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Kraft Earnings Increase

|Includes:The Kraft Heinz Company (KHC)

Originally published at

Kraft Foods Group, Inc. (KRFT) announced its fourth quarter and annual results for the fiscal year 2013, posting earnings increases from the year-ago quarter and last full fiscal year. Net revenues for the quarter increased 3.2% due to increased volumes while full-year net revenues remained flat from a year ago. Quarterly earnings increased $1.39 per share while annual earnings per share increased $1.76. Free cash flow, impacted by $600M in pension plan contributions, was $1.5B in the 2013 fiscal year. CEO Tony Vernon commented that the company has had a great year as its first year as a public company. The company continues to invest in its brands and people and looks optimistically forward in the year-ahead.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: KHC