Traffic map
Article updated: 8/2/2013 7:18 AM

Kraft profit rises but revenue falls short

Northfield-based Kraft Foods Group Inc. says it profit rose in the second quarter but its revenue slipped on weak sales of cold cuts and salad dressings.

Northfield-based Kraft Foods Group Inc. says it profit rose in the second quarter but its revenue slipped on weak sales of cold cuts and salad dressings.

 
 1 of 1 
 
text size: AAA

Northfield-based Kraft Foods Group Inc. says it profit rose in the second quarter but its revenue slipped on weak sales of cold cuts and salad dressings.

The company, which makes Miracle Whip, Oscar Mayer and other staples found in American pantries, raised its guidance for the year, citing a one-time benefit related to its pension plans.

Advertisement

Its shares edged up 39 cents to $57.50.

For the period, the company earned $829 million, or $1.38 per share. That's compared with $603 million, or $1.02 per share, a year-ago.

Excluding the impact related to the pension plans, the company earned 76 cents per share. Wall Street was looking for 66 cents per share, excluding one-time items.

Revenue fell to $4.7 billion, short of the $4.82 billion Wall Street expected.

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Business Video
Area Business Calendar

BusinessDirectory

Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

Don't see your town listed? Visit our full directory to begin your search.

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity