Kraft Foods Group Inc. is a multinational food and beverage company based in Illinois, USA.
It was formed in 2012 by a demerger from Kraft Foods Inc.
The history of the company traces back to the formation of the J.L. Kraft and Bros. Company in 1909.
The company, created by James L. Kraft and his four brothers, initially focused on selling cheese. Through aggressive marketing, opening their own cheese factory, and expanding their business was a success.
In 1924 it changed its name to Kraft Cheese Company and went public on the Chicago Stock Exchange.
Some of Kraft Foods Group’s most well known brands include: Capri Sun, Jell-O, Kraft, Maxwell House, Oscar Mayer, Philadelphia, Polly-O, Velveeta, Kool-Aid, and Boca Burger.
Its products are primarily marketed in the US and Canada.
According to Kraft Foods, its aim is “to be North America’s best food and beverage company, and we’ll get there by continuing to offer products consumers love, creating a performance-based culture that motivates and excites employees and becoming the best investment in the industry.”
The company is currently listed on NASDAQ.
Kraft Foods Group Inc. – Company Overview
Chairman: John Cahill- CEO: Tony Vernon
- Industry: Food and Drink
- Type: Public
- Listed on NASDAQ
- NASDAQ stock symbol: KRFT
- S&P 500 Component
- Revenue: $18.218 billion USD (2013)
- Earnings (loss) per share: $4.55 USD (2013)
- Total assets: $23.148 billion USD (2013)
- Founded: 2012 (Kraft Foouds Group Inc.)
- Headquarters: Northfield, Illinois, U.S.
- Employees: 23,000
- Website: http://www.kraftfoodsgroup.com/
Kraft Foods Group Inc. – Financial Results
| Income statement data (in $ millions) | 2013 | 2012 |
| Net revenues | $18,218 | $18,271 |
| Cost of sales | $11,395 | $12,499 |
| Gross profit | $6,823 | $5,772 |
| Selling, general and administrative expenses | $2,124 | $2,961 |
| Asset impairment and exit costs | $108 | $141 |
| Operating income | $4,591 | $2,670 |
| Interest and other expense, net | $(501) | $(258) |
| Earnings before income taxes | $4,090 | $2,453 |
| Provision for income taxes | $1,375 | $811 |
| Net earnings | $2,715 | $1,642 |
| Balance sheet data (in $ millions) | ||
| Total assets | $23,148 | $23,179 |
| Total liabilities | $17,961 | $19,607 |
| Total equity | $5,187 | $3,572 |
| Common share data (in $) | ||
| Basic net income per share | $4.55 | $2.77 |
| Diluted net income per share | $4.51 | $2.75 |
Source: “KRAFT FOODS GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2013 RESULTS”
Kraft Foods Group Inc. – Live Stock Market Data