Kraft Q1 profit rises
Kraft Foods Inc posted a higher quarterly profit, helped by sales and income from newly acquired chocolate maker Cadbury Plc.
The largest North American food maker also said it expected full-year earnings of $2 a share before one-time items.
Kraft, which makes brands ranging from Oreo cookies to Oscar Mayer lunch meat, said profit before items was 49 cents a share in the first quarter, up 19.5 percent from a year earlier.
Earlier this year, Kraft bought Cadbury for $18.4 billion after a hostile takeover battle. In March, Kraft completed the $3.7 billion sale of its pizza business to Nestle .
(Reporting by Brad Dorfman; Editing by Steve Orlofsky)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick