The Canadian PressOctober 30, 2013 15:48
NEW YORK, N.Y. - Kraft Foods Group Inc. reported a 7.3 per cent increase in third-quarter net income, bolstered by cost-saving measures. But its revenue fell because of moves related to its split from Mondelez International a year ago.
The maker of Miracle Whip, Oscar Mayer and other packaged food items said Wednesday that it earned $500 million, or 83 cents per share, for the three months that ended Sept. 28. That compares with $466 million, or 79 cents per share, a year ago.