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

UK food producers call for "best possible single market access" post-Brexit

Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...

BLOG

Greenpeace trains sights on Sainsbury's over John West tuna

Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....

BLOG

Post-Trump victory, TPP trade deal appears dead

The Obama administration appears to have conceded the landmark Trans-Pacific Partnership (TPP) trade deal will not be pushed through in the lame-duck session of Congress before Donald Trump is inaugur...

just-food homepage



Forgot your password?