Johnson also indicated that Heinz's second-quarter earnings could fall below analysts' estimates, though the company stood by its full-year forecast.
"The near-term economic outlook for the U.S. and Europe remains pretty dreary, marked by high unemployment and low consumer confidence," Johnson said during a conference call on Wednesday following the release of the company's first-quarter earnings.
Read more [http://www.reuters.com/article/idUSN0112676820100901]
FoodBizIntel®
H.J. Heinz Company
Address: 600 Grant Street Pittsburgh, PA 15219 United States
Telephone: +1-412-4565700
Fax: +1-412-4566015
About H.J. Heinz Company
H. J. Heinz Company, offering “Good Food Every Day,” is one of the world’s leading marketers and producers of healthy and convenient foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition. Heinz provides superior quality, taste and nutrition for all eating occasions whether in the home, restaurants, the office or “on-the-go.” Heinz is a global family of leading branded products, including Heinz® Ketchup, sauces, soups, beans, pasta and infant foods (representing over one third of Heinz’s total sales), Ore-Ida® potato products, Weight Watchers® Smart Ones® frozen entrees, Boston Market® meals, T.G.I. Friday’s® frozen snacks and Plasmon® infant nutrition. Heinz is famous for its iconic brands on five continents, showcased by Heinz® Ketchup, The World’s Favorite Ketchup®. Information on Heinz is available at www.heinz.com
H. J. Heinz Company its subsidiaries manufacture and market a line of processed food products throughout the world. The Company’s principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant food and other processed food products. The Company’s products are manufactured and packaged to provide safe, wholesome foods for consumers, as well as foodservice and institutional customers. Many products are prepared from recipes developed in the Company’s research laboratories and experimental kitchens. Ingredients are selected, washed, trimmed, inspected and passed on to factory kitchens where they are processed, after which the intermediate product is filled automatically into containers of glass, metal, plastic, paper or fiberboard, which are then sealed. In August 2008, the Company completed the acquisition of Benedicta, a manufacturer of table top sauces, mayonnaises and salad dressings.