Yasmin Beswandi's questions to Kraft Heinz (KHC) leadership • Q1 2025
Question
An analyst from Bank of America asked for details on the Q2 North America organic sales outlook, seeking to quantify impacts from Easter timing, a plant closure, and lapping last year's Lunchables issues. They also questioned if North American volumes must turn positive in the second half to meet guidance.
Answer
Executive Andre Maciel explained that Q2 top line is expected to be better than Q1, with a 90-100 bps tailwind from the Easter shift. He anticipates improvements in the ACCELERATE platforms and Lunchables. Crucially, he stated that the midpoint of the company's full-year guidance does not assume that total company volume will turn positive in any quarter.