分组1 - Kraft Heinz reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.64 per share, but down from $0.78 per share a year ago [1] - The earnings surprise for the quarter was +7.81%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - Revenues for the quarter were $6.35 billion, surpassing the Zacks Consensus Estimate by 1.02%, but down from $6.48 billion year-over-year [3] 分组2 - The stock has underperformed the market, losing about 7% since the beginning of the year compared to the S&P 500's gain of 8.3% [4] - The current consensus EPS estimate for the upcoming quarter is $0.63 on revenues of $6.21 billion, and for the current fiscal year, it is $2.57 on revenues of $25.02 billion [8] - The Zacks Industry Rank for Food - Miscellaneous is in the bottom 27% of over 250 Zacks industries, indicating potential challenges for stock performance [9]

Financial Performance - Kraft Heinz's Q2 2025 organic net sales reached $6.3 billion, a decrease of 2.0% compared to the previous year[19] - Constant currency adjusted operating income was $1.3 billion, down 7.7% year-over-year[19] - Adjusted gross profit margin was 34.1%, a decrease of 140 basis points[19] - Adjusted EPS year-to-date was $0.69, down 11.5%[22] - Free cash flow year-to-date was $1.5 billion, a 29% increase[22] Segment Performance - North America organic net sales decreased by 3.2%, impacted by Easter timing (+120bps)[98] - Emerging Markets organic net sales increased by 7.6%, driven by both price and volume/mix[98] - Emerging Markets Away From Home organic net sales increased by 9.8%[65] Strategic Initiatives - The company is targeting at least 4.8% of net sales for marketing spend in 2025[105] - The company unlocked $1.7 billion in gross efficiencies towards its $2.5 billion goal by 2027[111, 114] - The company returned $1.4 billion to stockholders year-to-date[133, 135]

Exhibit 99.1 Contacts: Kraft Heinz Media Team Anne-Marie Megela (investors) media@kraftheinz.com anne-marie.megela@kraftheinz.com KRAFT HEINZ REPORTS SECOND QUARTER 2025 RESULTS; MAINTAINS FULL YEAR 2025 OUTLOOK Second Quarter Highlights PITTSBURGH & CHICAGO – July 30, 2025 – The Kraft Heinz Company (Nasdaq: KHC) ("Kraft Heinz" or the "Company") today reported financial results for the second quarter of 2025. "We are proud to play a vital role in families' lives, and our commitment to delivering superior, a ...

Core Insights - The Kraft Heinz Company (KHC) is expected to report a decline in both revenue and earnings for the second quarter of 2025, with revenue estimated at $6.3 billion, reflecting a 2.9% decrease from the previous year [1] - The earnings consensus remains at 64 cents per share, indicating an 18% decline compared to the same quarter last year [2] Factors Impacting Results - KHC is facing challenges in volume performance due to changing consumer behavior and macroeconomic pressures such as tariffs and inflation, particularly affecting the U.S. Away from Home segment [3] - A projected 3.2 percentage point year-over-year decline in volume/mix is anticipated, leading to a similar drop in organic net sales [4] - Margin pressure is also a concern, with expectations of a 190 basis point contraction in adjusted gross margin, reaching 33.6% in Q2 2025, driven by unfavorable volume/mix shifts and rising costs [5] Strategic Initiatives - The company is focusing on growth through effective pricing strategies, operational efficiencies, and innovation, with its Brand Growth System expanding in emerging markets [6] Earnings Predictions - Despite the challenges, KHC has a positive Earnings ESP of +0.31% and a Zacks Rank of 3, suggesting a potential earnings beat [7]

Core Viewpoint - The market anticipates a year-over-year decline in Kraft Heinz's earnings due to lower revenues, with a focus on how actual results compare to estimates to influence stock price [1][2]. Earnings Expectations - Kraft Heinz is expected to report quarterly earnings of $0.64 per share, reflecting an 18% decrease year-over-year, and revenues of $6.27 billion, down 3.2% from the previous year [3]. - The consensus EPS estimate has been revised down by 0.36% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.31% for Kraft Heinz, suggesting analysts have recently become more optimistic about the company's earnings prospects [12]. - The stock currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12]. Historical Performance - Kraft Heinz has consistently beaten consensus EPS estimates, achieving this in the last four quarters, with a recent surprise of +3.33% in the last reported quarter [13][14]. Industry Comparison - Mondelez, another player in the food industry, is expected to report earnings of $0.68 per share, indicating a year-over-year decline of 20.9%, with revenues projected at $8.85 billion, up 6.1% from the previous year [18]. - Mondelez also has a positive Earnings ESP of +0.27% and a Zacks Rank of 3, suggesting a likelihood of surpassing consensus EPS estimates [19].

Core Viewpoint - The Kraft Heinz Company is considering a spin-off of its grocery business while retaining its high-growth condiments and sauces segment, with the spin-off entity potentially valued at $20 billion based on favorable business prospects [2][8]. Spin-Off Details - Post-separation, the remaining company (RemainCo) will focus on faster-growing, consumer-aligned brands, including iconic products like Heinz ketchup and Grey Poupon mustard, emphasizing innovation and global market expansion [3][6]. - The spin-off entity (SpinCo) will consist of traditional packaged food brands that have seen slower growth, such as Kraft cheese and Oscar Mayer meats, aiming to stabilize these legacy brands through operational efficiencies and targeted marketing [4][6]. Historical Context - Kraft Heinz was formed in July 2015 through a merger between Kraft Foods Group and H.J. Heinz Company, but has struggled with shifting consumer preferences, leading to a strategic review aimed at unlocking shareholder value [5][9]. - The company has been divesting underperforming brands and has seen a significant decline in stock value since the merger, with a 60% drop in stock price and a loss of nearly $57 billion in market capitalization [7][9]. Financial Implications - The spin-off could unlock significant value, potentially allowing the combined entities to exceed Kraft Heinz's current market capitalization of approximately $32 billion, providing clearer visibility of each segment's performance [8][9]. Industry Context - The restructuring of Kraft Heinz mirrors broader industry trends, similar to Kellogg's recent split, which has led to significant stock gains for both resulting companies [9].

Mergers and Acquisitions (M&A) Activity - The market is beginning to see important deals, but they aren't getting enough attention from the market or the media [1] - An M&A boom is beginning, even if the deals seem doubtful or unclear [5] - Regulators are no longer blocking every M&A deal [22] - M&A deals are incredibly lucrative for the banks that orchestrate them [19] Company Specific Deals and Strategic Reviews - Kraft Heinz is reportedly breaking up, with plans to keep faster-growing brands like Heinz ketchup and Kraft mac and cheese, while separating slower-growth brands like Oscar Meyer and Velveeta [5][6] - Ferrero paid $3.1 billion for the maker of Froot Loops and Cornflakes [8] - KenView's CEO was sacked after activist pressure, and a strategic review of its brand stable is announced [12] - Beckton Dickinson is getting a 39.2% stake in the newly combined Waters [15] - Huntington Bank is buying Veritex, a Dallas-based bank, for $1.9 billion [17] Market Trends and Investor Sentiment - Individual investors have been buying stocks, seemingly unconcerned about tariffs [4] - There are two markets: big institutional ventures generally selling, and individual investors buying [4] - The market rebounded with the Dow closing up 88 points, advancing 0.14% and the NASDAQ gaining 0.27% [2][3] - There is very little organic growth in the industry, so the only way to have any growth is to buy it [13]

Core Viewpoint - Kraft Heinz Co. is reportedly considering a significant corporate restructuring, potentially splitting into two distinct entities: a grocery division and a "Taste Elevation" segment focused on sauces and spreads [1][4]. Group 1: Corporate Restructuring - The potential breakup would mark a pivotal moment for Kraft Heinz, formed by the 2015 merger of Kraft and Heinz [1][7]. - The restructuring aligns with recent strategic announcements aimed at enhancing shareholder value [1][4]. Group 2: Market Reactions - The prospect of a split has received mixed reactions, with some analysts questioning its effectiveness in addressing the company's underlying business challenges [2][6]. - Bank of America Securities analyst Peter T. Galbo maintains an Underperform rating with a $29 price forecast, citing soft fundamentals and valuing the stock at 11x estimated 2026 earnings [3][6]. Group 3: Segment Financials - The Taste Elevation segment, which includes brands like Heinz and Philadelphia, accounts for approximately 45% of trailing 12-month sales, or $11 billion, and is likely to remain with the parent company [5]. - The Grocery segment, making up the remaining 55% of sales (around $14 billion), includes brands such as Kraft, Oscar Mayer, and Lunchables, and is expected to be spun off [5]. Group 4: Analyst Insights - Galbo estimates only modest upside from a potential breakup, projecting a 6.9% increase to the $29 price forecast, and believes that a split alone will not significantly enhance shareholder value without broader operational improvements [6]. - Oscar Mayer is flagged as a strategic uncertainty, with potential sale discussions to companies like JBS or Alfa, although it may also remain within the Grocery segment to avoid de-synergies [7]. Group 5: Other Analyst Updates - Wells Fargo analyst Chris Carey has maintained an Equal-Weight rating and raised the price forecast from $27 to $29 [8]. - As of the last check, KHC shares were trading higher by 2.23% to $27.75 [8].

Core Viewpoint - Kraft Heinz is considering a spinoff of a significant portion of its grocery business due to changing consumer preferences towards healthier, less processed foods, which could create a new entity valued at up to $20 billion [1][7]. Company Strategy - The remaining Kraft Heinz entity would focus on sauces and condiments, including well-known brands like Heinz ketchup and Grey Poupon [2]. - Executives believe that separating the two units could enhance overall market value, potentially exceeding the current $31 billion market cap [3]. Financial Performance - Kraft Heinz has struggled to meet expectations since its 2015 merger, with little sales growth and declining profits, resulting in a stock price drop of over 60%, equating to a loss of approximately $57 billion in market value [11][16]. - The company reported around $28 billion in annual revenue at the time of the merger, but by 2019, it faced rising costs and a $15 billion write-down related to its Kraft and Oscar Mayer brands [8][9]. Market Response - Following news of the potential spinoff, Kraft Heinz shares surged nearly 4%, trading around $27 [2]. - The stock has experienced significant volatility, peaking near $96 in early 2017 and recently opening at $26.90, just above its 52-week low [12]. Strategic Considerations - Kraft Heinz is evaluating various strategic transactions to unlock shareholder value, with discussions ongoing but no final decisions made yet [4][14]. - The company has also been exploring the sale of underperforming brands, including Oscar Mayer and Maxwell House, but these efforts have not yet succeeded [13].

Group 1 - WK Kellogg's shares increased by 34% following the announcement of Ferrero's acquisition plan at $23 per share [1][2] - The acquisition expands Ferrero's presence in the U.S. market by adding Kellogg's cereal brands to its portfolio [3] - Current Kellogg shareholders may not see further benefits as the share price is close to the acquisition price, suggesting limited upside potential [5] Group 2 - The acquisition highlights the value of consumer staples, which are often overlooked but can provide stability in investment portfolios [6] - The food sector, including companies like Kraft Heinz, Hershey, and General Mills, remains a viable investment opportunity amidst the hype surrounding technology stocks [7]