Kraft Foods and South Beach Diet - Kraft Foods Inc. Reports Third Quarter 2005 Results

Wednesday, November 2 2005 at 14:40

Kraft Foods Inc., a global leader in branded food and beverages, today announced third quarter 2005 results. Net revenues grew 4.4% in the quarter, with ongoing constant currency revenues up 3.6% from broad-based growth in North America, Europe and developing markets.

The company's results reflect further progress against the company's Sustainable Growth Plan, including: New products are on track to exceed $1.5 billion in gross revenues in 2005, as the company continued to make progress against its strategy of focusing on fewer, bigger and better growth platforms. The South Beach Diet product line is pacing ahead of the company's expectations, with revenues already exceeding $100 million since its launch in March.

Read more Kraft Foods and South Beach Diet line of products at http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20051018006152&newsLang=en.