Kraft Heinz Co
For the period ended Jun 29, 2024. Filed Jul 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Jul 31, 2024
KHC$24.24-0.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Income
(in millions, except per share data)
| For the Three Months Ended | For the Six Months Ended | |||
|---|---|---|---|---|
| June 29, 2024 | July 1, 2023 | June 29, 2024 | July 1, 2023 | |
| Net sales | $6,476 | $6,721 | $12,887 | $13,210 |
| Cost of products sold | 4,182 | 4,460 | 8,350 | 8,836 |
| Gross profit | 2,294 | 2,261 | 4,537 | 4,374 |
| Selling, general and administrative expenses, excluding impairment losses | 918 | 885 | 1,859 | 1,755 |
| Goodwill impairment losses | 854 | — | 854 | — |
| Selling, general and administrative expenses | 1,772 | 885 | 2,713 | 1,755 |
| Operating income/(loss) | 522 | 1,376 | 1,824 | 2,619 |
| Interest expense | 229 | 228 | 455 | 455 |
| Other expense/(income) | (55) | (24) | (8) | (59) |
| Income/(loss) before income taxes | 348 | 1,172 | 1,377 | 2,223 |
| Provision for/(benefit from) income taxes | 248 | 174 | 473 | 388 |
| Net income/(loss) | 100 | 998 | 904 | 1,835 |
| Net income/(loss) attributable to noncontrolling interest | (2) | (2) | 1 | (1) |
| Net income/(loss) attributable to common shareholders | $102 | $1,000 | $903 | $1,836 |
| Per share data applicable to common shareholders: | ||||
| Basic earnings/(loss) | $0.08 | $0.81 | $0.74 | $1.50 |
| Diluted earnings/(loss) | 0.08 | 0.81 | 0.74 | 1.49 |
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