Kraft Grows Volume, Revenues, Profit In Q1
May 6, 2013
Northfield, IL —Â Kraft Foods Group, Inc.’s 2013 first quarter net revenues grew 2.1 percent from the same quarter in the previous year to $4.5 billion, a result of a 2.4-point increase in volume, Kraft reports. Operating income increased 9.2 percent throughout the year to $809 million, reflecting gains in productivity, overhead cost savings, improved product mix and volume growth.
The company&rsquos grocery business, however, saw a 3.2 percent drop in operating income to $328 million, results of investments in marketing, lower volumes and higher restructuring program costs, according to the quarterly report.
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