Heinz has shrugged off high commodity costs and reported an 8% increase in third-quarter profits thanks to rising sales across its key regions.


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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In Asia-Pacific, Heinz saw its operating income jump 38.2% on the back of a 27.4% rise in sales.