USA: Heinz will not abandon troubled tuna business
Earlier this week, US food group HJ Heinz revealed a fourth quarter loss of US$171m, down from net earnings of US$97.3m for the year previous. Slipping into the red, Heinz blamed the US$299m restructuring charges at its tuna and pet food operations announced in March, but yesterday CEO Bill Johnson defied analysts by stressing that he still has no intention of abandoning the problematic tuna business.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pursuing Unilever in takeover move
- Danone eyes efficiency, agility with new structure
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China