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Kraft Heinz (KHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Kraft Heinz (KHC) reported revenue of $6.0B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -9% from the quarter before. Operating margin was 19.9%, net earnings $714M (11.9% of revenue).
Kraft Heinz, Q1 2025: revenue $6.0B (-6% year over year), operating margin 19.9%, net earnings $714M, operating cash flow $720M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | -9% | -6% |
| Gross profit | $2.1B | -8% | -8% |
| Operating profit | $1.2B | — | -8% |
| Net earnings | $714M | -67% | -11% |
| Operating cash flow | $720M | -48% | -7% |
| Free cash flow | $482M | -58% | +1% |
What changed
Revenue was $6.0B in Q1 2025, down 6% year over year and down 9% from the previous quarter. North America was the largest line at 75% of revenue. North America lost $0.34B year over year (down 7%), 83% of the total change.
Gross margin was 34.4%, down 0.6 points from a year earlier. Operating profit was $1.2B, a 19.9% margin (down 0.4 points year over year). Operating expenses fell 8% while revenue fell 6%. Net earnings were $0.71B, down 11% year over year. The effective tax rate was 29.9%.
Operating cash flow was $0.72B (down 7% year over year), 101% of net earnings. Non-cash charges added back $0.23B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.24B left free cash flow of $0.48B.
Questions
What was Kraft Heinz's revenue in the first quarter 2025?
Kraft Heinz (KHC) reported revenue of $6.0B for the first quarter 2025 (Q1 2025), -6% from a year earlier and -9% from the quarter before.
Was Kraft Heinz profitable in the first quarter 2025?
Operating profit was $1.2B (19.9% of revenue) and net earnings $714M.
Source: Kraft Heinz 10-Q on SEC EDGAR.