Consumer Staples
Packaged Foods
$35.48B
34K
Key insights and themes extracted from this filing
Net sales increased 2% to $5,240.1 million, but organic net sales only increased 1%. This indicates that most of the growth came from price increases rather than increased volume.
Operating profit increased 33% to $1,077.9 million, primarily due to a goodwill impairment charge recorded in fiscal 2024 and lower restructuring charges. This makes year-over-year comparisons difficult.
Diluted earnings per share increased 39% to $1.42, reflecting the improved operating profit. However, adjusted diluted earnings per share only increased 12% on a constant-currency basis, indicating that a large portion of the increase was due to currency effects.