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Kraft Grows Volume, Revenues, Profit In Q1

May 6, 2013
by candyandsnacktoday

Northfield, IL —¬†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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