Filing Flows › Kraft Heinz (KHC) › Q2 2025
Kraft Heinz (KHC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Kraft Heinz (KHC) reported revenue of $6.4B for the second quarter 2025 (Q2 2025), -2% from a year earlier and +6% from the quarter before. Operating margin was -125.5%, net loss $7.8B (123.2% of revenue).
Kraft Heinz, Q2 2025: revenue $6.4B (-2% year over year), operating margin -125.5%, net loss $7.8B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.4B | +6% | -2% |
| Operating profit | −$8.0B | -767% | — |
| Net earnings | −$7.8B | -1196% | — |
| Operating cash flow | $1.2B | +68% | +28% |
| Free cash flow | $1.0B | +112% | +47% |
What changed
Revenue was $6.4B in Q2 2025, down 2% year over year and up 6% from the previous quarter. North America was the largest line at 75% of revenue. North America lost $0.16B year over year (down 3%), 132% of the total change.
Gross margin was 34.4%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $8.0B, an operating margin of -125.5%. Operating expenses grew 473% against a revenue fall of 2%. The quarter ended with a net loss of $7.8B, after a profit of $0.71B the previous quarter.
Operating cash flow was $1.2B (up 28% year over year). Non-cash charges added back $0.24B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $8.8B. Capital expenditures of $0.19B left free cash flow of $1.0B.
Questions
What was Kraft Heinz's revenue in the second quarter 2025?
Kraft Heinz (KHC) reported revenue of $6.4B for the second quarter 2025 (Q2 2025), -2% from a year earlier and +6% from the quarter before.
Was Kraft Heinz profitable in the second quarter 2025?
Operating loss was $8.0B (-125.5% of revenue) and net loss $7.8B.
Source: Kraft Heinz 10-Q on SEC EDGAR.