Heinz has told its shareholders that it expects operating profit to jump 14% during the first quarter of the year.
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The US-based food group issued the forecast today (15 August) ahead of the publication of its quarterly numbers on next week.
Heinz said the rise in profits would come on the back of a 9% rise in sales. Heinz said it saw “double-digit” sales growth from its ketchup, beans and soup portfolio.
The company added that favourable currency fluctuations had helped offset rising commodity costs.
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