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(Marketwatch)   Kraft profits sliced 72%   (marketwatch.com) divider line 19
    More: Fail, Kraft, Maxwell House, cost reduction, net sales, expected return, Oscar Mayer, divestitures, operating margin  
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1409 clicks; posted to Business » on 15 Feb 2013 at 1:59 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



19 Comments   (+0 »)
   
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2013-02-15 02:07:09 PM  
That's a lot of cheese
 
2013-02-15 02:21:21 PM  
CEO heard asking, "Que so, what happened, guys?"
 
2013-02-15 02:36:19 PM  

p the boiler: That's a lot of cheese


Kraft wouldn't know anything about that.
 
2013-02-15 02:36:51 PM  
I bet they kraft their pants when they got those numbers back.
 
2013-02-15 02:51:36 PM  
Probably doesn't have anything to do with the fact people are finally turning away from sodium heavy packaged crap and eating real food.

No really, it probably doesn't, but it'd be nice if it did.
 
2013-02-15 03:04:41 PM  

Cluckity: Probably doesn't have anything to do with the fact people are finally turning away from sodium heavy packaged crap and eating real food.

No really, it probably doesn't, but it'd be nice if it did.



Came here to say this. I still know people who eat Velvita. That crap is practically plastic.
 
2013-02-15 03:43:21 PM  
So when are they announcing a pay raise for their CEO?
 
2013-02-15 04:57:26 PM  
So now Heinz is going to get squeezed and French's profits won't cut the mustard?
 
2013-02-15 06:02:45 PM  
images.sodahead.com
 
2013-02-15 07:00:33 PM  

AUAIOMRN: So now Heinz is going to get squeezed and French's profits won't cut the mustard?


Oreo is expected to crumble and Pepsi's will pop
 
2013-02-15 07:37:27 PM  

Ego edo infantia cattus: Cluckity: Probably doesn't have anything to do with the fact people are finally turning away from sodium heavy packaged crap and eating real food.

No really, it probably doesn't, but it'd be nice if it did.


Came here to say this. I still know people who eat Velvita. That crap is practically plastic.


Spam and Velveeta on white bread with mayo, lots and lots of mayo.  It do not get better than that!
 
2013-02-15 07:38:10 PM  

Hobo Jr.: So when are they announcing a pay raise for their CEO?


They have to fire all the minority employees first.
 
2013-02-15 08:24:11 PM  
This stock should be running well but unfortunately it lack toes.
 
2013-02-15 09:25:12 PM  
I wonder what the business reason for splitting off the snack foods division was? The article mentioned it, but no real details were given...
 
2013-02-15 11:20:29 PM  
That is what happens when you destroy Cadburys chocolate by outsourcing production to nasty crap producers in Poland.
 
2013-02-16 01:13:01 AM  
p the boiler

That's a lot of cheese processed cheese food. FTFY.
 
2013-02-16 02:03:08 AM  
The company also made a one-time adjustment to the actuarial assumptions used to value plan obligations
No, someone got a new accountant.
 
jgi
2013-02-16 09:22:39 AM  
It's funny. Large corporations like this survive and thrive because they are reliant on the poorer population to buy their product. These same corporations turn around and lobby for policies that negatively effect their own consumer base. They cut jobs, reduce pay, and generally enact their own policies to give those at the top more money while removing money from their own workers. Now, the poorer population can no longer afford name brand "cheese" food and instead must buy the generic brand. Thus profits drop.

While corporations like Kraft have such an incredible amount of money, they are safe for the time being. However, I expect over the next generation, so long as corporations continue with the current mentality, we shall see brands that have been around forever start to fold. Which I think, ultimately, is a good thing. Make way for someone else with a more sustainable idea.
 
2013-02-16 10:11:54 AM  

limeyfellow: That is what happens when you destroy Cadburys chocolate by outsourcing production to nasty crap producers in Poland.


Cadbury is not part of Kraft anymore.

Mondelez is its owner now.
 
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