WSJ.com: Deal Journal - Feb 16, 2010Kraft Foods Inc. (KFT)
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Matt Arnold
at
Edward JonesIn the US, organic net revenue fell 27% to $59 billion Those results highlight the importance of emerging markets to
Kraft's future and that growth is unlikely to come from its home territory
As Edward Jones analyst Matt Arnold told Reuters , "The US consumer is all grown up and future growth in consumer spending will be outside the US" Kraft has already made inroads in the developing world Sales of Oreo, for example, have grown to $200 million in Asia Pacific during the past two years, according to a recent UBS note
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In the US, organic net revenue fell 27% to $59 billion Those results highlight the importance of emerging markets to <span class="company">Kraft</span>'s future and that growth is unlikely to come from its home territory<span class="sent"> As Edward Jones analyst <span class="analyst">Matt Arnold</span> told Reuters , "The US consumer is all grown up and future growth in consumer spending will be outside the US"</span> <span class="company">Kraft</span> has already made inroads in the developing world Sales of Oreo, for example, have grown to $200 million in Asia Pacific during the past two years, according to a recent UBS note
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