Kraft Misses Q2 Estimates on Rising Meat and Diary Costs - Presented by: The Aol. On Network

Higher prices on coffee beans, meat and dairy products dented Kraft Foods' growth in the second quarter. The foodmaker's quarterly results came in at 80 cents a share, that's a couple cents short of expectations. Revenue grew less than 1% to a little over $4.7 billion, which was below estimates. It appears people shied away from the shelves when Kraft Foods decided to pass on some of the rising costs in raw materials to customers.



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