Key Developments: Kraft Foods Group Inc (KRFT.OQ)
57.14USD
1 Aug 2013
$0.56 (+0.99%)
$56.58
$56.89
$57.44
$56.79
667,936
983,225
$58.76
$42.29
Latest Key Developments (Source: Significant Developments)
Kraft Foods Group Inc Raises FY 2013 EPS Guidance
Kraft Foods Group Inc announced that it is updated its guidance for fiscal 2013, including organic net revenue growth expected to be in line with or slightly lower than the growth of the North American food and beverage marketand EPS of approximately $3.40, versus approximately $2.75 previously. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.78 for fiscal 2013. Full Article
Kraft Foods Group Inc Announces Creation Of Two New Business Units
Kraft Foods Group Inc announced plans to create two new, standalone business units: Meals and Desserts, and Enhancers and Snack Nuts. With the creation of these new business units, the Company will be able to place even greater focus on brand-building while reducing the complexity of managing a portfolio with many distinct brands and product categories. The new business structures and leadership appointments are effective July 1, 2013. The business units will include many of Kraft's brands: Meals and Desserts -- Cool Whip whipped topping, Jet-Puffed marshmallows, JELL-O dry packaged and ready-to-eat desserts, Kraft Mac & Cheese dinner, Shake 'N Bake coatings, Stove Top stuffing mix and Velveeta dinners and meal kits; Enhancers and Snack Nuts --A.1. steak sauce, Grey Poupon premium mustards, Kraft and Bulls-Eye barbecue sauces, Kraft and Good Seasons dressings, Kraft and Miracle Whip spoonable dressings and Planters nuts, trail mixes and peanut butters. Full Article
Kraft Foods Group Inc Declares Regular Quarterly Dividend Of $0.50 Per Share
Kraft Foods Group Inc announced that Board of Directors has declared a regular quarterly dividend of $0.50 per share of common stock. This dividend is payable on July 12, 2013 to shareholders of record as of June 28, 2013. Full Article
Kraft Foods Group Inc Reaffirms FY 2013 EPS Guidance
Kraft Foods Group Inc announced that for fiscal 2013, it anticipate EPS of approximately $2.75, According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.78 for fiscal 2013. Full Article
Kraft Foods Group Inc Declares Regular Quarterly Dividend Of $0.50 Per Share
Kraft Foods Group Inc announced that its Board of Directors has declared a regular quarterly dividend of $0.50 per share of common stock. This dividend is payable on April 12, 2013 to shareholders of record as of March 29, 2013. Full Article
Kraft Foods Group Inc Raises FY 2013 EPS Guidance; Comments On FY 2013 Revenue Guidance-Conference Call
Kraft Foods Group Inc announced that for fiscal 2013, it anticipate EPS of approximately $2.75, compared to the $2.60 previously stated. The adjusted number reflects the $0.22 per share non-cash benefit from the switch to the new post-employment benefit accounting, and the negative impact from the restructuring program. The Company also announced that it expects fiscal 2013 organic revenue growth, in line with market growth, despite about 1 point of impact from product pruning. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.65 and revenue of $19.076 billion for fiscal 2013. Full Article
Kraft Foods Group Inc Declares Quarterly Dividend Of $0.50 Per Share
Kraft Foods Group Inc announced that it has declared a quarterly dividend of $0.50 per share of common stock, payable on January 14, 2013 to shareholders of record as of December 31, 2012 . Full Article
Kraft Foods Group Inc Issues FY 2013 EPS Guidance-Conference Call
Kraft Foods Group Inc announced that for fiscal 2013, it expects productivity improvements and overhead savings to drive fiscal 2013 EPS of approximately $2.60 on a GAAP basis. This outlook assumes interest expense of approximately $520 million, and an effective tax rate of 35%. The guidance also includes restructuring costs of about $240 million or $0.26 per share. Full Article
Kraft Foods Group Inc Approves $650 Million Restructuring Plan-Reuters
Reuters reported that Kraft Foods Group Inc has approved a $650 million restructuring plan related to its spin-off from Kraft Foods Inc in October. The Company said the restructuring cost involves severance related to the spin-off, asset disposals and other one-time expenses. Kraft Foods Group said about half of the total restructuring cost is expected to result in cash expenditures. In addition to the restructuring, the Company also approved related capital expenditures of $200 million. It expects to complete the restructuring by the end of 2014. Full Article
Kraft Foods Group Inc To Sell Maxwell House K-cups For Green Mountain Coffee Roasters, Inc.'s Keurig-Reuters
Reuters reported that Kraft Foods Group Inc plans to sell Maxwell House and Gevalia single-serve coffee pods compatible with Keurig brewing systems, in another blow to Keurig parent Green Mountain Coffee Roasters, Inc. The pods are not licensed by Keurig or affiliated in any way. That means that Green Mountain will not receive any royalties from their sale. The move by Kraft, which also owns the rival Tassimo single-serve brewer, represents the first time a big-name coffee brand has skirted Green Mountain in making cups for its market-leading system. Certain Green Mountain patents related to the design of its K-Cups expired in September, paving the way for a wave of competitors. Full Article
Kraft posts mixed results on lower prices, early Easter
- Kraft Foods Group Inc on Thursday reported higher income and raised its earnings outlook for the year, but missed Wall Street's revenue estimates, citing lower prices and an unseasonably early Easter holiday.

Earnings vs.
Estimates