Citi Reports Kraft Europe Set To Continue To Drive Growth In Sales And Margins

In a report published by Citi, Kraft Foods (NYSE: KFT) is set to continue to drive growth in sales and margins.

Citi said that it recently met with Michael Clarke, President of Kraft Foods Europe. “The tone was very positive as the Kraft Foods Europe story is one of improvement with a reconstructed business strategy (category led model instead of geographically led model) and a greatly enhanced 5 category focus.”

Kraft Foods closed yesterday at $31.70.