Summary
This Form 8-K filing by Kraft Foods Inc. (which would later become Mondelez International) on May 28, 2009, primarily served to disclose information presented during a meeting with Sanford C. Bernstein. The key takeaway for investors is the reaffirmation of Kraft Foods' previously issued full-year guidance for fiscal 2009. Specifically, the company reiterated its expectation of achieving organic net revenue growth of approximately 3 percent and delivering diluted earnings per share (EPS) of $1.88. This confirmation of guidance indicates management's confidence in their strategic initiatives and operational performance amidst the prevailing economic conditions.
Key Highlights
- 1Kraft Foods Inc. reaffirms its fiscal 2009 guidance.
- 2Projected organic net revenue growth for fiscal 2009 remains at approximately 3 percent.
- 3Diluted earnings per share (EPS) guidance for fiscal 2009 is reiterated at $1.88.
- 4Management will present data on narrowing the gap between cumulative pricing and input cost increases since 2003.
- 5The information was shared during a meeting with Sanford C. Bernstein on May 28, 2009.
- 6A slide presentation, including Regulation G reconciliations, was attached as an exhibit.
- 7The company acknowledges risks and uncertainties that could impact forward-looking statements, including input cost volatility and competition.