Consumer Staples
Packaged Foods
$36.64B
36K
Key insights and themes extracted from this filing
Net sales decreased to $5.999 billion for the three months ended March 29, 2025, compared to $6.411 billion for the three months ended March 30, 2024. This includes unfavorable impacts from foreign currency and acquisitions/divestitures.
Organic Net Sales decreased 4.7%, primarily due to unfavorable volume/mix (5.6 pp), which more than offset higher pricing (0.9 pp). This indicates challenges in product demand and consumer preferences.
Net income decreased to $714 million for the three months ended March 29, 2025, compared to $804 million for the three months ended March 30, 2024. This was due to unfavorable changes in operating income/(loss) factors and higher income tax expense.