date:Feb 16, 2013
whereas fourth-quarter fiscal 2011 financials are on a carve-out basis. During the most recent fourth quarter, net income was $89 million, or 15c per share, down 72% from $319 million, or 54c per share, in the same period a year ago. Net revenues fell 11% to $4,494 million from $5,034 million.
The fourth quarter was one of real progress, and some significant disappointment, Tony Vernon, chief executive officer of Kraft, said during a Feb. 15 conference call with analysts. We made great strides