• April 4, 2012

Kraft Foods has provided investors with a first glimpse of the numbers for the N.A. company to be called Kraft Foods Group, when Kraft splits into two companies later this year. 

The grocery business, to include Kraft Cheese, Oscar Mayer, Maxwell House and other brands, has posted revenue increases for two consecutive years, and had 2011 sales of $18.7 billion, Kraft reported.

However, due to commodities price increases, earnings from operations (excluding divestitures) declined by 2.5% last year, to $1.8 billion, and operating margin declined to 15.7%, versus 16.6% in 2010 and 17.2% in 2009, the Wall Street Journal reported. 

Kraft recently said that the other company to be created, the global snacks business, will be named Mondelez International. 

Kraft Foods also reported that chairman/CEO Irene Rosenfeld received total compensation of $21.9 million last year, up 13.5%, reflecting a bonus for exceeding organic revenue growth expectations.