date:Feb 17, 2014
est expense that more than offset gains from operations. The higher interest expense reflected a full year of Krafts capital structure as an independent company.
Net revenues for the fiscal year were $18,218 million, down from $18,271 million.
Headwinds for the company came earlier this month through the passage of the Agricultural Act of 2014, which will reduce spending on SNAP by an estimated $8.5 billion over 10 years.
Kraft feeds Americas families, and its going to be all Americas familie