Company: KHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001637459-25-000152
Chunk: 127

Company: Kraft Heinz Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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,350.0)%(5.98)0.74 (908.1)%

 Net Sales:

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$6,352 $6,476 (1.9)%$12,351 $12,887 (4.2)%Organic Net Sales(a)6,328 6,458 (2.0)%12,411 12,841 (3.3)%

(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 June 29, 2024:

Net sales decreased 1.9% to $6.4 billion for the three months ended June 28, 2025 compared to $6.5 billion for the three months ended June 29, 2024, including the favorable impacts of foreign currency (0.1 pp). Organic Net Sales decreased 2.0% to $6.3 billion for the three months ended June 28, 2025 compared to $6.5 billion for the three months ended June 29, 2024, primarily due to the unfavorable volume/mix (2.7 pp), which more than offset higher pricing (0.7 pp). Pricing was higher in each segment. Volume/mix in North America and International Developed Markets was unfavorable, while volume/mix in Emerging Markets was favorable.

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

Net sales decreased 4.2% to $12.4 billion for the six months ended June 28, 2025 compared to $12.9 billion for the six months ended June 29, 2024, including the unfavorable impacts of foreign currency (0.8 pp) and acquisitions and divestitures (0.1 pp). Organic Net Sales decreased 3.3% to $12.4 billion for the six months ended June 28, 2025 compared to $12.8 billion for the six months ended June 29, 2024, primarily due to the unfavorable volume/mix (4.2 pp), which more than