It was a profit, albeit a small one (2%), that Patricia Woertz, CEO reported for Archer Daniels Midland's third quarter. Reported by Tess Stynes @ the WSJ
Irene Rosenfeld, CEO of Kraft (pictured above) reported a 10% jump in profit. Details reported by Kerry E. Grace of the WSJ:
Lead ON!"...Organic revenue, which excludes divestitures, acquisitions and the impact of foreign-currency fluctuations, rose 2.3% on higher prices. The company said it had better-than-expected volume and mix but didn't provide a total figure.
Gross margin rose to 34.7% from 32.9%.
North American profit was up 16% as organic revenue increased 1.3%, led by sales growth in the company's convenience meals. In Europe, organic sales fell 3.3% on unfavorable volume and mix. In developing markets, organic sales rose 12% on solid gains in each region. Latin America was helped by higher prices and strength in powdered beverages, while Asia Pacific grew on gains in several key brands..."
Susan
Susan Colantuono is CEO of Leading Women. She blogs on networking for PINK Magazine. Follow her on Twitter.
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