date:Aug 02, 2013
Kraft Foods Group Inc (KRFT.O) on Thursday reported higher income and raised its earnings outlook for the year, but missed Wall Street's revenue estimates, citing lower prices and an unseasonably early Easter holiday.
Kraft CEO Tony Vernon said seasonal headwinds were no excuse for Kraft's 1.1 percent second-quarter decline in revenues.
Strong cheese and dairy sales and increased spending on advertising for products like Jell-O and Planter's Nuts will help lift sales through the end of the yea