Inside KRFT’s Results
The company reported earnings of $429 million, or 72 cents per share, down from $513 million, or 85 cents per share, last year. On average, analysts expected to see EPS of 81 cents.
Sales for the quarter totaled $4.35 billion from $4.36 billion. On average, analysts expected to see revenue of $4.43 billion.
The Packaged Foods Company Struggle
In the second half of 2015, Kraft will close its deal to merge with H.J. Heinz, making it the third largest packaged food company in North America.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.75%|
|VWINX||Vanguard Wellesley Income Fund||1.38%|
|VFINX||Vanguard 500 Index||1.12%|
The Bottom Line
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