date:Jul 31, 2014
Kraft Foods Group Inc said on Wednesday that its second-quarter revenue barely rose as price increases it implemented to cover rising commodity costs hurt consumer demand.
Revenue rose 0.7 percent to $4.7 billion, helped by the Easter holiday which fell within the second quarter this year. Excluding the impact from Easter, Kraft, whose brands include Jell-O and Maxwell House coffee, said sales volumes of products like cheeses and cold cuts were hurt by the price hikes, which the company imposed