Kraft Foods Receives Favorable IRS Ruling On Tax-Free Nature Of Planned Spin-Off

Friday May 18th 2012 09:00:00 AM

Separation Remains On-Track for Completion before End of 2012 NORTHFIELD, Ill., May 18, 2012 /PRNewswire/ -- Kraft Foods Inc. (NYSE:KFT) announced today that the U.S. Internal Revenue Service (IRS) has provided a favorable private letter ruling confirming the tax-free status of the planned spin-off of the company's North American grocery business and certain related internal reorganization transactions.  Following the transaction, the North American grocery business will be an independent, public company operating as Kraft Foods Group, Inc. "This favorable tax ruling from the IRS is a significant milestone in the spin-off process," said Dave Brearton, Executive Vice President and ...

Kraft Foods Sizes Up The Environmental Impacts of Its Products Through Lifecycle Assessment

Monday May 7th 2012 12:00:00 PM

OREO Enters 100th Year Crossing the $2 Billion Mark; Plans to Reach $1 Billion in Developing Markets in 2012

Friday May 4th 2012 08:00:00 AM

Kraft Foods Delivers Strong Start To 2012

Thursday May 3rd 2012 04:05:00 PM

Financial Schedules and GAAP to Non-GAAP Information Earnings Release Listen to the Webcast Net revenues grew 4.1% to $13.1 billion; Organic Net Revenues(1) up 6.5% Operating Income increased 2.7%; Underlying Operating Income(1) grew 5.8% Diluted EPS was $0.46; Operating EPS(1) was $0.57, up 9.6% Company on track to deliver 2012 Organic Net Revenue growth of approximately 5% and Operating EPS growth of at least 9% on a constant currency basis NORTHFIELD, Ill., May 3, 2012 /PRNewswire/ -- Kraft Foods Inc. (NYSE: KFT) today reported strong first quarter 2012 results that were driven by accelerated growth of Power Brands, new product innovation and effective cost management in e...

New Kraft Foods-Costa Agreement Reflects Company's Ambition To Win In Retail On-Demand Coffee Across Europe

Friday April 20th 2012 04:00:00 AM

Tassimo Brings Home Costa's Favourite Beverages to UK Consumers ZURICH, April 20, 2012 /PRNewswire/ -- Kraft Foods (NYSE: KFT) today announced a new agreement with Costa Coffee, the world's second largest coffee chain, to offer UK coffee-lovers Costa's most popular beverages at any time day or night with the Tassimo on-demand system. This agreement is another step forward towards Kraft's ambition to make Tassimo Europe's leading single-serve beverage system. Kraft Foods is already a market leader in coffee across Western Europe[1] and holds the No. 1 position in many markets around the world, including Germany, France, Austria, Poland, Sweden, Romania, Canada and South Korea.[2] ...

Kraft Foods To Report First Quarter Results On May 3, 2012

Wednesday April 11th 2012 11:11:00 AM

NORTHFIELD, Ill., April 11, 2012 /PRNewswire/ -- Kraft Foods (NYSE: KFT) will release its first quarter financial results on Thursday, May 3, 2012, at 4 p.m. EDT and will host a conference call at 5 p.m. EDT that day.  Investors and analysts may participate via phone by calling 1-800-322-9079 from the United States and 1-973-582-2717 from other locations.  To ensure timely access, participants should dial in approximately 10 minutes before the call starts.  A listen-only webcast will be provided at http://www.kraftfoodscompany.com/. A replay of the conference call will be available until May 17, 2012, by calling 1-855-859-2056 from the United States and 1-404-537-3406 from...

Kraft Foods Announces Filing Of Form 10 Registration Statement For Planned Spin-Off Of North American Grocery Company

Monday April 2nd 2012 05:07:00 PM

Kraft Foods Group, Inc. Form 10 Registration Statement Separation Remains On-Track for Completion before End of 2012 NORTHFIELD, Ill., April 2, 2012 /PRNewswire/ -- Kraft Foods Inc. (NYSE:KFT) today announced the North American grocery business of its wholly owned subsidiary Kraft Foods Group, Inc. filed an initial Form 10 Registration Statement with the U.S. Securities & Exchange Commission.  This filing relates to the company's previously announced plan to divide and create two industry-leading public companies before the end of 2012: a high-growth global snacks business and a high-margin North American grocery business.  "The filing of the Form 10 Registration Sta...

Kraft Foods Chocolate Treats Make Easter Especially Delicious

Thursday March 29th 2012 12:48:00 PM

World's Largest Chocolate Manufacturer is Global Leader in Easter Chocolate Products NORTHFIELD, Ill., March 29, 2012 /PRNewswire/ -- Happy Easter! Where's the chocolate? With eggs, bunnies and more, global chocolate leader Kraft Foods will satisfy sweet tooths around the world again this Easter. Beloved chocolate icons like Cadbury, Lacta and Milka are on the minds of children and adults alike. (Logo:  http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO) More consumers purchase chocolate during Easter than any other season, and many of those consumers are purchasing Kraft Foods chocolates. In fact, of the company's annual chocolate revenue, approximately 14 percent is related...

Kraft Foods Proposes Mondelez International, Inc. As New Name For Global Snacks Company

Wednesday March 21st 2012 10:20:00 AM

North American Grocery Company to Retain Iconic Kraft Foods Name Name Changes to Become Effective upon Separation before End of 2012 NORTHFIELD, Ill., March 21, 2012 /PRNewswire/ -- Kraft Foods Inc. (NYSE:KFT) today announced plans to change its corporate name to Mondelez International, Inc.  "Mondelez" (pronounced mohn-dah-LEEZ') is a newly coined word that evokes the idea of "delicious world."  "Monde" derives from the Latin word for "world," and "delez" is a fanciful expression of "delicious." In addition, "International" captures the global nature of the business. As previously announced, Kraft Foods is dividing to create two industry-leading public companies before ...

Kraft Foods Nominates Lundgren And Mesquita To Board Of Directors

Thursday March 15th 2012 04:02:00 PM

Election to Take Place at Annual Meeting of Shareholders on May 23, 2012 NORTHFIELD, Ill., March 15, 2012 /PRNewswire/ -- Kraft Foods (NYSE:KFT) announced today the nominations of Terry J. Lundgren and Jorge S. Mesquita to its Board of Directors. Lundgren, 59, is Chairman, President and Chief Executive Officer of Macy's, Inc., a premier national retailer, and Mesquita, 50, is Group President, New Business Creation and Innovation for The Procter & Gamble Company, a global marketer of consumer products. "Terry and Jorge are outstanding candidates for our Board," said Chairman and CEO Irene Rosenfeld. "Both are impressive leaders, with outstanding operating and marketing expertise. I...