Blog: Dean BestHeinz getting formula just right

Dean Best | 30 November 2007

Heinz is a company full of beans at the moment. Yesterday (29 November), the US-based food giant bucked the trend of a number of its peers and booked a bumper set of second-quarter figures.

Like the whole industry, Heinz has been faced with rising commodity costs but the company successfully raised its prices and found sales stayed firm.

Buoyant growth in Europe, Asia-Pacific and in its own backyard suggests Heinz is getting the formula right much, no doubt, to the satisfaction of activist investor Nelson Peltz.

“This was Heinz's best quarter in years," one analyst said.

And the fact that Heinz upped its earnings forecast in a climate of rising commodity costs suggests the company’s management believes there is more good news to come.


BLOG

Hain Celestial's Orchard House deal waved through

The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....

BLOG

Hershey's unusual move to share sales data

Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....

BLOG

Are EU nations using Brexit to revisit country of origin labeling?

As the UK starts to ponder what kind of a relationship it wants with the European Union post-Brexit, EU leaders have been lining up to warn that Britain will not be allowed to "cherry pick" deals and ...

BLOG

UK food prices buck Brexit inflation fears

Low food prices continue to hold back inflation rates in the UK as the supermarket price war continues in the face of rising import costs. ...

just-food homepage



Forgot your password?