/(loss)1,196 1,302 Interest expense229 226 Other expense/(income)(51)47 Income/(loss) before income taxes$1,018 $1,029 

North America:

For the Three Months EndedMarch 29, 2025March 30, 2024% Change(in millions)Net sales$4,488 $4,828 (7.0)%Organic Net Sales(a)4,515 4,828 (6.5)%Segment Adjusted Operating Income1,101 1,215 (9.4)%

(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 March 29, 2025 Compared to the Three Months Ended March 30, 2024:

Net sales decreased 7.0% to $4.5 billion for the three months ended March 29, 2025 compared to $4.8 billion for the three months ended March 30, 2024, including the unfavorable impacts of foreign currency (0.5 pp). Organic Net Sales decreased 6.5% to $4.5 billion for the three months ended March 29, 2025 compared to $4.8 billion for the three months ended March 30, 2024, primarily due to unfavorable volume/mix (7.1 pp), which more than offset higher pricing (0.