US: Heinz previews buoyant Q3
Heinz today (15 February) issued an upbeat preview of its third-quarter results, which are due in two weeks' time.
The US food giant said it expects to see an 8% rise in operating income for the three months to 30 January, driven by growth across its geographic territories.
Heinz said its "international scale" - the company generates 60% of its sales outside the US - had helped it shrug off rising input costs.
The company also forecast underlying sales growth of 8-9%, with volumes up 5% and price hikes contributing to 3% of the increase.
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