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SUPPLEMENTAL HISTORICAL SEGMENT FINANCIAL INFORMATION AND SUPPLEMENTAL NON-GAAP FINANCIAL INFORMATION
Table of Contents
Page No.
Unless the context otherwise requires, the terms “we,” “us,” “our,” “Kraft Heinz,” and the “Company” each refer to The Kraft Heinz Company and all of its consolidated subsidiaries. Unless the context otherwise requires, references to years and quarters contained herein pertain to our fiscal years and fiscal quarters.
Forward-Looking Statements
This supplemental information contains a number of forward-looking statements. Words such as “believe,” “evaluate,” “expect,” “grow,” “plan,” “reflect,” “will,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our plans, impacts of accounting standards and guidance, growth, legal matters, taxes, costs and cost savings, impairments, and dividends. These forward-looking statements reflect management’s current expectations and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control.
Important factors that may affect our business and operations and that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, operating in a highly competitive industry; our ability to correctly predict, identify, and interpret changes in consumer preferences and demand, to offer new products to meet those changes, and to respond to competitive innovation; changes in the retail landscape or the loss of key retail customers; changes in our relationships with significant customers or suppliers, or in other business relationships; our ability to maintain, extend, and expand our reputation and brand image; our ability to leverage our brand value to compete against private label products; our ability to drive revenue growth in our key product categories or platforms, increase our market share, or add products that are in faster-growing and more profitable categories; product recalls or other product liability claims; weather or environmental conditions and trends, including the impacts from and responses to climate change; our ability to identify, complete, or realize the benefits from strategic acquisitions, divestitures, alliances, joint ventures, or investments; our ability to successfully execute our strategic initiatives; the impacts of our international operations; our ability to protect intellectual property rights; our ability to realize the anticipated benefits from prior or future streamlining actions to reduce fixed costs, simplify or improve processes, and improve our competitiveness; the influence of our largest stockholder; our level of indebtedness, as well as our ability to comply with covenants under our debt instruments; additional impairments of the carrying amounts of goodwill or other indefinite-lived intangible assets; foreign exchange rate fluctuations; volatility in commodity, energy, and other input costs; volatility in the market value of all or a portion of the commodity derivatives we use; compliance with laws and regulations and related legal claims or regulatory enforcement actions; failure to maintain an effective system of internal controls; a downgrade in our credit rating; the impact of sales of our common stock in the public market; the impact of our share repurchases or any change in our share repurchase activity; our ability to continue to pay a regular dividend and the amounts of any such dividends; disruptions in the global economy caused by geopolitical conflicts (including the ongoing conflicts in the Middle East), unanticipated business disruptions and natural events in the locations in which we or our customers, suppliers, distributors, or regulators operate; economic and political conditions in the United States and various other nations where we do business (including inflationary pressures, the imposition of increased or new tariffs or other trade restrictions, instability in financial institutions, general economic slowdown, recession, or a potential U.S. federal government shutdown); changes in our management team or other key personnel and our ability to hire or retain key personnel or a highly skilled and diverse global workforce; our dependence on information technology and systems, including service interruptions, misappropriation of data, or breaches of security; increased pension, labor, and people-related expenses; changes in tax laws and interpretations and the final determination of tax audits, including transfer pricing matters, and any related litigation; volatility of capital markets and other macroeconomic factors; and other factors. For additional information on these and other factors that could affect our forward-looking statements, see Item 1A, Risk Factors, in our Annual Report on Form 10-K for the year ended December 27, 2025. We disclaim and do not undertake any obligation to update, revise, or withdraw any forward-looking statement in this supplemental information, except as required by applicable law or regulation.
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Introduction
Background:
In the third quarter of 2026, we reorganized our segments. For informational purposes only, we have provided this supplemental information to present the effects of these changes to certain previously disclosed financial information, including certain unaudited information related to our results of operations by segment and non-GAAP financial measures for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, as well as each of the quarters ended June 27, 2026, March 28, 2026, December 27, 2025, September 27, 2025, June 28, 2025, March 29, 2025, December 28, 2024, September 28, 2024, June 29, 2024, and March 30, 2024. These changes had no impact on our condensed consolidated financial statements for any of the periods presented in our Quarterly Reports on Form 10-Q or our consolidated financial statements for any of the periods presented in our Annual Report on Form 10-K for the year ended December 27, 2025 filed on February 12, 2026 (“2025 Form 10-K”).
The following unaudited financial information is based on our historical financial statements after giving effect to the segment reorganization in the third quarter of 2026. You should read this supplemental information together with our audited consolidated financial statements and related Notes to Consolidated Financial Statements in our 2025 Form 10-K. The financial information contained in this supplemental information is not indicative of future or annual results.
Change in Segments:
Prior to the reorganization of our segments in the third quarter of 2026, we managed and reported our operating results through two reportable segments defined by geographic region: North America and Europe and Pacific Developed Markets (“EPDM” or International Developed Markets). Our remaining operating segments, consisting of West and East Emerging Markets (“WEEM”) and Asia Emerging Markets (“AEM”), were combined and disclosed as Emerging Markets.
In the third quarter of 2026, our internal reporting and reportable segments changed. We combined our WEEM and AEM segments to form the Emerging Markets operating segment in order to increase efficiencies and drive sustainable growth across our global business. In conjunction with the creation of the Emerging Markets operating segment, we moved certain European countries within the former WEEM operating segment into the Europe and Pacific Developed Markets operating segment.
Subsequent to the reorganization, we manage our operating results through three operating segments, all of which are reportable segments: North America, Europe and Pacific Developed Markets, and Emerging Markets.
Results of Operations by Segment
In this supplemental information, in addition to results prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), we disclose certain non-GAAP financial measures. These non-GAAP financial measures assist management in comparing our performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect our underlying operations. See the Non-GAAP Financial Measures section for additional information and reconciliations from GAAP financial measures.
Management evaluates segment performance based on several factors, including net sales, Organic Net Sales, and Segment Adjusted Operating Income. Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for additional information. Segment Adjusted Operating Income is defined as operating income/(loss) excluding, when they occur, the impacts of restructuring activities, deal costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, separation costs, and certain non-ordinary course legal and regulatory matters. Segment Adjusted Operating Income is a financial measure that can assist management and investors in comparing our performance on a consistent basis by removing the impact of certain items that management believes do not directly reflect our underlying operations. Management also uses Segment Adjusted Operating Income to allocate resources.

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2025 Compared to 20242024 Compared to 2023
For the Year Ended
December 27, 2025December 28, 2024December 28, 2024December 30, 2023
(in millions)
North America
Net sales$18,586 $19,543 $19,543 $20,126 
Organic Net Sales(a)
18,621 19,543 19,570 20,126 
Segment Adjusted Operating Income4,389 5,111 5,111 5,050 
Europe and Pacific Developed Markets
Net sales3,817 3,809 3,809 3,880 
Organic Net Sales(a)
3,730 3,809 3,786 3,880 
Segment Adjusted Operating Income599 597 597 571 
Emerging Markets
Net sales2,539 2,494 2,494 2,634 
Organic Net Sales(a)
2,538 2,404 2,593 2,490 
Segment Adjusted Operating Income285 261 261 327 
(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.

2026 Compared to 2025
For the Three Months Ended
June 27, 2026June 28, 2025March 28, 2026March 29, 2025
(in millions)
North America
Net sales$4,626 $4,757 $4,458 $4,488 
Organic Net Sales(a)
4,626 4,757 4,438 4,488 
Segment Adjusted Operating Income988 1,173 974 1,101 
Europe and Pacific Developed Markets
Net sales935 967 912 882 
Organic Net Sales(a)
914 922 841 845 
Segment Adjusted Operating Income137 150 147 142 
Emerging Markets
Net sales701 628 677 629 
Organic Net Sales(a)
667 608 640 611 
Segment Adjusted Operating Income94 86 81 84 
(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.
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2025 Compared to 2024
For the Three Months Ended
December 27, 2025December 28, 2024September 27, 2025September 28, 2024
(in millions)
North America
Net sales$4,700 $4,968 $4,641 $4,826 
Organic Net Sales(a)
4,700 4,968 4,645 4,826 
Segment Adjusted Operating Income1,097 1,318 1,018 1,237 
Europe and Pacific Developed Markets
Net sales1,004 982 964 949 
Organic Net Sales(a)
959 982 933 949 
Segment Adjusted Operating Income164 155 143 148 
Emerging Markets
Net sales650 626 632 608 
Organic Net Sales(a)
618 602 623 588 
Segment Adjusted Operating Income49 74 66 71 
(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.

2025 Compared to 2024
For the Three Months Ended
June 28, 2025June 29, 2024March 29, 2025March 30, 2024
(in millions)
North America
Net sales$4,757 $4,921 $4,488 $4,828 
Organic Net Sales(a)
4,761 4,921 4,515 4,828 
Segment Adjusted Operating Income1,173 1,341 1,101 1,215 
Europe and Pacific Developed Markets
Net sales967 955 882 923 
Organic Net Sales(a)
932 955 906 923 
Segment Adjusted Operating Income150 142 142 153 
Emerging Markets
Net sales628 600 629 660 
Organic Net Sales(a)
635 582 662 632 
Segment Adjusted Operating Income86 50 84 65 
(a)     Organic Net Sales is a non-GAAP financial measure. See the Non-GAAP Financial Measures section for more information.

Non-GAAP Financial Measures
The non-GAAP financial measures we provide in this supplemental information should be viewed in addition to, and not as an alternative for, results prepared in accordance with GAAP.
To supplement the GAAP financial information provided, we have presented Organic Net Sales, Adjusted Operating Income, and Constant Currency Adjusted Operating Income, which are considered non-GAAP financial measures. The non-GAAP financial measures presented may differ from similarly titled non-GAAP financial measures presented by other companies, and other companies may not define these non-GAAP financial measures in the same way. These measures are not substitutes for their comparable GAAP financial measures, such as net sales, operating income/(loss), or other measures prescribed by GAAP, and there are limitations to using non-GAAP financial measures.
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Management uses these non-GAAP financial measures to assist in comparing our performance on a consistent basis for purposes of business decision making by removing the impact of certain items that management believes do not directly reflect our underlying operations. We believe that Organic Net Sales, Adjusted Operating Income, and Constant Currency Adjusted Operating Income provide important comparability of underlying operating results, allowing investors and management to assess the Company’s operating performance on a consistent basis. Management believes that presenting our non-GAAP financial measures (i.e., Organic Net Sales, Adjusted Operating Income, and Constant Currency Adjusted Operating Income) is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items, (ii) permits investors to view performance using the same tools that management uses to budget, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating our results. We believe that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provides investors with additional understanding of the factors and trends affecting our business than could be obtained absent these disclosures.
Organic Net Sales is defined as net sales excluding, when they occur, the impact of currency, acquisitions and divestitures, and a 53rd week of shipments. We calculate the impact of currency on net sales by holding exchange rates constant at the previous year’s exchange rate, with the exception of highly inflationary subsidiaries, for which we calculate the previous year’s results using the current year’s exchange rate.
Adjusted Operating Income is defined as operating income/(loss) excluding, when they occur, the impacts of restructuring activities, deal costs, separation costs, unrealized gains/(losses) on commodity hedges (the unrealized gains and losses are recorded in general corporate expenses until realized; once realized, the gains and losses are recorded in the applicable segment’s operating results), impairment losses, and certain non-ordinary course legal and regulatory matters. We also present Adjusted Operating Income on a constant currency basis. We calculate the impact of currency on Adjusted Operating Income by holding exchange rates constant at the previous year’s exchange rate, with the exception of highly inflationary subsidiaries, for which we calculate the previous year’s results using the current year’s exchange rate.

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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Year Ended
(dollars in millions)
(Unaudited)
Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
December 27, 2025
North America$18,586 $(35)$— $18,621 
Europe and Pacific Developed Markets3,817 87 — 3,730 
Emerging Markets2,539 1 — 2,538 
Kraft Heinz$24,942 $53 $— $24,889 
December 28, 2024
North America$19,543 $— $— $19,543 
Europe and Pacific Developed Markets3,809 — — 3,809 
Emerging Markets2,494 80 10 2,404 
Kraft Heinz$25,846 $80 $10 $25,756 
Year-over-year growth rates
North America(4.9)%(0.2) pp0.0 pp(4.7)%0.3 pp(5.0) pp
Europe and Pacific Developed Markets0.2 %2.3 pp0.0 pp(2.1)%0.7 pp(2.8) pp
Emerging Markets1.8 %(3.3) pp(0.5) pp5.6 %4.6 pp1.0 pp
Kraft Heinz(3.5)%(0.1) pp0.0 pp(3.4)%0.7 pp(4.1) pp
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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Year Ended
(dollars in millions)
(Unaudited)

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
December 28, 2024
North America$19,543 $(27)$— $19,570 
Europe and Pacific Developed Markets3,809 23 — 3,786 
Emerging Markets2,494 (111)12 2,593 
Kraft Heinz$25,846 $(115)$12 $25,949 
December 30, 2023
North America$20,126 $— $— $20,126 
Europe and Pacific Developed Markets3,880 — — 3,880 
Emerging Markets2,634 77 67 2,490 
Kraft Heinz$26,640 $77 $67 $26,496 
Year-over-year growth rates
North America(2.9)%(0.1) pp0.0 pp(2.8)%1.4 pp(4.2) pp
Europe and Pacific Developed Markets(1.8)%0.6 pp0.0 pp(2.4)%0.0 pp(2.4) pp
Emerging Markets(5.3)%(7.1) pp(2.3) pp4.1 %3.9 pp0.2 pp
Kraft Heinz(3.0)%(0.7) pp(0.2) pp(2.1)%1.4 pp(3.5) pp
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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Three Months Ended
(dollars in millions)
(Unaudited)

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
June 27, 2026
North America$4,626 $— $— $4,626 
Europe and Pacific Developed Markets935 21 — 914 
Emerging Markets701 34 — 667 
Kraft Heinz$6,262 $55 $— $6,207 
June 28, 2025
North America$4,757 $— $— $4,757 
Europe and Pacific Developed Markets967 — 45 922 
Emerging Markets628 20 — 608 
Kraft Heinz$6,352 $20 $45 $6,287 
Year-over-year growth rates
North America(2.7)%0.0 pp0.0 pp(2.7)%1.1 pp(3.8) pp
Europe and Pacific Developed Markets(3.3)%2.1 pp(4.5) pp(0.9)%0.4 pp(1.3) pp
Emerging Markets11.6 %1.8 pp0.0 pp9.8 %5.3 pp4.5 pp
Kraft Heinz(1.4)%0.5 pp(0.6) pp(1.3)%1.3 pp(2.6) pp
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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Three Months Ended
(dollars in millions)
(Unaudited)

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
March 28, 2026
North America$4,458 $20 $— $4,438 
Europe and Pacific Developed Markets912 71 — 841 
Emerging Markets677 37 — 640 
Kraft Heinz$6,047 $128 $— $5,919 
March 29, 2025
North America$4,488 $— $— $4,488 
Europe and Pacific Developed Markets882 — 37 845 
Emerging Markets629 18 — 611 
Kraft Heinz$5,999 $18 $37 $5,944 
Year-over-year growth rates
North America(0.7)%0.4 pp0.0 pp(1.1)%0.4 pp(1.5) pp
Europe and Pacific Developed Markets3.3 %8.0 pp(4.3) pp(0.4)%0.1 pp(0.5) pp
Emerging Markets7.8 %3.2 pp0.0 pp4.6 %4.9 pp(0.3) pp
Kraft Heinz0.8 %1.9 pp(0.7) pp(0.4)%0.8 pp(1.2) pp
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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Three Months Ended
(dollars in millions)
(Unaudited)

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
December 27, 2025
North America$4,700 $— $— $4,700 
Europe and Pacific Developed Markets1,004 45 — 959 
Emerging Markets650 32 — 618 
Kraft Heinz$6,354 $77 $— $6,277 
December 28, 2024
North America$4,968 $— $— $4,968 
Europe and Pacific Developed Markets982 — — 982 
Emerging Markets626 24 — 602 
Kraft Heinz$6,576 $24 $— $6,552 
Year-over-year growth rates
North America(5.4)%0.0 pp0.0 pp(5.4)%0.0 pp(5.4) pp
Europe and Pacific Developed Markets2.3 %4.6 pp0.0 pp(2.3)%1.7 pp(4.0) pp
Emerging Markets3.8 %1.2 pp0.0 pp2.6 %2.5 pp0.1 pp
Kraft Heinz(3.4)%0.8 pp0.0 pp(4.2)%0.5 pp(4.7) pp
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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Three Months Ended
(dollars in millions)
(Unaudited)

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
September 27, 2025
North America$4,641 $(4)$— $4,645 
Europe and Pacific Developed Markets964 31 — 933 
Emerging Markets632 9 — 623 
Kraft Heinz$6,237 $36 $— $6,201 
September 28, 2024
North America$4,826 $— $— $4,826 
Europe and Pacific Developed Markets949 — — 949 
Emerging Markets608 20 — 588 
Kraft Heinz$6,383 $20 $— $6,363 
Year-over-year growth rates
North America(3.8)%0.0 pp0.0 pp(3.8)%0.4 pp(4.2) pp
Europe and Pacific Developed Markets1.5 %3.2 pp0.0 pp(1.7)%0.9 pp(2.6) pp
Emerging Markets4.1 %(1.9) pp0.0 pp6.0 %4.8 pp1.2 pp
Kraft Heinz(2.3)%0.2 pp0.0 pp(2.5)%1.0 pp(3.5) pp
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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Three Months Ended
(dollars in millions)
(Unaudited)

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
June 28, 2025
North America$4,757 $(4)$— $4,761 
Europe and Pacific Developed Markets967 35 — 932 
Emerging Markets628 (7)— 635 
Kraft Heinz$6,352 $24 $— $6,328 
June 29, 2024
North America$4,921 $— $— $4,921 
Europe and Pacific Developed Markets955 — — 955 
Emerging Markets600 16 2 582 
Kraft Heinz$6,476 $16 $2 $6,458 
Year-over-year growth rates
North America(3.3)%(0.1) pp0.0 pp(3.2)%0.2 pp(3.4) pp
Europe and Pacific Developed Markets1.3 %3.7 pp0.0 pp(2.4)%0.6 pp(3.0) pp
Emerging Markets4.6 %(4.1) pp(0.4) pp9.1 %6.0 pp3.1 pp
Kraft Heinz(1.9)%0.1 pp0.0 pp(2.0)%0.7 pp(2.7) pp
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The Kraft Heinz Company
Reconciliation of Net Sales to Organic Net Sales
For the Three Months Ended
(dollars in millions)
(Unaudited)

Net SalesCurrencyAcquisitions and DivestituresOrganic Net SalesPriceVolume/Mix
March 29, 2025
North America$4,488 $(27)$— $4,515 
Europe and Pacific Developed Markets882 (24)— 906 
Emerging Markets629 (33)— 662 
Kraft Heinz$5,999 $(84)$— $6,083 
March 30, 2024
North America$4,828 $— $— $4,828 
Europe and Pacific Developed Markets923 — — 923 
Emerging Markets660 20 8 632 
Kraft Heinz$6,411 $20 $8 $6,383 
Year-over-year growth rates
North America(7.0)%(0.5) pp0.0 pp(6.5)%0.6 pp(7.1) pp
Europe and Pacific Developed Markets(4.4)%(2.6) pp0.0 pp(1.8)%(0.2) pp(1.6) pp
Emerging Markets(4.7)%(8.1) pp(1.3) pp4.7 %4.9 pp(0.2) pp
Kraft Heinz(6.4)%(1.6) pp(0.1) pp(4.7)%0.9 pp(5.6) pp

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The Kraft Heinz Company
Reconciliation of Operating Income/(Loss) to Adjusted Operating Income
For the Year Ended
(dollars in millions)
(Unaudited)

December 27, 2025December 28, 2024December 30, 2023
Operating income/(loss)$(4,669)$1,683 $4,572 
Restructuring activities13 27 60 
Unrealized losses/(gains) on commodity hedges35 (19)1 
Impairment losses9,306 3,669 662 
Separation costs60 — — 
Certain non-ordinary course legal and regulatory matters— — 2 
Adjusted Operating Income$4,745 $5,360 $5,297 

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The Kraft Heinz Company
Reconciliation of Operating Income/(Loss) to Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

June 27, 2026March 28, 2026
Operating income/(loss)$(6,431)$1,145 
Restructuring activities9 22 
Unrealized losses/(gains) on commodity hedges101 (178)
Impairment losses7,352 13 
Separation costs10 56 
Adjusted Operating Income$1,041 $1,058 

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The Kraft Heinz Company
Reconciliation of Operating Income/(Loss) to Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

December 27, 2025September 27, 2025June 28, 2025March 29, 2025
Operating income/(loss)$1,084 $1,025 $(7,974)$1,196 
Restructuring activities3 6 — 4 
Unrealized losses/(gains) on commodity hedges29 23 (16)(1)
Impairment losses5 35 9,266 — 
Separation costs43 17 — — 
Adjusted Operating Income$1,164 $1,106 $1,276 $1,199 

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The Kraft Heinz Company
Reconciliation of Operating Income/(Loss) to Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

December 28, 2024September 28, 2024June 29, 2024March 30, 2024
Operating income/(loss)$(40)$(101)$522 $1,302 
Restructuring activities27 — 3 (3)
Unrealized losses/(gains) on commodity hedges11 3 1 (34)
Impairment losses1,387 1,428 854 — 
Adjusted Operating Income$1,385 $1,330 $1,380 $1,265 
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The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Year Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
December 27, 2025
North America$4,389 $(6)$4,395 
Europe and Pacific Developed Markets599 20 579 
Emerging Markets285 4 281 
General corporate expenses(528)(8)(520)
Kraft Heinz$4,745 $10 $4,735 
December 28, 2024
North America$5,111 $— $5,111 
Europe and Pacific Developed Markets597 — 597 
Emerging Markets261 19 242 
General corporate expenses(609)— (609)
Kraft Heinz$5,360 $19 $5,341 
Year-over-year growth rates
North America(14.1)%(0.1) pp(14.0)%
Europe and Pacific Developed Markets0.4 %3.4 pp(3.0)%
Emerging Markets8.9 %(6.9) pp15.8 %
General corporate expenses(13.6)%1.0 pp(14.6)%
Kraft Heinz(11.5)%(0.1) pp(11.4)%
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The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Year Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
December 28, 2024
North America$5,111 $(6)$5,117 
Europe and Pacific Developed Markets597 10 587 
Emerging Markets261 (11)272 
General corporate expenses(609)— (609)
Kraft Heinz$5,360 $(7)$5,367 
December 30, 2023
North America$5,050 $— $5,050 
Europe and Pacific Developed Markets571 — 571 
Emerging Markets327 13 314 
General corporate expenses(651)— (651)
Kraft Heinz$5,297 $13 $5,284 
Year-over-year growth rates
North America1.2 %(0.1) pp1.3 %
Europe and Pacific Developed Markets4.5 %1.8 pp2.7 %
Emerging Markets(20.0)%(7.1) pp(12.9)%
General corporate expenses(6.4)%0.1 pp(6.5)%
Kraft Heinz1.2 %(0.4) pp1.6 %

19
Pre-filing blackline 10.06.2026
The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
June 27, 2026
North America$988 $— $988 
Europe and Pacific Developed Markets137 2 135 
Emerging Markets94 4 90 
General corporate expenses(178)(2)(176)
Kraft Heinz$1,041 $4 $1,037 
June 28, 2025
North America$1,173 $— $1,173 
Europe and Pacific Developed Markets150 — 150 
Emerging Markets86 6 80 
General corporate expenses(133)— (133)
Kraft Heinz$1,276 $6 $1,270 
Year-over-year growth rates
North America(15.8)%0 pp(15.8)%
Europe and Pacific Developed Markets(8.9)%1.3 pp(10.2)%
Emerging Markets9.0 %(3.8) pp12.8 %
General corporate expenses33.5 %0.7 pp32.8 %
Kraft Heinz(18.4)%0 pp(18.4)%
20
Pre-filing blackline 10.06.2026
The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
March 28, 2026
North America$974 $4 $970 
Europe and Pacific Developed Markets147 10 137 
Emerging Markets81 4 77 
General corporate expenses(144)(5)(139)
Kraft Heinz$1,058 $13 $1,045 
March 29, 2025
North America$1,101 $— $1,101 
Europe and Pacific Developed Markets142 — 142 
Emerging Markets84 4 80 
General corporate expenses(128)— (128)
Kraft Heinz$1,199 $4 $1,195 
Year-over-year growth rates
North America(11.6)%0.3 pp(11.9)%
Europe and Pacific Developed Markets3.9 %7.2 pp(3.3)%
Emerging Markets(4.0)%(0.8) pp(3.2)%
General corporate expenses13.0 %3.9 pp9.1 %
Kraft Heinz(11.8)%0.7 pp(12.5)%
21
Pre-filing blackline 10.06.2026
The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
December 27, 2025
North America$1,097 $— $1,097 
Europe and Pacific Developed Markets164 7 157 
Emerging Markets49 4 45 
General corporate expenses(146)(4)(142)
Kraft Heinz$1,164 $7 $1,157 
December 28, 2024
North America$1,318 $— $1,318 
Europe and Pacific Developed Markets155 — 155 
Emerging Markets74 8 66 
General corporate expenses(162)— (162)
Kraft Heinz$1,385 $8 $1,377 
Year-over-year growth rates
North America(16.8)%0.0 pp(16.8)%
Europe and Pacific Developed Markets6.2 %4.9 pp1.3 %
Emerging Markets(34.5)%(3.4) pp(31.1)%
General corporate expenses(10.1)%2.1 pp(12.2)%
Kraft Heinz(15.9)%0.1 pp(16.0)%
22
Pre-filing blackline 10.06.2026
The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
September 27, 2025
North America$1,018 $(1)$1,019 
Europe and Pacific Developed Markets143 6 137 
Emerging Markets66 2 64 
General corporate expenses(121)(3)(118)
Kraft Heinz$1,106 $4 $1,102 
September 28, 2024
North America$1,237 $— $1,237 
Europe and Pacific Developed Markets148 — 148 
Emerging Markets71 4 67 
General corporate expenses(126)— (126)
Kraft Heinz$1,330 $4 $1,326 
Year-over-year growth rates
North America(17.8)%(0.1) pp(17.7)%
Europe and Pacific Developed Markets(3.4)%4.2 pp(7.6)%
Emerging Markets(7.4)%(3.4) pp(4.0)%
General corporate expenses(4.4)%2.1 pp(6.5)%
Kraft Heinz(16.9)%0.1 pp(17.0)%
23
Pre-filing blackline 10.06.2026
The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
June 28, 2025
North America$1,173 $(1)$1,174 
Europe and Pacific Developed Markets150 8 142 
Emerging Markets86 1 85 
General corporate expenses(133)(2)(131)
Kraft Heinz$1,276 $6 $1,270 
June 29, 2024
North America$1,341 $— $1,341 
Europe and Pacific Developed Markets142 — 142 
Emerging Markets50 3 47 
General corporate expenses(153)— (153)
Kraft Heinz$1,380 $3 $1,377 
Year-over-year growth rates
North America(12.5)%(0.1) pp(12.4)%
Europe and Pacific Developed Markets6.1 %5.5 pp0.6 %
Emerging Markets72.2 %(8.1) pp80.3 %
General corporate expenses(13.2)%1.2 pp(14.4)%
Kraft Heinz(7.5)%0.2 pp(7.7)%
24
Pre-filing blackline 10.06.2026
The Kraft Heinz Company
Reconciliation of Adjusted Operating Income to
Constant Currency Adjusted Operating Income
For the Three Months Ended
(dollars in millions)
(Unaudited)

Adjusted Operating IncomeCurrencyConstant Currency Adjusted Operating Income
March 29, 2025
North America$1,101 $(4)$1,105 
Europe and Pacific Developed Markets142 (2)144 
Emerging Markets84 (2)86 
General corporate expenses(128)1 (129)
Kraft Heinz$1,199 $(7)$1,206 
March 30, 2024
North America$1,215 $— $1,215 
Europe and Pacific Developed Markets153 — 153 
Emerging Markets65 4 61 
General corporate expenses(168)— (168)
Kraft Heinz$1,265 $4 $1,261 
Year-over-year growth rates
North America(9.4)%(0.4) pp(9.0)%
Europe and Pacific Developed Markets(7.3)%(1.2) pp(6.1)%
Emerging Markets27.8 %(10.6) pp38.4 %
General corporate expenses(24.0)%(0.7) pp(23.3)%
Kraft Heinz(5.2)%(0.8) pp(4.4)%
25