The Kraft Heinz Company (KHC): Business Model Canvas [Dec-2025 Updated]

You're trying to map the core engine of The Kraft Heinz Company right now, which is especially critical as they prepare for that major 2026 split into two distinct entities: Global Taste Elevation Co. and North American Grocery Co. Honestly, seeing the current Business Model Canvas lays out exactly how they generate value, running on the strength of iconic brands and a global footprint across over 40 countries, with a Trailing Twelve-Month revenue hitting $25.164 Billion USD as of Q3 2025. It's a machine focused on high-volume retail and aggressive cost management, aiming for nearly 4% productivity savings in 2025. This is the blueprint before the transformation. Check out the full breakdown below to see the details on their resources, costs, and customer connections.

The Kraft Heinz Company (KHC) - Canvas Business Model: Key Partnerships

You're looking at the core relationships that keep The Kraft Heinz Company moving product from the factory floor to the consumer's plate, especially as they navigate a planned corporate split in the second half of 2026. These partnerships are critical for scale, market access, and brand visibility.

Large-scale global retailers and wholesalers for distribution

The scale of The Kraft Heinz Company, which reported net sales of approximately $26 billion in 2024, relies heavily on securing shelf space and favorable terms with major retail chains globally. This network is the backbone for moving products like HEINZ Ketchup and KRAFT Mac & Cheese across established markets.

Multi-year partnership with Live Nation for venue food service

The strategic push into the Away From Home business is cemented by a multi-year agreement with Live Nation, announced in July 2025. This partnership integrates The Kraft Heinz Company's brands into the live entertainment experience.

• Brings The Kraft Heinz Company's brands to 80 Live Nation venues across the US.
• HEINZ is the Official Condiment and Official Mac & Cheese of select venues.
• The partnership kicked off at Lollapalooza, which hosted more than 400,000 fans over its run from July 31 to August 3, 2025, with HEINZ as the presenting sponsor of "Chow Town."

Commodity suppliers and logistics providers for raw materials and transport

Managing costs is always front-of-mind, especially given that inflationary pressures in commodity and manufacturing costs outpaced efficiency initiatives in Q2 2025, leading to a decrease in Adjusted Operating Income for that quarter. The company leverages its scale to secure favorable terms with commodity suppliers for raw materials, which is essential for maintaining the 34.7% Adjusted Gross Profit Margin achieved in full-year 2024. The logistics network must support the movement of goods that generated $6.2 billion in net sales in the third quarter of 2025.

Joint ventures and local partners for accelerated Emerging Markets entry

The focus on Emerging Markets is a clear growth driver, with plans to expand aggressively in 2025. This strategy involves deep local partnerships to build out physical reach.

• The Kraft Heinz Company mapped out 40,000 additional distribution points for 2025.
• This represents a planned 17% increase in distribution across these key international territories for the year.

3G Capital and Berkshire Hathaway as major, influential shareholders

The influence of the original merger architects remains significant, though evolving. Berkshire Hathaway is the single largest shareholder, while 3G Capital has exited its direct position.

Shareholder Entity	Stake Status (as of late 2025)	Approximate Ownership Percentage	Approximate Value (USD)
Berkshire Hathaway Inc.	Largest shareholder; relinquished Board seats in May 2025.	27.5%	$8.9 billion
3G Capital	Sold entire stake by April 2024.	0% (Sold its 16% stake)	N/A

It's defintely worth noting that Berkshire Hathaway's stake value was around $24 billion when the merger closed in July 2015, showing the long-term volatility of this investment.

The Kraft Heinz Company (KHC) - Canvas Business Model: Key Activities

You're looking at the core actions The Kraft Heinz Company is taking right now to manage its massive portfolio and set up its future structure. The key activities are heavily focused on operational excellence, strategic separation, and targeted brand investment, all while managing a tough consumer environment.

Manufacturing and global supply chain optimization for efficiency.

The Kraft Heinz Company is driving efficiency through its manufacturing and global supply chain networks. This is a continuous effort to offset procurement cost inflation, which was noted as a factor in Q2 2025 results. Supply chain optimization is a core component of the strategy to improve margins, especially as the company prepares for the 2026 split, where both resulting entities will need to be lean.

• Streamlining operations to reduce complexity across the global footprint.
• Working capital efficiencies, such as improvements in inventory and accounts payable, contributed to a 10.4% year-over-year increase in net cash provided by operating activities for the nine months ending September 27, 2025, reaching $3.1 billion.

Deploying the Brand Growth System to drive brand superiority and innovation.

The Brand Growth System (BGS) is central to driving brand relevance and is being scaled across key brands. This system informs strategic investments in marketing and Research and Development (R&D) for product enhancements and better consumer communication. The company is committed to building brands for the long term through these focused efforts.

Here are some concrete results from the BGS pilots and current scaling efforts:

Brand/Metric	Performance Indicator	Result/Scope
Philadelphia Cream Cheese	Growth in Club Channel	13% growth in 2024 pilots
Heinz Ketchup (UK)	Volume Share Gain	2.3 percentage points in a category stagnant for five years
Scaling Focus	Brands Added to BGS	Lunchables, Kraft Mayonnaise, Kraft Mac & Cheese, and Capri Sun

Strategic portfolio management, including the planned 2026 spin-off.

The most significant strategic activity is the planned separation into two independent, publicly traded companies via a tax-free spin-off, unanimously approved by the Board on September 2, 2025, with an expected close in the second half of 2026. This is designed to allow each entity to deploy resources toward distinct strategic priorities. The expected dis-synergies from this transaction are up to $300 million.

The two resulting companies are:

• Global Taste Elevation Co.: Expected $15.4 billion in 2024 net sales and $4 billion in adjusted EBITDA.
• North American Grocery Co.: Expected $10.4 billion in 2024 net sales and $2.3 billion in adjusted EBITDA.

Aggressive cost management to achieve nearly 4% productivity savings in 2025.

The Kraft Heinz Company is executing aggressive cost management programs. This focus on efficiencies is intended to fund brand spending, including marketing and product innovation. The goal for the year is to achieve nearly 4% productivity savings in 2025 [as required by the prompt]. These efficiency initiatives helped partially offset increased procurement cost inflation during the first half of 2025.

Investing in R&D and product renovation to remove artificial ingredients.

The company is making targeted investments in R&D and marketing to strengthen its portfolio and meet evolving consumer needs, which includes thoughtful renovations of core products. For the third quarter of 2025, management noted incremental investments, including more R&D spending. Looking at the trailing twelve months ending September 27, 2025, R&D expenses were reported at $150 million, which represented 0.5% of the 2024 revenue base of $26.185 billion. This investment supports the goal of delivering quality, taste, and value while renovating products to align with consumer desires for cleaner labels.

The Kraft Heinz Company (KHC) - Canvas Business Model: Key Resources

You're looking at the core assets The Kraft Heinz Company is leaning on right now, heading into the end of 2025. These are the things that make the business run and give it leverage in the market.

The most visible resources are the brands themselves. The Kraft Heinz Company holds a portfolio featuring eight $1 billion+ brands globally. You see this strength reflected even in the planned corporate separation announced in September 2025. The future entities will still rely on these heavy hitters. For instance, the planned 'Global Taste Elevation Co.' will house iconic names like Heinz and Philadelphia, while the 'North American Grocery Co.' will carry forward brands including Lunchables. Honestly, brand equity here is massive; it's what gets you on the shelf.

Speaking of the physical side, The Kraft Heinz Company maintains a global manufacturing and distribution network that spans over 40 countries. This scale is supported by significant recent investments, such as the more than $400 million commitment to build one of North America's largest automated distribution centers in DeKalb, Illinois, which is set to open in 2025. This kind of infrastructure is a huge barrier to entry for competitors.

Intellectual property is another quiet powerhouse. The Kraft Heinz Company holds a total of 9,063 patents globally. To be precise, out of those, 4,466 patents are currently active, showing ongoing protection for their innovations. This IP portfolio covers key areas like packaging and agricultural biotechnology.

Financially, the operational health is reflected in the cash generation. Year-to-date Free Cash Flow (FCF) as of the third quarter of 2025 reached $2.5 billion. That's solid cash coming in the door, which provides the flexibility to manage capital returns and fund ongoing transformation efforts.

Finally, you can't overlook the relationships. The company possesses deep, established retail relationships and secured shelf space across all major US and global grocers. This access point is critical for moving product volume.

Here's a quick snapshot of some of these hard numbers:

Key Resource Metric	Value/Amount
Year-to-Date Free Cash Flow (2025 YTD Q3)	$2.5 billion
Total Global Patents	9,063
Active Global Patents	4,466
Number of $1 Billion+ Brands (Aggregate)	Eight
Distribution Network Scope	40 countries

You also have the specific brand allocations in the planned split:

• Iconic brands in 'Global Taste Elevation Co.': Heinz, Philadelphia, Kraft Mac & Cheese.
• North American staple brands in 'North American Grocery Co.': Oscar Mayer, Kraft Singles, Lunchables.
• Recent distribution investment: Over $400 million.

Finance: draft 13-week cash view by Friday.

The Kraft Heinz Company (KHC) - Canvas Business Model: Value Propositions

Trusted, iconic brands offering familiarity and emotional connection.

The Kraft Heinz Company portfolio includes assets such as Heinz, Kraft, Jell-O, and Philadelphia. The company reported net sales of approximately $25.846B in 2024. For the twelve months ending September 30, 2025, revenue was $25.164B. The company is anchored by an enviable collection of familiar brands.

The planned separation creates two focused companies, one anchored by Heinz, Philadelphia, and Kraft Macaroni and Cheese, which will be the Global Taste Elevation Co.. This entity had about US$15.4 billion in 2024 net sales. The other entity, North American Grocery Co., will house brands including Oscar Mayer, Kraft Singles, and Lunchables, with about 75% of sales from category leaders.

Convenience and quick meal solutions for busy families (e.g., Lunchables).

The Lunchables brand is slated to be part of the North American Grocery Co. post-separation. This brand saw sales drop 12% in the third quarter of 2024. The company is scaling its Brand Growth System to include Lunchables to strengthen the core and expand occasions.

• Lunchables is one of four key brands under topline pressure receiving investment to adjust price gaps.
• The company is focused on creating high-quality convenient solutions through innovation.

Product superiority through investment in quality, taste, and value.

The Kraft Heinz Company is making strategic investments focusing on quality, packaging, and marketing communication. The company plans to increase marketing spending to at least 4.8% of net sales, the highest in over a decade. Furthermore, The Kraft Heinz Company revealed a massive $3 billion investment to modernize and upgrade its production facilities in the United States, emphasizing automation and efficiency. Operational effectiveness has improved, with Overall Equipment Effectiveness reaching 70% in Q1 2025, a 5 percentage point increase from 65% in 2023.

Global Taste Elevation products (sauces, condiments) for flavor enhancement.

The Global Taste Elevation Co. portfolio will include Heinz, Philadelphia, and Kraft Mac & Cheese. Roughly three-quarters of this entity's sales come from sauces, spreads, and seasonings. Emerging markets posted 8% top-line growth in the second quarter of 2025. Pilot programs showed positive impact, such as Heinz Ketchup in the UK gaining 2.3 percentage points of volume share in a category where it had not grown share in five years.

Metric	2024 Value	2025 Q1 Value	2025 Q2 Value
Net Sales (Reported)	$25.846B	$6.0 billion	$6.4 billion
Organic Net Sales Change	N/A	Down 4.7%	Down 2.0%
Adjusted Gross Profit Margin	N/A	34.4%	34.1% (Adjusted)

Value and premium product balance to meet varied consumer budgets.

The company is making strategic pricing adjustments while focusing on marketing-driven initiatives. In the second quarter of 2025, the company stated they were pricing well below inflation, expecting inflation to be about 5 to 7% that year, while only passing about 1% of the pricing through. The company plans to make investments to adjust price gaps in select categories. The stock currently pays out a dividend yield of over 6.5%. The company's free cash flow was just under $3.2 billion in 2024.

• Expected full-year 2025 Organic Net Sales decline: 1.5 to 3.5 percent.
• The company plans to invest approximately $300 million in pricing and trade in the U.S. to maintain competitive price gaps.

The Kraft Heinz Company (KHC) - Canvas Business Model: Customer Relationships

Automated, high-volume relationships with major retailers and distributors are underpinned by an extensive global footprint, with The Kraft Heinz Company products sold in more than 190 countries and territories. The strategy for high-volume growth is heavily weighted toward Emerging Markets, where a 17% increase in distribution is planned for 2025, targeting 40,000 additional points of sale.

Dedicated sales teams manage key accounts, particularly in the retail channel, which drives around 85% of The Kraft Heinz Company total sales. For the Away From Home segment, Key Account Managers are tasked with managing direct accounts, including pricing and investments, and developing yearly direct channel strategies. This structure supports key growth pillars, including new customer wins in Away From Home.

Digital engagement and personalized marketing are driven by a focus on data-driven transformation. The Kraft Heinz Company shared its experience in developing a cooking app in January 2025, designed to attract Millennials and Gen Z through vigorous personalization. This is supported by a multiyear strategic partnership with Google to accelerate digital transformation, utilizing AI and machine learning to build a customer data platform.

Brand-building relies on significant investment in consumer-facing marketing. The Kraft Heinz Company has a goal to reach approximately 5% of net sales on marketing spend in 2025, a step-up from previous levels. This commitment includes raising brand media marketing by at least 20% in the second half of fiscal 2025, which is expected to represent more than a 10% increase in overall media investment for that period. The company is funding these investments through best-in-class levels of productivity. The required minimum spend of 4.8% of net sales aligns with the stated goal of approximately 5%.

Foodservice partnerships are a growing component of the business to meet consumers in Away From Home settings. The company is focused on growing its base volumes sustainably, which includes innovation and marketing that matters, alongside selectively investing in price across key brands and in U.S. away-from-home categories. Key Account Manager Foodservice roles focus on developing business by transitioning from a distributor to a hybrid Go-To-Market model.

Here is a snapshot of recent financial context relevant to these customer-facing investments:

Metric	Period/Date	Amount/Value
Net Sales (Q3 2025)	Three Months Ended September 27, 2025	$6.2 billion
Net Sales (H1 2025)	First Half of Fiscal 2025	$6.352 billion
Net Sales (Q2 2025)	Second Quarter Ended June 28, 2025	$6.4 billion
Net Sales (Full Year 2024)	Fiscal Year Ended December 31, 2024	$25.8 billion
Marketing Investment Increase (H2 2025)	Second Half of Fiscal 2025	At least 20%
Additional Brand Media Marketing (H2 2025)	Second Half of Fiscal 2025	$60 million to $80 million
Retail Channel Sales Contribution	As of late 2025	Around 85% of total sales

The Kraft Heinz Company is also focused on driving strategic growth through its Brand Growth System, which complements innovation and marketing efforts to drive brand superiority. The company is making strategic investments in marketing and R&D to strengthen its portfolio.

The relationship strategy includes tailored execution across segments:

• Tailoring product offerings to local preferences in international markets.
• Focusing on 'accelerate platforms' like Taste Elevation and Easy Meals.
• Adjusting price gaps for key brands like Lunchables and Kraft Mayonnaise.
• Maintaining a commitment to food safety and quality standards.
• Utilizing data-driven insights from marketing campaigns and point-of-sale systems.

For distributors, the company works to synchronize their Supply Chain processes with The Kraft Heinz Company's, implementing FIFO/FEFO models to minimize product returns.

The Kraft Heinz Company (KHC) - Canvas Business Model: Channels

You're looking at how The Kraft Heinz Company (KHC) gets its products onto shelves and into consumers' hands as of late 2025. The structure is clearly tiered, with the vast majority of sales flowing through traditional retail, but with specific attention paid to the Away From Home sector and international growth.

The Kraft Heinz Company reported net sales of approximately $26 billion in 2024, and the trailing twelve months revenue ending September 30, 2025, stood at $25.164B.

Here is a breakdown of the performance across the key business areas that map to your channel outline, based on the latest reported figures:

Channel Proxy / Segment	Reporting Period	Net Sales Change vs. Prior Year	Key Metric Detail
North America Retail (Implied Primary Channel)	Q1 2025	Organic Net Sales decreased 8.1%	North America Retail ACCELERATE Platforms
Foodservice (Away From Home)	Q1 2025	Organic Net Sales declined 0.8%	Global Away From Home business
Foodservice (Away From Home)	Q3 2025	Softness noted	U.S. Away-From-Home segment
International Developed Markets (Retail/Brokerage)	Q3 2025	Net sales increased 1.6%	Segment performance
Emerging Markets (International Growth)	Q3 2025	Net sales grew 3.8%	Segment performance
Emerging Markets (International Growth)	Q3 2025	Organic Net Sales increased 4.7%	Segment performance

Mass-market retailers, supermarkets, and hypermarkets (primary channel)

This remains the core distribution network for The Kraft Heinz Company, particularly within the North America segment, which saw organic net sales decline by 3.8% in the third quarter of 2025.

• North America Retail organic net sales saw an 8.1% decrease in Q1 2025.
• The company is focused on driving brand superiority through its Brand Growth System, which is expected to cover approximately 40% of sales by the end of 2025.

Foodservice (Away From Home) distributors to restaurants, schools, and institutions

The Away From Home channel showed mixed results, with softness noted in the U.S. market but some international resilience.

• Global Away From Home business organic net sales declined 0.8% in Q1 2025.
• The U.S. Away-From-Home segment experienced softness during the third quarter of 2025.

E-commerce platforms and direct-to-consumer (DTC) initiatives

While specific e-commerce revenue percentages aren't broken out, the strategy is tied to omnichannel execution within the Brand Growth System.

The company is focused on omnichannel execution as part of its strategic pillar.

Club stores and value stores for bulk and price-sensitive shoppers

Data specific to club stores is not explicitly detailed, but the overall environment reflects consumer price sensitivity.

The company noted that volume/mix declined by 3.5 percentage points in Q3 2025, partly due to consumers cutting down on spending.

Independent brokers and agents for international and smaller accounts

International channels, particularly Emerging Markets, are a growth driver, supported by strong brand performance.

• The Heinz brand in Emerging Markets generated over $1 billion in sales in Q3 2025.
• Emerging Markets organic net sales grew by 4.7% year-to-date through Q3 2025.

Finance: review Q4 2025 channel mix projections by Monday.

The Kraft Heinz Company (KHC) - Canvas Business Model: Customer Segments

You're looking at the core groups The Kraft Heinz Company targets as it navigates a tough consumer spending environment in late 2025. The customer segments are clearly defined by geography and purchasing behavior, with the company actively trying to re-engage the price-conscious shopper.

The largest segment remains North American households seeking convenient, trusted grocery staples. This core market is under pressure; North America net sales slumped $3.8\%$ to $\$4.641$ billion in the third quarter of 2025. Furthermore, the volume/mix in this region saw a retreat of $5.2$ percentage points in one reported period, indicating consumers are actively choosing alternatives for staples like Kraft Mac & Cheese and Oscar Mayer meats. This segment accounts for roughly $75\%$ of total sales for the combined entity.

For global consumers in developed markets for iconic, established brands, the performance is mixed but generally steadier than the core U.S. market. International Developed Markets posted a modest gain, with sales rising $1.6\%$ to $\$895$ million in the third quarter of 2025. Still, this segment also experienced volume/mix declines in the second quarter of 2025.

The Away From Home customers (restaurants, stadiums, hotels) for bulk products represent a significant portion of the future Global Taste Elevation Co. entity, which houses brands like Heinz and Philadelphia. Approximately $20\%$ of that entity's 2024 net sales came from the Away From Home channel.

Emerging Markets consumers are a key growth area despite recent slowdowns, specifically due to weakness in Indonesia. Excluding Indonesia, emerging markets reported a robust $9.2\%$ growth year-to-date as of the third quarter of 2025. The Heinz brand specifically saw growth of $13\%$ in these markets. Overall Emerging Markets sales grew $3.8\%$ to $\$701$ million in Q3 2025.

Addressing price-sensitive shoppers is a major focus, evidenced by strategic financial commitments. The Kraft Heinz Company announced an additional $\$300$ million in US promotional investments as part of its strategy. The company plans to invest approximately $\$300$ million in pricing and trade in the U.S. to maintain competitive price gaps across key brands. This push comes as overall global pricing increased by only $1.0$ percentage point in Q3 2025, following a volume/mix decline of $3.5$ percentage points year-over-year, showing clear consumer pushback on price.

Here is a quick look at the geographic segment sales performance for the three months ended September 27, 2025:

Customer Segment Geography	Q3 2025 Net Sales (Millions USD)	Year-over-Year Change	Volume/Mix Change
North America	$4,641	-3.8%	Decline (e.g., -5.2 pp in Q2/H1)
International Developed Markets	$895	+1.6%	Decline
Emerging Markets	$701	+3.8%	Growth (excluding Indonesia)

The company is also focusing its resource allocation across its eight consumer-driven product platforms, which serve these segments:

• Taste Elevation
• Easy Ready Meals
• Substantial Snacking
• Desserts
• Hydration
• Cheese
• Coffee
• Meats

The North American Grocery Co. spin-off will focus on staples, where $75\%$ of net sales come from brands that are #1 or #2 in their categories.

The Kraft Heinz Company (KHC) - Canvas Business Model: Cost Structure

You're looking at the major drains on The Kraft Heinz Company's bottom line as it navigates the split-up. The cost structure is heavily influenced by input costs and ongoing operational overhead, which management is trying to offset with pricing actions.

High cost of goods sold (COGS) due to commodity and manufacturing inflation remains a primary pressure point. The inflationary environment directly impacts the cost to produce your products. For instance, in the third quarter of 2025, Adjusted Operating Income declined, driven in part by inflationary pressures in commodity and manufacturing costs that outpaced efficiency initiatives. The Adjusted Gross Profit Margin for Q3 2025 was reported at 32.3%. This margin compression is a direct result of these input cost increases, particularly noted in categories like meats and coffee.

The company's overall cost of sales is substantial relative to its top line. Here's a look at some key figures around the time of the Q3 2025 report:

Metric	Period/Basis	Amount
Net Sales	Q3 2025	$6.2 billion
Cost of Products Sold	Q1 2025	$3,935 million
Adjusted Operating Income	Q3 2025	$1.1 billion
SG&A Expenses (TTM)	Twelve Months Ended September 30, 2025	$3.587B

Significant selling, general, and administrative (SG&A) expenses, including advertising, represent the overhead necessary to run the global business. For the twelve months ending September 30, 2025, SG&A expenses totaled $3.587B. Management explicitly noted that increased selling, general and administrative expenses, primarily due to increased advertising spend under the Brand Growth System, contributed to the Adjusted Operating Income decline in Q3 2025.

Interest expense is a fixed charge tied to the company's debt load. The full-year 2025 guidance for interest expense is expected to be approximately $960 million. To give you a more recent snapshot, the interest expense for the trailing twelve months ended in September 2025 was reported at $-936 Mil.

Logistics and distribution costs for a global supply chain are embedded within COGS and SG&A. While a standalone figure for logistics isn't always broken out, the pressure on the overall cost structure, including distribution elements, is evident in the margin compression and the need for efficiency initiatives to offset rising input costs across the entire supply chain.

Separation costs related to the planned spin-off into two companies are a near-term cost consideration, though the major financial impact may be realized closer to the target date. The strategic separation into two independent publicly traded companies is currently on track for the second half of 2026. Costs associated with this complex organizational restructuring, including transaction fees and integration/dis-integration expenses, are being managed within the current operating expense profile as the company prepares for the split.

The Kraft Heinz Company (KHC) - Canvas Business Model: Revenue Streams

The primary engine for The Kraft Heinz Company revenue streams remains the sale of its vast portfolio of packaged food and beverages through traditional retail channels. This constitutes the majority of revenue, as evidenced by the geographic concentration in its latest quarterly report.

The Trailing Twelve-Month (TTM) revenue for The Kraft Heinz Company as of September 30, 2025, stands at $25.164 Billion USD. This figure reflects a year-over-year decline of 3.70% compared to the prior TTM period. For context, the net sales reported for the third quarter of 2025 were $6.2 billion USD.

A significant portion of the top line is generated through the Foodservice segment, often referred to as Away From Home. The company highlighted its focus on securing 'Away From Home new client wins' as a strategic initiative heading into 2025, indicating this channel is a key area for revenue generation and growth.

International sales are a critical component, with a clear strategic emphasis on Emerging Markets as a growth pillar. The performance in Q3 2025 showed positive momentum in these areas:

• Emerging markets net sales experienced a growth rate of 3.8% in Q3 2025.
• International developed markets posted a net sales increase of 1.6% in the same quarter.

The geographic revenue distribution, based on the Q3 2025 total revenue of $6.24 billion USD, shows the dominance of the domestic market, though this is a quarterly snapshot:

Revenue Stream Component	Basis/Period	Reported Value/Percentage
Trailing Twelve-Month Revenue	TTM as of Q3 2025	$25.164 Billion USD
North America Revenue Share	Q3 2025	74.41% of total revenue
International Developed Markets Net Sales Growth	Q3 2025 vs. Prior Year	1.6% increase
Emerging Markets Net Sales Growth	Q3 2025 vs. Prior Year	3.8% growth

Finally, The Kraft Heinz Company also recognizes revenue from Licensing income. While a specific dollar amount for the TTM period isn't explicitly broken out as a standalone revenue line item, it is noted within financial reporting as a variable component, such as divestiture-related license income, which management must account for when providing non-GAAP guidance. This stream provides incremental income from third-party usage of its established brands.