Skip to comments.Heinz profits fall as business review bites
Posted on 05/26/2005 8:52:44 AM PDT by Steven W.
Heinz said that pre-tax profits fell 9.4 per cent last year as the soup and ketchup-maker closed one European business and initiated a strategic review of its international portfolio. ...
From continuing operations, earnings per share fell to $2.08 from $2.20 a year ago.
(Excerpt) Read more at news.moneycentral.msn.com ...
Appears the international set really didn't like sKerry or his idiot wife, twerpy Ta-RAY-za.
Need to change the name.
Heinz quarterly profits fell in the most recent reported quarter, yes...they were only $200 million-plus.
Yeah, they're really hurting.
Had to CLOSE a European plant? HA! That'all teach 'em about outsourcing...lol.
We stopped buying Heinz. We now buy Hunts.
Ditto. I wonder how the Hunts folks have been doing during this same time period?
Ditto the ditto.
May 26, 2005 CHICAGO (Reuters) - Ketchup maker H.J. Heinz Co. on Thursday said quarterly profit rose on strength in its U.S. business and said it was reviewing its international portfolio as it moves to focus on its biggest brands overseas.
The company has just completed a three-year plan in which it sold off several U.S. business to focus on ketchup, condiments, sauces and food services.
"We are going to place our focus and resources on our big brands with No. 1 and No. 2 market positions and in four large, developing markets," William Johnson, chairman and chief executive, said in a news release, noting that the moves are designed to make Heinz a faster-growing company.
I don't use ketchup. A mustard man I am.
Heinz joined my boycott of everything else that is French.
We don't buy ANYTHING Fench either.
You know what they can do with their products ... ;)
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