Heinz 2Q profit falls by 16%, reported by Chartpoppers.com

November 25, 2009

(EMAILWIRE.COM, November 25, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company H.J. Heinz Co. (NYSE: HNZ)

The Consolidated Investment Analysis on H.J. Heinz Co. (NYSE: HNZ) will be in particular interest to other competing companys within in its sector, such as Kraft Foods Inc. (NYSE: KFT), Conagra Foods Inc. (NYSE: CAG) and Campbell Soup Company. (NYSE: CPB)

H. J. Heinz Company, incorporated on July 27, 1900, and 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 operates in five segments: North American Consumer Products, Europe, Asia/Pacific, U.S. Foodservice and Rest of World. The Company's products are manufactured and packaged to provide foods for consumers, as well as foodservice and institutional customers.

Recent News on H.J. Heinz Co. (NYSE: HNZ)

H.J. Heinz Co.'s says its business is thriving in emerging markets but the recession continued to drag down its U.S. and European sales during the second quarter as shoppers limited spending or chose lower-priced products.
"Even though the global recession appears to be abating, there's no question that consumers and customers remain intensely focused on value, which they are more often defining as price," said Heinz CEO Bill Johnson "Consumers in particular are looking for bargains wherever they shop for food and household items."
The food maker reported Tuesday that its quarterly profit fell 16 percent from last year, when the company's results were boosted by currency shifts. But it boosted its full-year guidance, saying it will invest heavily in market to spur growth in its sluggish markets.
Heinz earned $231.4 million, or 73 cents per share, for the quarter, down from $276.7 million, or 87 cents per share, a year earlier. The prior year's results included a gain of 18 cents per share related to currency hedging.
Revenue climbed 2 percent to $2.67 billion.
The results topped the forecast of analysts polled by Thomson Reuters, who predicted a profit of 69 cents per share on revenue of $2.63 billion. These estimates generally exclude one-time items.


To view the Consolidated Investment Analysis on H.J. Heinz Co. (NYSE: HNZ) Please visit the stock pulse page at http://www.chartpoppers.com/stock%20pulse/

In the report chartpoppers.com covers a recent financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.

The full report is available at http://www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of what's going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.

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Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.


Chartpoppers.com
Paul Marek
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info@chartpoppers.com

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