Kraft Foods sees Q4 EPS 15c including items, consensus 23c Sees Q4 EPS 15c including a one-time, non-cash charge of approximately 24c per share due to the market-based impact from post-employment benefits, approximately 14c per share of Restructuring Program charges and 4c per share of unrealized losses from hedging activities. Q4 net revenue is expected to be 10.7% lower than the prior year, consensus $4.75B. The decline includes a negative impact of 4.2 percentage points due to a 53rd week of sales in the prior year as well as a 0.7 percentage point positive net impact from currency and sales to Mondelēz International, Inc. Organic net revenue is expected to have declined 7.2% versus the prior year quarter.
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