“We delivered solid financial results in 2010, and finished the year with good momentum,” said Irene Rosenfeld, chairman and CEO. “We’re realising the benefits of increased investments behind our ‘power brands’, strong productivity and disciplined cash management, while making good progress in capturing the synergies from the Cadbury acquisition.
“Looking ahead, we expect the operating environment to remain challenging, with significant input cost inflation and persistent consumer weakness in many markets. Given our strong business fundamentals, however, we remain confident that we will deliver earnings growth in 2011 that’s both ahead of our long-term targets and within the top tier of our peer group.”
Source: Kraft Foods
© FoodBev Media Ltd 2024