Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 9

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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Item 1.  Financial Statements.

The Kraft Heinz Company

Condensed Consolidated Statements of Income

(in millions, except per share data)

(Unaudited)

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Net sales$6,352 $6,476 $12,351 $12,887 Cost of products sold4,169 4,182 8,104 8,350 Gross profit2,183 2,294 4,247 4,537 Selling, general and administrative expenses, excluding impairment losses891 918 1,759 1,859 Goodwill impairment losses6,694 854 6,694 854 Intangible asset impairment losses2,572 — 2,572 — Selling, general and administrative expenses10,157 1,772 11,025 2,713 Operating income/(loss)(7,974)522 (6,778)1,824 Interest expense240 229 469 455 Other expense/(income)(47)(55)(98)(8)Income/(loss) before income taxes(8,167)348 (7,149)1,377 Provision for/(benefit from) income taxes(344)248 (40)473 Net income/(loss)(7,823)100 (7,109)904 Net income/(loss) attributable to noncontrolling interest1 (2)3 1 Net income/(loss) attributable to common shareholders$(7,824)$102 $(7,112)$903 Per share data applicable to common shareholders:Basic earnings/(loss)$(6.60)$0.08 $(5.98)$0.74 Diluted earnings/(loss)(6.60)0.08 (5.98)0.74 

See accompanying notes to the condensed consolidated financial statements.

1

The Kraft Heinz Company

Condensed Consolidated Statements of Comprehensive Income

(in millions)

(Unaudited)

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024Net income/(loss)$(7,823)$100 $(7,109)$904 Other comprehensive income/(loss),