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Kraft Heinz has reported a 0.9% net sales decline in its second quarter to $6.6 billion, reflecting the impact of divestitures and currency. Meanwhile, on an organic basis, net sales for the quarter grew 10.1%, driven by price increases implemented to mitigate rising input costs. For the three months ended 25 June, operating income decreased by 56.2%. In the North America market, the owner of Philadelphia cream cheese recorded net sales of $5.04 billion, down 3.1% year-over-year. The company’s international segment grew its revenue by 7.2% to $1.52 billion. "We delivered yet another quarter of strong results as we continue to successfully navigate near-term headwinds, enabled by further advancements of our long-term strategy. Though the environment remains fluid, we are better able to anticipate dynamic conditions, adapt to this constantly changing environment and demonstrate our resiliency against new challenges," said Miguel Patricio, Kraft Heinz CEO. He continued: "We are anticipating and adapting to changing market conditions, while managing inflation through pricing realisation and gross efficiencies. I am very proud of the Kraft Heinz team because, despite all of the challenges, employees across the organisation continue to do a tremendous job." The food giant is raising its expectations for full-year organic net sales growth to a high-single-digit percentage increase, versus its previous forecast of a mid-single-digit percentage increase.