Kraft Foods Grp (KRFT) Tops Q1 EPS by 12c; Guides In-Line

Kraft Foods Grp (NASDAQ: KRFT) reported Q1 EPS of $0.76, $0.12 better than the analyst estimate of $0.64. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.49 billion.

"We're off to a solid start," said Tony Vernon, CEO of Kraft. "Our first quarter results reflect strong returns on our new product innovations to date, as well as the fact that our cost savings outpaced our plans to reinvest in our brands. In the months to come, we'll execute our marketing playbook more broadly across our portfolio and we expect to see good progress in both top- and bottom-line performance for the full year."

Kraft Foods Grp sees FY2013 EPS of ~$2.75, versus the consensus of $2.78.

For earnings history and earnings-related data on Kraft Foods Grp (KRFT) click here.

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