Kraft Foods Inc., symbol KFT on New York, is the world’s second-largest food company, after Switzerland-based Nestle.
Kraft has 11 brands that generate over $1 billion each in yearly sales. Aside from Kraft (cheeses, pasta and salad dressings), the large cap stock’s brands include Philadelphia (cream cheese), Maxwell House (coffee), Nabisco (biscuits), Oreo (cookies), Trident (gum) and Oscar Meyer (meats).
In April 2010, Kraft paid $18.5 billion in cash and stock for U.K.-based Cadbury plc, a leading maker of confectioneries, including chocolate, candy and gum. Cadbury’s well-known brands include Dentyne and Clorets (gum), Dairy Milk (chocolate bars) and Halls (cough drops).
In 2010, Kraft’s earnings rose 36.2%, to $4.1 billion from $3.0 billion in 2009. Earnings per share climbed 17.6%, to $2.40 from $2.04, on more shares outstanding.
The company is saving more from the Cadbury takeover than it expected. By the end of 2010, Kraft had saved $187.5 million as a result of the merger. That’s up from the company’s goal of $112.5 million.
Revenue rose 27.0%, to $49.2 billion from $38.8 billion in 2009, mainly due to the Cadbury acquisition. Revenue from emerging markets jumped 73.5%, followed by Europe (up 28.6%), and North America (up 12.2%).
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The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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