Kraft Heinz Co. said in its first-quarter earnings reports on Tuesday that its net sales fell 6.4% compared to the same quarter of the year prior, to land at $6 billion. Operating income stood at $1.2 billion in the reported period, falling 8.1% from the corresponding quarter of 2024 while diluted earnings per share (EPS) plunged 10.6% to $0.59.
The company's 2025 guidance envisages organic net sales decreasing from 1.5% to 3.5% compared to the year prior.
"In today’s uncertain times, we are committed to controlling the controllables and making the necessary investments to deliver quality, taste, and value to our consumers through our beloved brands," CEO Carlos Abrams-Rivera said.
The company's stock slid 0.94% in premarket hours after the report's release to sell for $28.81 apiece at 7:02 am ET.
