Kraft Heinz (NASDAQ:KHC) reported second-quarter results on Wednesday that exceeded both earnings and revenue projections, lifting its shares by 1% in premarket trading. The food giant also reaffirmed its full-year guidance.
For the quarter, the company posted earnings per share of $0.69, beating Wall Street’s forecast of $0.64. Revenue came in at $6.35 billion, down 1.9% from a year earlier but ahead of the $6.25 billion analyst consensus.
Organic net sales declined 2% year-over-year, while the company’s adjusted gross profit margin narrowed by 140 basis points to 34.1%. Adjusted operating income fell 7.5% to $1.3 billion during the quarter.
Despite the declines in some key metrics, Kraft Heinz remained confident in its long-term strategy.
“We are proud to play a vital role in families’ lives, and our commitment to delivering superior, affordable, and accessible products is unwavering,” said Carlos Abrams-Rivera, CEO of Kraft Heinz.
Looking to the remainder of 2025, Kraft Heinz expects earnings per share to fall within the range of $2.51 to $2.67, compared to the average analyst estimate of $2.59.
The company projects a decline in organic net sales of between 1.5% and 3.5%, while constant currency adjusted operating income is forecast to decrease by 5% to 10%. Free cash flow is expected to remain flat compared to the prior year.
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