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Kraft’s costs related to spin-off come in low
date:Feb 17, 2014
Restructuring costs related to its spin-off were lower than expected for Kraft Foods Group, Inc. as the Northfield-based company reported net earnings growth of 65% in the fiscal year ended Dec. 28, 2013. This year, reductions in the governments Supplemental Nutrition Assistance Program potentially may cut into earnings.

The upside versus our guidance was primarily driven by two factors lower-than-expected spending on restructuring and a lower-than-expected tax rate, said Teri List-Stoll, chie

12/24 11:06