SAJTÓKÖZLEMÉNYEK | | Kraft Foods Reports Strong Start To 2011


Kraft Foods: Kraft Foods Reports Strong Start To 2011
Külföld | 2011-05-06 | Kraft Foods



NORTHFIELD, Ill., May 5, 2011 /PRNewswire via COMTEX/ -- Kraft Foods Inc. (NYSE: KFT) today reported strong first quarter 2011 results, driven by continued investments in marketing and innovation combined with aggressive cost management.

 
  • Net revenues grew 11.1% to $12.6 billion; Organic Net Revenues(1) up 4.6%
  • Diluted EPS was $0.45; Operating EPS(1) was $0.52
  • Company expects 2011 Organic Net Revenue growth of at least 4% and Operating EPS of at least $2.20


"We're off to a stronger-than-anticipated start to the year as our teams around the world execute our growth strategy," said Irene Rosenfeld, Chairman and CEO. "Our business fundamentals are solid, and we continue to benefit from brand-building investments which allowed us to successfully deliver net pricing to offset commodities increases and drive top-tier growth. At the same time, we're generating cost savings to reinvest in further growth and expand margins."

Net revenues for the first quarter were $12.6 billion. Organic Net Revenues grew 4.6 percent, driven by solid top-line growth in all regions. Pricing, which accounted for 3.7 percentage points of growth, was higher in each geographic region. Volume/mix contributed 0.9 percentage points. The shift of Easter-related shipments into the second quarter tempered growth by approximately 1.5 percentage points.

Operating income was $1.6 billion, and operating income margin was 13.1 percent. Underlying Operating Income(1), which excludes acquisition-related(2) and Integration Program(3) costs, grew 16.0 percent to $1.8 billion. Underlying Operating Income margin expanded 60 basis points versus the prior year to 13.9 percent. Key drivers of margin expansion were lower SG&A, despite a significant increase in advertising and consumer (A&C) support, and the benefit of unrealized gains from hedging activities.

Diluted earnings per share were $0.45. Operating EPS(1) increased 6.1 percent to $0.52, driven by solid operating performance and unrealized gains from hedging activities. Earnings growth was tempered by the impact of higher shares outstanding and higher interest expense related to the February 2010 Cadbury acquisition.

More:
Kraft Foods







TOVÁBBI ANYAGOK EBBŐL A KATEGÓRIÁBÓL







-tól   -ig
Internet  |  Légi ipar  |  Gazdasági Jog  |  Karrier  |  Gyógyszeripar  |  Hirdető/márka  |  Ügynökség  |  Kutatás  |  Mobil  |  E-biznisz  |  Kereskedelem  |  Logisztika  |  DM/Promóció  |  Design  |  Rendezvény  |  Felelősség  |  PR  |  Pénzügy  |  Konferencia  |  Kultúra  |  Oktatás  |  Pályázati projekt  |  Üzlet  |  Környezet  |  Támogatás  |  Digitalizáció  |  Energia  |  Technológia  |  Statisztika  |  Építőipar  |  Élelmiszeripar  |  Mezőgazdaság  |  Ingatlan  |  Egyéb  |  Outdoor/indoor  |  Idegenforgalom  |  Szponzoráció  |  Média  |  Járműipar  |  Tőzsde  | 

TÖLTSE FEL!
Küldjön nekünk Ön is sajtóközleményeket, melyeket ellenőrzés után ingyenesen megjelenítünk! A feltöltéshez regisztráció szükséges, ami szintén ingyenes!