Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 132

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 132
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 was primarily due to lower Adjusted Operating Income and higher taxes on adjusted earnings, which more than offset the favorable impact of our common stock repurchases.

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Six Months Ended June 28, 2025 Compared to the Six Months Ended June 29, 2024:

Diluted EPS decreased 908.1% to $(5.98) for the six months ended June 28, 2025 compared to $0.74 for the six months ended June 29, 2024, primarily due to the net income/(loss) factors discussed above, which more than offset the favorable impact of our common stock repurchases.

For the Six Months EndedJune 28, 2025June 29, 2024$ Change% ChangeDiluted EPS$(5.98)$0.74 $(6.72)(908.1)%Restructuring activities0.01 — 0.01 Unrealized losses/(gains) on commodity hedges(0.01)(0.02)0.01 Impairment losses7.26 0.70 6.56 Losses/(gains) on sale of business— 0.05 (0.05)Nonmonetary currency devaluation0.02 — 0.02 Certain significant discrete income tax items0.01 — 0.01 Adjusted EPS(a)$1.31 $1.47 $(0.16)(10.9)%Key drivers of change in Adjusted EPS(a):Results of operations$(0.12)Other expense/(income)0.02 Effective tax rate(0.09)Effect of common stock repurchases(b)0.03 $(0.16)

(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 15, Earnings Per Share, for more information on our weighted average shares outstanding.

Adjusted EPS decreased 10.9% to $1.31 for the six months ended June 28, 2025 compared to $1.47 for the six months ended June 29, 2024. This decrease was primarily due to lower Adjusted Operating Income and higher taxes on adjusted earnings, which more