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Kraft Heinz

KHC Q2 2025 Earnings

Reported Jul 30, 2025 at 7:02 AM ET · SEC Source

Q2 25 EPS

$0.69

BEAT +8.42%

Est. $0.64

Q2 25 Revenue

$6.35B

BEAT +1.33%

Est. $6.27B

vs S&P Since Q2 25

-31.7%

TRAILING MARKET

KHC -18.1% vs S&P +13.6%

Market Reaction

Did KHC Beat Earnings? Q2 2025 Results

Kraft Heinz posted a stronger-than-expected second quarter on an adjusted basis, with earnings per share of $0.69 beating the $0.64 consensus estimate by 8.42%, even as the food giant continued to grapple with volume erosion and surging commodity cos… Read more Kraft Heinz posted a stronger-than-expected second quarter on an adjusted basis, with earnings per share of $0.69 beating the $0.64 consensus estimate by 8.42%, even as the food giant continued to grapple with volume erosion and surging commodity costs. Revenue of $6.35 billion edged past the $6.27 billion consensus by 1.33%, though it still fell 1.9% year-over-year, with organic sales dragged lower by weakness in cold cuts, coffee, Lunchables, and frozen snacks. The headline GAAP results were far grimmer, as a $9.27 billion non-cash impairment charge tied to the company's declining market capitalization swung GAAP operating income to a loss of $7.97 billion. On the adjusted operating line, margins continued to compress as commodity inflation offset efficiency gains. Looking ahead, Kraft Heinz reaffirmed its full-year adjusted EPS guidance of $2.51 to $2.67, while the company also confirmed it is actively evaluating a potential split into two separate business units, a move framed as a path to unlocking long-term shareholder value.

Key Takeaways

  • • Volume/mix declined 2.7 pp driven by declines in cold cuts, coffee, Lunchables, frozen snacks, and powdered beverages
  • • Pricing increased 0.7 pp driven by higher pricing in certain categories to mitigate higher input costs, primarily in coffee
  • • Increased commodity cost inflation more than offset efficiency initiatives
  • • Emerging Markets delivered 7.6% organic net sales growth with volume/mix growth of 2.4 pp
  • • Working capital improvements and lower variable compensation outflows drove operating cash flow growth
24/7 Wall St

KHC YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

KHC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25
24/7 Wall St

KHC Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q3 25

“We are proud to play a vital role in families' lives, and our commitment to delivering superior, affordable, and accessible products is unwavering. Our second quarter top line results reflect this dedication, improving from the first quarter.”

— Carlos Abrams-Rivera, Q2 2025 Earnings Press Release

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