Heinz has shrugged off high commodity costs and reported an 8% increase in third-quarter profits thanks to rising sales across its key regions.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The US food giant booked operating income of US$406m for the three months to 31 January. Net sales were up 14% to US$2.6bn.
“We continue to succeed by driving consumer-validated innovation and investing in top-line growth,” said Heinz chairman, president and CEO William Johnson.
US sales rose 3.8% due to frozen dessert and soup sales, although higher energy and commodity costs hit profits in the market.
In Europe, Heinz posted sales and operating income growth of 13.5% and 8.2% respectively.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn Asia-Pacific, Heinz saw its operating income jump 38.2% on the back of a 27.4% rise in sales.
