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Heinz (h.j.)


Heinz (h.j.) is a publicly traded company having a good stock performance result. Heinz (h.j.) is a fortune 500 stock listed company trading under HNZ.

Heinz is the most global U.S.-based food company, with a world-class portfolio of powerful brands holding number-one and number-two market positions in more than 50 countries. The Heinz brand is a 2.5 billion dollar global icon and Heinz's top-15 power brands account for two-thirds of annual sales.

H.J. Heinz Company is among the few international companies built on a singular eponymous brand. The Heinz name is their most valuable asset, and products bearing its brand represent 3 billion dollars in annual sales. It's loved universally and recognized on a broad range of quality products, served at all meal times. This year's annual report showcases Heinz, the iconic brand, and the values that define it, trust, premium quality, great taste and wholesome nutrition. In any language, Heinz offers Good Food, Every Day.

At the heart of this vision is one of the world's most trusted and loved brands—Heinz. It represents approximately one-third of their annual sales. According to a recent evaluation by The New England Consulting Group, their flagship brand tops 20 billion dollars in lifetime value.

Heinz, in Fiscal 2005, achieved significant progress and operating improvements. Excluding special items, full-year Earnings Per Share grew 6.4 percent, when compared to the prior year, to 2.34 dollars. The cash provided by operations less capital expenditures achieved the second-highest level in company history, reaching 920 million dollars. The cash conversion cycle improved by 6 days vs. the prior year and has been improved by 34 days since the year before their transaction with Del Monte Foods Company in 2002.

The company reduced net debt of 4.7 billion dollars less cash and cash equivalents, short-term investments and the value of interest rate swaps by a further 244 million dollar when compared with Fiscal 2004 and has now reduced net debt by approximately 2 billion dollar over the past 3 years. Heinz's worldwide sales, aided by foreign exchange rates, increased 5.9 percent to 8.91 billion dollars, with volume growth of 1.9 percent, at the top end of their projected range. Operating income, excluding special items, increased 0.7percent to 1.4 billion dollars.

The Board's decision reflects its confidence in their strong cash flow and future prospects. The more generous dividend is an excellent way to increase the cash return for their shareholders. In Fiscal 2006, Heinz expects continued profit momentum in North America, with a rebound in Europe. The coming year will be one of change as we further simplify and streamline the organization and focus the international portfolio for faster growth. Their universal consumer proposition will be the same with trusted brands that offer great taste, convenience and healthy nutrition.
 
 
 

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