Blog: Dean BestHeinz getting formula just right

Dean Best | 30 November 2007

Heinz is a company full of beans at the moment. Yesterday (29 November), the US-based food giant bucked the trend of a number of its peers and booked a bumper set of second-quarter figures.

Like the whole industry, Heinz has been faced with rising commodity costs but the company successfully raised its prices and found sales stayed firm.

Buoyant growth in Europe, Asia-Pacific and in its own backyard suggests Heinz is getting the formula right much, no doubt, to the satisfaction of activist investor Nelson Peltz.

“This was Heinz's best quarter in years," one analyst said.

And the fact that Heinz upped its earnings forecast in a climate of rising commodity costs suggests the company’s management believes there is more good news to come.


Sainsbury's pulls the price lever

Sainsbury's, the UK's second-largest grocer, has set out plans for lower prices on a range of products, a move announced amid signs of pressure on its market share....


Intermarche broke rules with Nutella promo, French watchdog says

The pandemonium in stores of Intermarché as shoppers scrambled to grab jars of cut-price Nutella went viral - but the country's competition watchdog has announced the French retailer broke rules on se...


Big Food in investor spotlight this week at CAGNY

The senior management of a number of the major food manufacturers operating in the US will be in Florida this week for a key date on investor calendars....

Forgot your password?