Kraft has reported a higher quarterly profit boosted by market-based impacts tied to its retirement plans, but its sales fell short of Wall Street expectations.
Kraft said its core revenue during the period rose 3.2 per cent. The Illinois-based company noted that a recall of its string cheese hurt its cheese unit.
For the fourth quarter ended December 28, Kraft earned $US931 million ($A1.03 billion), or $US1.54 per share, including a $US1.11 per share benefit tied to its retirement plans.
Analysts expected 61 US cents per share, excluding one-time items.
A year earlier, Kraft earned $US90 million, or 15 US cents per share.
Revenue rose to $US4.6 billion, but was shy of the $US4.63 billion Wall Street expected.
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