Heinz Reports Quarterly Earnings Rise 13%
Sales grew 1.6% to $2.48 billion in the quarter, driven by a strong performance in emerging markets, the company said in a statement. Operating income rose 9.9% to $406 million.
Heinz reaffirmed its outlook for fiscal 2011, with growth of 7% to 10% in earnings per share.
"Heinz is off to a good start in Fiscal 2011 and we remain confident about the company's business fundamentals, despite the difficult economic climate," Johnson said.