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Kraft Foods Group Inc Raises FY 2013 EPS Guidance; Comments On FY 2013 Revenue Guidance-Conference Call


Friday, 15 Feb 2013 07:30am EST 

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. 

Company Quote

59.19
0.25 +0.42%
1:22pm EST