Kraft Heinz posts $8.0 billion Q2 loss on $9.3 billion impairments; outlook reaffirmed
Kraft Heinz reported second-quarter 2025 net sales of $6.4 billion, down 1.9% from a year earlier, and an operating loss of $8.0 billion driven by $9.3 billion in non-cash impairment losses, which the company said reflect a sustained decline in its share price and market capitalization. Adjusted EPS fell 11.5% to $0.69, and the company reaffirmed its full-year 2025 outlook, including Adjusted EPS of $2.51 to $2.67. The filing also says the company is evaluating strategic transactions, with no assurance that any transaction will result.
Key points
- Q2 net sales were $6.4 billion, down 1.9%; Organic Net Sales fell 2.0%.
- Operating loss of $8.0 billion included $9.3 billion in impairment losses; Adjusted Operating Income was $1.3 billion, down 7.5%.
- Diluted EPS was $(6.60) versus $0.08 a year earlier; Adjusted EPS was $0.69, down 11.5%.
- FY2025 outlook reaffirmed: Adjusted EPS of $2.51 to $2.67, with Organic Net Sales down 1.5% to 3.5%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.