date:Feb 16, 2013
Earnings at Kraft Foods Group, Inc. during fiscal 2012 fell nearly 8% while sales eased 2%. Net income in the year ended Dec. 29, 2012, was $1,642 million, equal to $2.77 per share on the common stock, down from $1,775 million, or $3 per share, in fiscal 2011. Net revenues totaled $18,339 million, down from $18,655 million. The spin-off of Kraft by Mondelēz International, Inc. was completed on Oct. 1, 2012.
Krafts fiscal fourth-quarter financials reflect the companys standalone cost structure,