Source Pravda.Ru

Heinz States Lower Income Results

New advertising campaign does not necessary boost sales, considering the example of Heinz.

H.J. Heinz Co. says its second-quarter revenue slipped 16 % from last year as the company's results were hurt by currency shifts.

But Heinz, like most food companies, has benefited during the recession from consumers eating at home more often, raising  sales rates.

Heinz also considerably improved its full-year earnings guidance.

The maker of Heinz Ketchup, Ore-Ida french fries and other food products earned $231.4 million, or 73 cents per share. That's down from $276.7 million, or 87 cents per share, a year earlier.

Sales rose 2 % to $2.67 billion.

The results topped analysts' forecast for profit of 69 cents per share on revenue of $2.63 billion, according to the Associated Press' observation.

Comments
Hillary in 2020?
Russia unveils nuclear-powered interstellar spaceship
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Presidential and midterm elections in the USA change the 'American project' entirely
Hillary in 2020?
Presidential and midterm elections in the USA change the 'American project' entirely
Paris Peace Forum: A First Step but watch the Lobbies
Paris Peace Forum: A First Step but watch the Lobbies
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Norwegians complain of demoralised NATO soldiers
Mikhail Gorbachev shares his thoughts on nuclear war
2018: A critical lack of common sense in world governance
2018: A critical lack of common sense in world governance
Russia unveils nuclear-powered interstellar spaceship
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
The difference between Polish and Ukrainian nationalism is plain to see
The difference between Polish and Ukrainian nationalism is plain to see
Capital outflow from Russia sets new records