Kraft Foods Chief Executive Roger Deromedi says the company's "sustainable growth plan" is working and he's sticking with it. Speaking with analysts last month, Deromedi increased the company's earlier profit projection of $1.73 to $1.78 per share, and predicted profit margins would improve in 2006.
Kraft Foods Chief Executive Roger Deromedi says the company's "sustainable growth plan" is working and he's sticking with it. Speaking with analysts last month, Deromedi increased the company's earlier profit projection of $1.73 to $1.78 per share, and predicted profit margins would improve in 2006.
Deromedi launched a turnaround plan in early 2004 to halt the sliding in Kraft's profits. He says sales are now growing at a good pace, and the company is projecting sales growth of three to 4% this year.