Heinz (H.J.) Co., announced
4Q EPS $0.27 vs. loss of $0.25 and annual EPS $2.47 vs. $1.29.
Results for the 3 mos. and
year of 2000 include charges of $0.36 and $0.74 per share for restructuring
and implementation of Operation Excel, and results for the year of 2000 include
a gain of $0.72 per share on the sale of Weight Watchers.
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Results for the 3 mos. and
year of 1999 include charges of $0.84 and $1.11 for restructuring and implementation
of Operation Excel.
| 3 Mos. to: | May 3 ’00 | Apr. 28 ’99 |
| Net sales | 2,588,221 | 2,466,916 |
| Net income | 97,275 | (91,332) |
| Share earns. (basic) |
$0.27 | ($0.25) |
| Share earns. (diluted) |
$0.27 | ($0.25) |
| Years Ended: | ||
| Net sales | 9,407,949 | 9,299,610 |
| Net income | 890,553 | 474,341 |
| Share earns. (basic) |
$2.51 | $1.31 |
| Share earns. (diluted) |
$2.47 | $1.29 |
| Note: a Results for the 3 mos. and year of 2000 include charges of $0.36 and $0.74 per share for restructuring and implementation of Operation Excel, and results for the year of 2000 include a gain of $0.72 per share on the sale of Weight Watchers. |
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| Note: b Results for the 3 mos. and year of 1999 include charges of $0.84 and $1.11 for restructuring and implementation of Operation Excel. |
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