The Kraft Heinz Company
24.38-1.14 (-4.47%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · KHC · USD
Key Stats
Market Cap
28.86BP/E (TTM)
-Basic EPS (TTM)
-3.71Dividend Yield
0.06%Recent Filings
8-K
Kraft Heinz adds board experts
Kraft Heinz appointed L. Kevin Cox, Mary Lou Kelley, and Tony Palmer to its Board on October 22, 2025, adding expertise in HR transformation, e-commerce, and consumer goods amid preparations to split into two independent companies. Cox's GE spinoff experience, Kelley's Best Buy digital leadership, and Palmer's CPG growth track record will guide the separation while boosting core operations. Their insights sharpen strategy. No related transactions disclosed.
8-K
Kraft Heinz plans tax-free split
The Kraft Heinz Company announced plans on September 2, 2025, to split into two independent public companies via a tax-free spin-off, targeting completion in the second half of 2026. Global Taste Elevation Co. will focus on international sauces and meals with $15.4 billion in 2024 net sales and $4.0 billion Adjusted EBITDA, while North American Grocery Co., led by CEO Carlos Abrams-Rivera, targets U.S. staples with $10.4 billion net sales and $2.3 billion Adjusted EBITDA. The move aims to sharpen focus and efficiency, maintaining the current dividend aggregate. Yet dis-synergies could reach $300 million.
10-Q
Q2 FY2025 results
Kraft Heinz's Q2 FY2025 net sales dipped 1.9% y/y to $6.4B, with organic sales down 2.0% (derived) from unfavorable volume/mix in North America and International Developed Markets, offset by pricing gains and Emerging Markets growth. Gross margin held steady at 34.4%, but massive $9.3B non-cash impairments on goodwill and intangibles flipped operating income to a $8.0B loss from $522M profit, driving net loss to $7.8B and diluted EPS to $(6.60) versus $0.08. Adjusted operating income fell 7.5% to $1.3B, reflecting commodity inflation outpacing efficiencies, yet cash from operations rose to $1.9B YTD on working capital gains. Debt stands at $21.2B after issuing $1.6B notes, with $1.6B cash and full $4B revolver access; Italy infant nutrition sale pending for $140M. Impairments sting, but cash flow endures.
8-K
Q2 sales dip, impairments hit
Kraft Heinz reported Q2 2025 net sales down 1.9% to $6.4 billion, with organic net sales off 2.0%, as volume/mix fell 2.7 percentage points amid declines in cold cuts and coffee, offset by 0.7 percentage points from pricing. A $9.3 billion non-cash impairment loss hammered operating income to an $8.0 billion deficit, yet adjusted operating income dipped just 7.5% to $1.3 billion, buoyed by efficiency gains. Year-to-date free cash flow surged 28.5% to $1.5 billion. The company holds its full-year outlook, while eyeing strategic deals to boost value.
8-K
Kraft Heinz procurement leadership change
The Kraft Heinz Company announced on July 9, 2025, that Executive Vice President and Chief Procurement and Sustainability Officer Marcos Eloi Lima will step down effective August 1, 2025, remaining as an Advisor until March 6, 2026. Janelle Aydin, current Chief Procurement Officer for North America, will succeed him in the role. This leadership transition ensures continuity in procurement and sustainability efforts. No disruptions disclosed.
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