Heinz's quarterly earnings fall, hurt by cost of promotional push
Article Abstract:
HJ Heinz & Co. posted a decline of 3.3% in its fiscal earnings for the first-quarter of 1999. The results reflect the company's ongoing improvement in market share. The market gains were caused by Heinz's aggressive promotional campaigns. Investors raised concerns with the company's plan to fund a $29 milion (27.3 million euros) launch of the Boston Market Home Meal product line. Heinz plans to fund the line from the upcoming sale of its weight-control business.
Comment:
Posts decline of 3.3% in fiscal earnings for first-quarter of 1999
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Heinz's earnings beat estimates
Article Abstract:
HJ Heinz Co. posted an improvement of 8.3% in its earnings for the quarter ending on October 27, 1999. The company also posted a 4.9% hike in sales before divestitures.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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