Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 135

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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ging Markets(0.4)%(5.3) pp(0.8) pp5.7 %4.8 pp0.9 ppKraft Heinz(4.2)%(0.8) pp(0.1) pp(3.3)%0.9 pp(4.2) pp

37

Adjusted Operating Income:

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024June 28, 2025June 29, 2024(in millions)Segment Adjusted Operating Income:North America$1,173 $1,341 $2,274 $2,556 International Developed Markets136 126 263 262 Total Segment Adjusted Operating Income1,309 1,467 2,537 2,818 Emerging Markets100 66 199 148 General corporate expenses(133)(153)(261)(321)Restructuring activities— (3)(4)— Unrealized gains/(losses) on commodity hedges16 (1)17 33 Impairment losses(9,266)(854)(9,266)(854)Operating income/(loss)(7,974)522 (6,778)1,824 Interest expense240 229 469 455 Other expense/(income)(47)(55)(98)(8)Income/(loss) before income taxes$(8,167)$348 $(7,149)$1,377 

North America:

For the Three Months EndedFor the Six Months EndedJune 28, 2025June 29, 2024% ChangeJune 28, 2025June 29, 2024% Change(in millions)(in millions)Net sales$4,757 $4,921 (3.3)%$9,245 $9,749 (5.2)%Organic Net Sales(a)4,761 4,921 (3.2)%9,276 9,749 (4.8)%Segment Adjusted Operating Income1,173 1,341 (12.5)%2,274 2,556 (11.0)%

(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 June 28, 2025 Compared to the Three Months Ended