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.
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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.”
