USA: Kraft Foods reaffirms earnings expectations for 2002
Betsy Holden and Roger Deromedi, Co-CEOs of branded food giant Kraft Foods, revealed yesterday [Thursday] that the company's performance continues to be strong, and that Kraft is on target to achieve its earnings projections for the year. Holden and Deromedi spoke at the annual Consumer Analyst Group of New York (CAGNY) Conference, held in Scottsdale, AZ. They reaffirmed that Kraft continues to project strong performance in 2002, with worldwide volume up 3% to 4% and diluted earnings per share up 14% to 16% to a range of US$2 to US$2.05. Risks to this projection do however include the impact of currency and economic weakness in certain international markets.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Analysis: Chocolate sector's deforestation pledge
- Comment: Meal kits in US - don't believe the hype
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Brazil seeks to cool concerns over meat probe
- US meal delivery service Blue Apron buys BN Ranch