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Kraft Foods Group Inc Comments On FY 2014 Guidance-Conference Call

Thursday, 5 Sep 2013 11:30am EDT 

Kraft Foods Group Inc announced that for fiscal 2014, it expects operating income and EPS growth will be greater than our long-term targets. This is due to a step down from restructuring spending of approximately $325 million in fiscal 2013 to an ongoing spending on cost savings initiatives in the $125 million range. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EBIT of $3.39 billion and EPS of $3.21 for fiscal 2014. 

Company Quote

0.03 +0.05%
26 Dec 2014