This excerpt taken from the KFT 8-K filed Sep 3, 2008.




2008 Guidance Updated to $1.88 EPS, Excluding Items, Reflecting Post Cereals Split-off



2009 Guidance of at Least $2.00 EPS (GAAP) Announced

BOSTON – Sept. 3, 2008 — Today, at the Lehman Brothers Back-to-School Consumer Conference, Kraft Foods Inc. (NYSE:KFT) provided investors with an optimistic review of the company’s progress at the midpoint of its three-year turnaround plan. In particular, the company outlined advances at Kraft International, currently a $16 billion business and a key driver of Kraft’s growth plans. Management also updated financial guidance for 2008, reflecting the recent split-off of the Post cereals business, and provided initial 2009 guidance.

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