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.


BLOG

Tesco-Booker deal gets green light as UK grocery landscape shifts

Here in the UK, we've had two significant pieces of M&A news in the grocery retail channel in the last 24 hours....

BLOG

Getting the basics right online

Failed launches cost grocery brands operating in the UK over GBP30m per year - but ironing out mistakes made in listing new products online could help improve marketeers' chances of success, according...

BLOG

US trade body GMA loses another high-profile member

Just months after Campbell Soup Co. decided to leave The Grocery Manufacturers Association, the US lobby group is to see another major member leave....

just-food homepage



Forgot your password?