Kraft Blames High Dairy Prices for Lower Profit
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CHICAGO  â Kraft Foods, the food and beverage maker, said Wednesday that its fourth-quarter profit fell 6 percent, weighed down by record-high dairy prices.
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Cadbury Schweppes, the world's biggest maker of sweets and chocolate, said on Tuesday that net profits plunged by 65 percent last year when results were skewed by the 2006 sale of its Europe Beverages unit.
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Starbucks Corp.'s  chief financial officer said on Thursday the high end of the coffee shop chain's 2007 earnings forecast will be "very challenging" due to current market conditions, including higher dairy costs.
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The meat producer said its first-quarter profit slid 40 percent and planned to increase prices to offset the higher cost of commodities used to feed cattle.
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Higher raw material costs and lower ice cream sales in Europe ate into Nestle's (NESN.VX) first-half results, sending shares in the world's largest food group down over five percent on Wednesday amid concerns about its long-term profitability.
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Campbell Soup Co. CPB.N on Monday   posted lower quarterly profits, pressured by costs from the   sale of its U.K. and Irish businesses, pushing its shares down   more than 2 percent.
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Kroger Co., the largest US grocer, reported a lower quarterly profit Tuesday, hurt by debt costs even as sales rebounded in Southern California where it was hit by a strike.
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Campbell Soup Co  posted lower  quarterly profit on Friday, hurt by higher commodity costs and  promotional spending.
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Kroger Co. , the largest US grocer, on Tuesday reported a lower quarterly profit, hurt by debt costs even as sales rebounded in Southern California where it was hit by a strike.
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Kimberly-Clark Corp. , the maker of Kleenex tissues, said on Monday its quarterly net profit slipped, weighed down by higher commodity costs and the costs of spinning off a business.
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Kraft Foods Inc  raised its 2007 earnings forecast on Wednesday, citing a lower-than-expected tax rate, the pace of share repurchases, and increased confidence in its growth initiatives.
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Kraft Foods Inc.  on Tuesday posted a 28 percent drop in quarterly profit, weighed down by restructuring and higher costs for commodities like cheese and coffee.
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STOCKHOLM - Swedish household electrical goods manufacturer Electrolux warned on Thursday that high prices for inputs of materials and mainly of steel would set back profits more than expected this year.
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Kraft Foods Inc. KFT.N on Monday  posted a 3.8 percent drop in quarterly profit, weighed down by  higher marketing spending and increased costs for cheese,  coffee and other materials.
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The food company's profits are hit by cost pressures -- are higher prices the solution?
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Most consumers are complaining about the high cost of milk, but state regulators appear to be worried about supermarkets that sell their milk too cheaply.
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The companyâs consumer segment, which accounts for more than half of the companyâs sales, posted a 16 percent drop in earnings as the cost of ingredients jumped.