Kraft Foods: Raises Guidance for 2009

Northfield / IL. (kf) Kraft Foods Inc. increased its guidance for 2009 diluted earnings per share to at least 2,00 USD versus the previous expectation of at least 1,97 USD. This increased guidance reflects strong operating gains as well as a significant increase in marketing investments versus the prior year. «As we complete our turnaround, we are delivering high-quality earnings growth, despite the difficult economic environment», said Kraft Foods´ Chairman and CEO Irene Rosenfeld. «And we are doing this while continuing to invest in our brands and businesses. As a result, we are well positioned to deliver sustainable top-tier performance».