The company said it divided its International segment into three operating segments — International Developed Markets, WEEM and AEM — in Q1 2024. North America and International Developed Markets are reportable segments, and WEEM and AEM are combined and reported as Emerging Markets.

1. 01

   The company said it divided its International segment into three operating segments — International Developed Markets, WEEM and AEM — in Q1 2024. North America and International Developed Markets are reportable segments, and WEEM and AEM are combined and reported as Emerging Markets.

2. 02

   Kraft Heinz said it changed the primary measure of segment profitability from Segment Adjusted EBITDA to Segment Adjusted Operating Income in Q1 2024. The company said it expects the change to help it evaluate segment performance in line with its long-term strategic plan.

3. 03

   The company reported Segment Adjusted Operating Income for the full year 2023 of $5,050 million for North America, $522 million for International Developed Markets and $376 million for Emerging Markets. Net sales for the same period were $20,126 million, $3,623 million and $2,891 million, respectively.

4. 04

   The company reported Adjusted Operating Income of $5,297 million for the year 2023, adjusted from operating income of $4,572 million to exclude impairment losses of $662 million and other items. For the same measure, the full-year 2022 amount was $4,989 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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