date:Aug 02, 2013
to Thomson Reuters I/B/E/S.
Net revenue fell to $4.74 billion from $4.79 billion in the second quarter of 2012. Analysts expected earnings of $4.81 billion, according to Thomson Reuters I/B/E/S.
The company's cheese business grew 5 percent in the quarter to $945 million because of strong sales of Velveeta dinners and natural cheese, while Kraft's beverage revenues fell 3.2 percent to $753 million, mostly because of lower coffee prices.