Kraft Heinz cuts 2025 outlook as Q3 adjusted EPS falls 18.7% to $0.61
Kraft Heinz reported third-quarter 2025 net sales of $6.2 billion, down 2.3% from a year earlier, and adjusted EPS of $0.61, down 18.7%. The company lowered its full-year 2025 guidance for organic net sales and constant currency adjusted operating income, and narrowed its adjusted EPS range to $2.50 to $2.57, which lowers the top end of the prior $2.51 to $2.67 range. For shareholders, the weaker outlook and higher costs point to lower near-term earnings, though free cash flow rose 23.3%.
Key points
- Q3 2025 net sales fell 2.3% to $6.2 billion; organic net sales fell 2.5%, with volume/mix down 3.5 percentage points
- Q3 adjusted operating income fell 16.9% to $1.1 billion; diluted EPS was $0.52 versus a loss of $0.24 a year earlier, which reflected prior-year impairment losses
- Full-year 2025 constant currency adjusted operating income now expected down 10% to 12%, versus the prior down 5% to 10%
- Year-to-date free cash flow was $2.5 billion, up 23.3%; the separation into two companies remains on track for the second half of 2026
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 October 29, 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.