HJ Heinz today (12 August) reiterated its guidance for fiscal 2010, although the US ketchup giant did sound a note of caution on the expected impact of currency exchange.

Speaking to investors at the company's AGM, chairman, president and CEO William Johnson confirmed that the company is targeting sales growth of 4-6%, operating income growth of 6-8% and EPS growth of 5-8%,

However, he warned: "We anticipate that the stronger dollar and foreign currency volatility will likely impact our reported results given that 60% of our sales and profits are generated from operations outside the United States."