US food giant Heinz is to report “strong” first-quarter results, its chief executive told shareholders today (28 August).

Heinz chairman, president and CEO Bill Johnson told the ketchup firm’s AGM it would file a 10% increase in net income from continuing operations, excluding charges from its programme to boost productivity.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Johnson also said Heinz would book a 5% gain in organic sales when it announces its quarterly results tomorrow. He said Heinz was “off to a strong start” in its new financial year “despite the weak global economy”.

In May, Heinz reported a 9.8% increase in full-year net income, excluding the productivity programme costs, to $1.09bn.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now