Company: KHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001637459-25-000166
Chunk: 18

Company: Kraft Heinz Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
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 Nine Months EndedSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024Net sales$6,237 $6,383 $18,588 $19,270 Cost of products sold4,247 4,197 12,351 12,547 Gross profit1,990 2,186 6,237 6,723 Selling, general and administrative expenses, excluding impairment losses930 859 2,689 2,718 Goodwill impairment losses35 707 6,729 1,561 Intangible asset impairment losses— 721 2,572 721 Selling, general and administrative expenses965 2,287 11,990 5,000 Operating income/(loss)1,025 (101)(5,753)1,723 Interest expense240 230 709 685 Other expense/(income)(22)(48)(120)(56)Income/(loss) before income taxes807 (283)(6,342)1,094 Provision for/(benefit from) income taxes194 7 154 480 Net income/(loss)613 (290)(6,496)614 Net income/(loss) attributable to noncontrolling interest(2)— 1 1 Net income/(loss) attributable to common shareholders$615 $(290)$(6,497)$613 Per share data applicable to common shareholders:Basic earnings/(loss)$0.52 $(0.24)$(5.47)$0.51 Diluted earnings/(loss)0.52 (0.24)(5.47)0.50 

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 Nine Months EndedSeptember 27, 2025September 28, 2024September 27, 2025September 28, 2024Net income/(loss)$613 $(290)$(6,496)$614 Other comprehensive income/(loss), net of tax:Foreign currency translation adjustments(77)369 904