ADVFN - Advanced Financial Network.
HOME» NYSE » K » KFT Stock Price » KFT Stock News

Kraft Share News

 Kraft Foods, Inc. Stock Price
KFT Stock Price
 Kraft Foods, Inc. Stock Chart
KFT Stock Chart
 Kraft Foods, Inc. Stock News
KFT Stock News
 Kraft Foods, Inc. Company Information
KFT Company Information
 Kraft Foods, Inc. Stock Trades
KFT Stock Trades

Kraft 4Q Net Rose 54% On Higher Prices; Costs Hurt Margins

DOW JONES NEWSWIRES Kraft Foods Inc.'s (KFT) fourth-quarter earnings rose 54% as higher prices continued to boost the packaged-food giant's revenue, though increased costs hurt margins. The maker of Kraft cheese, Oscar Mayer lunch meats and Planters nuts has been able to pass along price increases relatively well as its profits have grown in recent quarters, despite rising commodity costs. The company said last month it will cut about 1,600 positions in North America throughout 2012 as it prepares to split itself into two companies: a global snack company and a North American grocery business. Kraft reported a profit of $830 million, or 47 cents a share, up from $540 million, or 31 cents, a year earlier. Excluding acquisition, integration, divestitures and other items, earnings were 57 cents in the most-recent quarter. Revenue jumped 6.6% to $14.69 billion and organic revenue grew 6.1%. Analysts polled by Thomson Reuters had most recently forecast earnings of 57 cents on revenue of $14.79 billion. Gross margin fell to 33.3% from 34.8% as input costs jumped 9.1%. Operating profit at Kraft's North American business was up 8.9% as organic revenue rose 7%. European operating profit increased 7.5%, while organic revenue grew 3.1%. Kraft also forecast 2012 organic revenue growth of about 5%, including a negative impact of up to one percentage point from product pruning in North America. Shares closed Friday at $38.01 and were inactive premarket. The stock has risen 1.7% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Kraft (KFT)
DateTimeHeadline
06/18/201213:40:20Kraft Offers to Exchange Up to $3.6 Billion in Debt
06/12/201208:24:25DE Master Blenders Seeks to Become No 2 Maker of Coffee, Tea
06/08/201210:50:11Kraft Foods Will Transfer Listing to Nasdaq
06/08/201210:05:20Kraft Foods Will Transfer its Exchange Listing to Nasdaq
05/31/201216:56:10Corporate Bond Volume Tops May Forecasts Despite Volatility
05/30/201214:55:46Kraft Issuing $6 Billion Of Bonds As Treasurys Rally
05/18/201216:04:39Kraft Lowers Prices On Maxwell House, Other Coffee Brands -Reuters
05/18/201210:05:31Kraft: IRS Confirms Tax-Free Status Of Spinoff
05/15/201218:54:34Ackman's Pershing Square Slashes Kraft Stake By Nearly 27%
05/15/201217:58:10Buffett's Berkshire Shows New Stakes In General Motors, Viacom
05/04/201214:47:10US Stocks Tumble After Jobs Report; Nasdaq Faces Year's Biggest...
05/03/201216:55:15Kraft 1Q Profit Up 1.8% As Revenue Strengthens, Margins Weaken
05/03/201212:24:36Ackman's Pershing Square Funds Gain 1% In April
04/17/201215:44:24Demand Rises For Rainforest Alliance Coffee And Other Crops
04/13/201202:29:48European 1Q Cocoa Grindings Fall 0.1% On Year - ECA
04/12/201215:38:38Kraft Ends Athenos Greek-Yogurt Line, Exits Fast-Growing Space
04/10/201214:12:10EARNINGS PREVIEW: Consumer-Product Cos Take Steps To Defend Market...
04/06/201217:56:10Kraft Recalls Batch Of Planters Peanut Snacks
04/03/201215:46:12Kraft Lifts The Lid On Its Grocery Business
04/03/201210:07:22Kraft CEO's Total 2011 Compensation Up 13.5% To $21.9 Million

Kraft Foods and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad