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Kraft boosts profits 5% in Q2, reaffirms outlook
date:Aug 04, 2012
Net revenue fell 4.3% in the quarter to $13.3bn, while higher pricing that took effect in Q2 helped boost profit to $1.03bn, up from $976m in the prior year period.

Our second quarter and first half results reflect the success of our brand-building investments over the past few years and the resilience of our businesses,saidchairman and CEO Irene Rosenfeld.

Krafts revenues were hit by a stronger US dollar taking its toll on earnings from overseas markets, and the timing of Easter in the firs

12/21 19:43