Short answer
Kraft Heinz (KHC) filed its Q3 2025 10-Q quarterly report on Oct 29, 2025 for the quarter ended Sep 27, 2025. Quarterly revenue was $6.2B (down 2.3% year over year) with net income of $615M.
Q3 2025 key financials · XBRL
- Revenue
- $6.2B
- −2.3% YoY · −1.8% QoQ
- Net income
- $615M
- +312.1% YoY · +107.9% QoQ
- Operating margin
- 16.4%
- Gross margin
- 31.9%
- EPS (diluted)
- $0.51
- +312.5% YoY · +107.8% QoQ
Source: XBRL data from the Kraft Heinz (KHC) Q3 2025 10-Q on SEC EDGAR. USD.
Kraft Heinz Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $6.24B Q3 FY25, down 2.3% YoY from $6.38B Q3 FY24
- Operating income $1.03B Q3 FY25 vs. loss $101M Q3 FY24; Q3 adjusted operating income down 16.9% to $1.11B from $1.33B
- Emerging Markets segment best performer: net sales up 3.8% Q3, segment adjusted operating income down only 6.5%; North America worst: net sales down 3.8%, adjusted operating income down 17.8%
- Operating cash flow $3.1B first 9 months FY25, up from $2.8B; capital expenditures expected $950M vs $1B prior year
- Management highlights impacts from inflation and tariffs, raised prices in all segments; warns near-term volume/mix challenges in North America and International Developed Markets; anticipates separation transaction completion in H2 2026
Risk Factors
- New spin-off risk triggered by Sept 2, 2025 announcement to separate into two public companies, completion expected in H2 2026
- Most updated financial risk: $20.9B senior notes maturing 2026-2050 may require refinancing, raising debt service costs and impacting liquidity
- Regulatory risk: Uncertainty if Separation will qualify as tax-free under U.S. federal income tax, risking significant tax liabilities for company and stockholders
- Operational risk: Management distraction and employee retention challenges during Separation may disrupt ongoing business and performance
- Market risk: Share price volatility expected around Separation, with potential for declines or unpredictable fluctuations post-spin-off
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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