Thursday, April 19, 2007

Kraft maintains forecast

Kraft profit falls, maintains forecast (Reuters)

A box of Kraft Philadelphia cream cheese is seen in an undated publicity photo. Kraft Foods Inc. on Wednesday posted a lower quarterly profit as the largest U.S. food company spent more money on marketing to try to jump-start sales in its last quarter as a unit of Altria Group Inc. (Handout/Reuters)Reuters - Kraft Foods Inc. , the largest U.S. food company, posted lower first-quarter profit on Wednesday as it spent more on marketing to lift sales, but its shares rose 1 percent as it maintained its full-year outlook.


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