The Kraft Heinz Company
Kraft Heinz Reports 2024 Financial Results and 2025 Outlook
Summary
The Kraft Heinz Company reported a 3.0% decrease in net sales for the full year 2024, with organic net sales down 2.1%. Gross profit margin increased by 120 basis points to 34.7%, while operating income decreased significantly by 63.2% due to non-cash impairment losses. Diluted EPS was $2.26, down 2.2% from the prior year. The company provided a full year 2025 outlook with expected organic net sales flat to down 2.5%, constant currency adjusted operating income down 1% to 4%, and adjusted EPS in the range of $2.63 to $2.74.
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About The Kraft Heinz Company
The Kraft Heinz Company is a globally recognized food and beverage conglomerate formed through the merger of Kraft Foods Group and H.J. Heinz Company in 2015. Specializing in the production and distribution of a broad portfolio of brands, the company is known for iconic names such as Heinz Ketchup, Kraft Macaroni & Cheese, and Philadelphia Cream Cheese. Its primary function is to manufacture and market consumer packaged goods across the globe, serving a vast network of retail and foodservice businesses. The company significantly impacts sectors such as grocery retail, food service, and packaged food manufacturing. Headquartered in Pittsburgh, Pennsylvania, and Chicago, Illinois, Kraft Heinz is one of the world's largest food and beverage companies, playing a pivotal role in shaping food trends and consumer preferences. Its products are staples in households across North America, Europe, Asia Pacific, and Latin America, underscoring its commitment to quality and innovation in the food industry.
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