date:Feb 14, 2014
Kraft Foods Group Inc on Thursday reported a higher quarterly profit on lower costs and a large accounting gain related to retiree benefits.
Kraft, whose stable of famous food brands includes Velveeta cheese, Jell-O desserts and Maxwell House coffee, said it expected a slow start to the year in part due to the weak U.S. job market and the recent reduction in federal food stamp benefits.
The Northfield, Illinois-based company said fourth-quarter net earnings rose to $931 million, or $1.54 per s