Kraft Foods has today (19 January) reaffirmed its January forecast of a rise in net revenue of 4% during 2008.
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Speaking at the Consumer Analyst Group of New York (CAGNY) Conference in Florida, Kraft today (19 February) repeated guidance given when it published its annual results for 2007 at the end of January.
CFO Tim McLevish said Kraft’s operating income would grow faster than organic revenue, adding that the company would look to price increases to offset rising commodity costs.
“We will use a combination of price increases and supply chain productivity improvements to cover input cost inflation while our volume growth and product mix gains will leverage our overhead costs and increase operating margins,” McLevish said.
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