The maker of the macaroni and cheese product said it earned $754 million in the quarter. Kraft said its investment in key brands paid off as products such as Ritz and Capri Sun sold well.
(M. Spencer Greene/Associated Press/File 2009)
MARKET MOVERS
Kraft revenue up but net sinks 8 percent
The maker of the macaroni and cheese product said it earned $754 million in the quarter. Kraft said its investment in key brands paid off as products such as Ritz and Capri Sun sold well.
(M. Spencer Greene/Associated Press/File 2009)
Price increases and Kraft Foods Inc.’s recent acquisition of Cadbury PLC drove its revenue up 26 percent to $11.9 billion in the third quarter, but the company said net income fell more than 8 percent as it spent more to promote its brands. Kraft joins rivals such as General Mills , Sara Lee , and Kellogg in adjusting their prices ... (Full article: 74 words)
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