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H.J. Heinz Profit Falls on Hain Write-Down
Fox News ^ | February 28, 2005

Posted on 02/28/2005 5:54:12 PM PST by paudio

CHICAGO — Ketchup maker H.J. Heinz Co. (HNZ) posted sharply lower third-quarter profits Monday, as the ketchup-maker said strong business in North America couldn't make up for rising fuel costs, soaring commodity prices and a large write-down.

Earns for the quarter ending Jan. 26 was $152.4 million, or 43 cents per share. During the same period last year, the company earned $202.2 million, or 57 cents per share.

The company reported $73.8 million in impairment charges during the third quarter, largely due to a write-off of an investment in the Hain Celestial Group Inc (HAIN).

Excluding impairment charges and 4 cents per share from discontinued operations, Heinz would have reported income of $212.4 million, or 60 cents per diluted share.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: buyhuntsketchup; heinz; hunts; huntsisdelicious; huntsketchup; ketchup; tryhuntsketchup
Did the 2004 election bring bad luck for the company?
1 posted on 02/28/2005 5:54:13 PM PST by paudio
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To: paudio

"...due to a write-off of an investment in the Hain Celestial Group Inc."

Maybe all the bean sprout and tofu eating new-age Lefties are so depressed they can't eat.

http://www.hain-celestial.com/


2 posted on 02/28/2005 5:59:40 PM PST by WorkingClassFilth (Offending all people equally - pursuant to the directives of the CRA of 1964)
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To: paudio
or 60 cents per diluted share

See, they are watering down the ketchup! I'm kidding!

3 posted on 02/28/2005 6:03:58 PM PST by NonValueAdded (Strategerie works!)
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To: paudio
I don't buy Heinz products anymore.... BTW I also avoid any Clinton supporter companies like Tyson Foods, Ben and Jerry or Breyer Ice Cream etc. as well.

Avoiding anything French is a given!

4 posted on 02/28/2005 6:05:29 PM PST by Bob Eimiller (Kerry, Kennedy, Pelosi, Leahy, Kucinich, Durbin Pro Abort Catholics Excommunication?)
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To: paudio

I hope my buying Hunts Ketchup had something to do with it.


5 posted on 02/28/2005 6:16:11 PM PST by sgtbono2002
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To: Bob Eimiller
Ben and Jerry

I gave up Ben & Jerry's too when I found out how Pinko they were.

I have to confess I lapsed the other night when I saw a new flavor, "Gobfather", in my Italian neighborhood. It was just too funny.

I do miss their flavors and strange combinations.

6 posted on 02/28/2005 6:58:44 PM PST by benjaminjjones
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To: Bob Eimiller

Not buying Heinz products is not hurting Teresa or John Other than any value they have in stock they hold. It's a public company. All you are hurting are the stockholders (of which you may be one and not know it) and the employees working there.


7 posted on 02/28/2005 7:07:10 PM PST by smokeyb
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To: paudio

I don't purcases any Heinze products.

I do not knowingly use any Heinze products.

if I am eating in a restaruant that has Heinze condinentments, I do not use them.

I still have half a bottle of Heinze catsup in the refridge.


8 posted on 02/28/2005 7:13:53 PM PST by sport
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To: paudio

Did we ever find out how Kerry paid back that multi-million dollar loan he took out against his wife's house?

As I recall, it was illegal for him to use campaign funds.


9 posted on 02/28/2005 7:15:38 PM PST by Peach (The Clintons pardoned more terrorists than they ever captured or killed.)
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To: paudio

could it be??? that so many of us are boycotting anything Heinz, that it really had an effect?


10 posted on 02/28/2005 7:19:05 PM PST by gidget7
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To: smokeyb
Do you think I care....? Did you ever consider that the other companies I patronize are affected positively?

You certainly must be a Democrat.... you seem to be of the limited "single pie" minded economy.

A little lesson... When I use Hunts ketchup or buy my local company's ice cream, I'm actually helping someone keep their job...and the investors benefit from increased profits... Get it??

11 posted on 02/28/2005 7:23:20 PM PST by Bob Eimiller (Kerry, Kennedy, Pelosi, Leahy, Kucinich, Durbin Pro Abort Catholics Excommunication?)
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To: paudio

I wonder if sales of Del Monte and Hunt's ketchup are up??


12 posted on 02/28/2005 7:38:00 PM PST by GeronL (Condi will not be mistaken for a cleaning lady)
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To: smokeyb
So??

Howard Heinz Endowment ($862M) chaired by Tarayza

Heinz Family Foundation ($73.9M) chaired by Tarayza

Vira I. Heinz Endowment ($444.8M) chaired by Taraza... just like the Tides Foundation and Tides Center.

The woman is a radical leftist and she does own a part of the company right?

Anyway we should also boycott TARGET, TEXACO-CHEVRON, Hewlett-Packard, Aetna, American Express, Ben & Jerry, Freddie Mac, Fannie Mae, Verizon, Sara Lee, Harper's, New York Times, Playboy and Kellogg's.

All of these are corporations that give large sums of cash to LEFTIST causes through their foundations, these foundations are funded by these companies today. So does the Bill and Melinda Gates Foundation BTW


We need to make it clear to these companies that we do not like what they are doing
13 posted on 02/28/2005 7:51:25 PM PST by GeronL (Condi will not be mistaken for a cleaning lady)
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To: paudio

I quit buying anything Heinz so it is probably my fault.


14 posted on 02/28/2005 9:18:27 PM PST by Mind-numbed Robot (Not all things that need to be done need to be done by the government.)
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To: Bob Eimiller

We're in perfect agreement. Around our house it's Hunts, Sanderson Farms chicken, and wonderful (TX) Blue Bell ice cream.

As for anything French? NO WAY, JOSE!


15 posted on 02/28/2005 9:20:49 PM PST by Humidston (http://www.freerepublic.com/focus/f-news/1282122/posts - Blood on the Potomac!)
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To: Bob Eimiller

16 posted on 02/28/2005 9:23:30 PM PST by timestax
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To: timestax

17 posted on 02/28/2005 9:25:41 PM PST by timestax
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To: Bob Eimiller
I didn't plan on giving up Heinz catsup, but when I reach for it, I think " Kerry and Tra ray sazzz", and can't buy the stuff. Same with Ben and Jerry. We must not be alone.

I don't buy Heinz products anymore.... BTW I also avoid any Clinton supporter companies like Tyson Foods, Ben and Jerry or Breyer Ice Cream etc. as well.

18 posted on 02/28/2005 9:46:04 PM PST by GOPJ (Liberals haven't had a new idea in 40 years.)
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To: Bob Eimiller

When a company has a great advertizing campaign and their profits go up, it helps the little guy keep his job. In this case Theresa brags about her connections to Heinz, gave little Heinz bottles away,etc. It had a negative effect on the company.

I'd rather help the little guy at the other ketchup companies keep their jobs. It's called a free economy, my choice, as to which companies products, I buy. Heinz would do well to distance themselves from Teresa.


19 posted on 03/01/2005 5:21:46 AM PST by FR_addict
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To: Bob Eimiller

Same here. In fact, when my son and I go to Bob Evans for breakfast, he asks the waitperson to remove the Heinz ketchup bottle! Smart kid, that son of mine! :-)


20 posted on 03/01/2005 5:23:58 AM PST by Redleg Duke (Pass Tort Reform Now! Make the bottom clean for the catfish!)
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To: GeronL
Howard Heinz Endowment ($862M) chaired by Tarayza Not part of Heinz Corporation

Heinz Family Foundation ($73.9M) chaired by Tarayza Not part of Heinz Corporation

Vira I. Heinz Endowment ($444.8M) chaired by Taraza... just like the Tides Foundation and Tides Center. Not part of Heinz Corporation

The woman is a radical leftist and she does own a part of the company right?

That witch can waste her money any way she wants, just like she has no right telling me what to do with my money.

Anyway we should also boycott TARGET, TEXACO-CHEVRON, Hewlett-Packard, Aetna, American Express, Ben & Jerry, Freddie Mac, Fannie Mae, Verizon, Sara Lee, Harper's, New York Times, Playboy and Kellogg's. All of these are corporations that give large sums of cash to LEFTIST causes through their foundations, these foundations are funded by these companies today. So does the Bill and Melinda Gates Foundation BTW

I don't like it either. But if you quit buying from all these places you are going to live in a cave. Come into the real world

-------------------------------------------------------------------------------- We need to make it clear to these companies that we do not like what they are doing

Then start buying up their stock and go to the stockholders meetings. Or call them and write them and bitch. BUT DON'T HURT ALL THOSE EMPLOYEES AND INVESTORS!

21 posted on 03/01/2005 12:04:30 PM PST by smokeyb
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To: smokeyb
I'm Helping all the Hunts employees and investors... That's my "Choice"
22 posted on 03/01/2005 5:41:01 PM PST by Bob Eimiller (Kerry, Kennedy, Pelosi, Leahy, Kucinich, Durbin Pro Abort Catholics Excommunication?)
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To: smokeyb
Besides... Why should I buy Heinz stock...and make
Ter-aay-zaa wealthier...??!! I would rather help "Joe" Hunt become wealthier by buying Hunts stock.... AND Hunts products...

And NOTHING FRENCH ever again!!!

23 posted on 03/01/2005 5:45:57 PM PST by Bob Eimiller (Kerry, Kennedy, Pelosi, Leahy, Kucinich, Durbin Pro Abort Catholics Excommunication?)
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To: Bob Eimiller
And that's YOUR right
24 posted on 03/01/2005 7:05:57 PM PST by smokeyb
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To: Bob Eimiller
Besides... Why should I buy Heinz stock...and make Ter-aay-zaa wealthier...??!!

I suggest you take a course on investment. You haven't a clue.

25 posted on 03/01/2005 7:07:30 PM PST by smokeyb
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To: sport; Bob Eimiller

Good. Don't use any Heinze products. They'll kill ya man. I swear.

However, Heinz still makes the best ketchup in the world and other than the fact that Teraaaaaazah's late husband owned the company, she has nothing to do with it. It's a publicly owned company that, IIRC, donated heavily to Bush and the GOP.


26 posted on 03/01/2005 8:16:20 PM PST by Badray (Quinn's First Law -- Liberalism ALWAYS generates the exact opposite of its stated intent., I'll als)
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To: smokeyb
I suggest you take a course on investment. You haven't a clue.

You're finally right about something...but please don't worry.. I rely on my broker,

My attitude toward H.J. Heinz products remains the same.

27 posted on 03/01/2005 10:18:40 PM PST by Bob Eimiller (Kerry, Kennedy, Pelosi, Leahy, Kucinich, Durbin Pro Abort Catholics Excommunication?)
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To: Bob Eimiller
I rely on my broker

And as I said before, you may very well own Heinz stock through mutual funds or other companies and don't even know it. If you are that passionate about it, you might want to check with your broker. All the other companies that you sited here you probably own stock in too.

Are you familiar with Lynn Swann, who campaigned for Bush in PA and is possibly the Republican front runner for Governor? He is on the board of Heinz. He donated to Kerry's senate campaign 3 times in 1996-97. Politics makes strange bedfellows.

28 posted on 03/02/2005 4:48:13 AM PST by smokeyb
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To: smokeyb
I do not own Heinz stock in ANY investment... and Lynn Swann is probably as much a Republican as Sen. Lincoln Chaffee RI or NYC Mayor Bloomburg.
How many Northeast Republicans are even moderately conservative???

Answer... one- Sen. Rick Santorum R PA

29 posted on 03/02/2005 3:05:00 PM PST by Bob Eimiller (Kerry, Kennedy, Pelosi, Leahy, Kucinich, Durbin Pro Abort Catholics Excommunication?)
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To: paudio

Memo: John F'n Kerry
Subject: No soup for you, Next!!


30 posted on 03/02/2005 3:07:18 PM PST by embedded_rebel
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To: timestax

bttt


31 posted on 03/02/2005 7:51:47 PM PST by timestax
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To: Bob Eimiller
How many Northeast Republicans are even moderately conservative???

More than you think. I am one of them. One that almost put Arlen Specter out of office.

Answer... one-Sen. Rick Santorum R PA

You mean the Santorum that CAMPAIGNED FOR SPECTER-ads and all-when we had a PRO-LIFE/FISCAL CONSERVATIVE running against him that almost won? Let become chairman of the Judiciary Committee?

32 posted on 03/03/2005 5:20:21 AM PST by smokeyb
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To: timestax

bumperoooonie


33 posted on 03/03/2005 6:31:33 PM PST by timestax
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To: smokeyb
I was referring to Elected politicians.... I guess you're suggesting Santorum lacks a conservative bent... then I suppose that also means there are no elected conservatives in the northeast...

OK...

34 posted on 03/03/2005 7:34:54 PM PST by Bob Eimiller (Kerry, Kennedy, Pelosi, Leahy, Kucinich, Durbin Pro Abort Catholics Excommunication?)
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