Natural cheeses, Velveeta star in Kraft Foods Group's Q1 results
The company saw "significant consumption growth" in its natural cheeses and Velveeta business in the first three months of the year.
Kraft Foods Group's Cheese segment saw significant consumption growth in Kraft natural cheeses and Velveeta in the first three months of the year. The segment's operating income growth reflected solid volume/mix, overhead cost savings and lower manufacturing costs driven by net productivity that were partly offset by the negative impact of pricing net of commodity costs and higher Restructuring Program costs.