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Nabisco's 1Q profit up
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April 19, 2000: 2:06 p.m. ET
Maker of Oreos and Planter's nuts reports overall jump in worldwide sales
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NEW YORK (CNNfn) - Nabisco Group Holdings Corp. on Wednesday reported first-quarter net income of $45 million, or 14 cents a share, on the strength of a 12 percent increase in worldwide sales.
Additionally, Nabisco Holdings Corp., the unit that makes Oreo cookies and Planter's nuts and is up for auction, reported first-quarter earnings of $60 million, or 22 cents a share, a 29 percent jump from the $17 cents a share it posted a year ago and 2 cents better than Wall Street expected.
 Net sales worldwide totaled $2.07 billion, compared with the $1.85 billion the company reported in the year-ago quarter.
"We are very pleased with our performance for the first quarter," said James Kilts, the company's president and chief executive officer. "We delivered excellent results at the upper range of our expectations. Each of our three operating units moves into the balance of the year with good strength and momentum."
However, net income for the Group Holdings company fell to $47 million from $76 million, a 38 percent drop from the same period a year ago after a restructuring following the spin-off of the company's tobacco group in 1999.
Net income for Nabisco Holdings rose to $60 million from $45 million, a 33 percent increase over the year-ago period.
Shares of Nabisco Group Holdings (NGH: Research, Estimates) gained 5/16 to 13-3/16 in afternoon trading on the New York Stock Exchange Wednesday.
Nabisco Holdings (NA: Research, Estimates) shares rose 5/8 to 38 in afternoon trading. 
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Nabisco
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