Spring is here, and with summer just around the
corner, Americans are gearing up for
their favorite warm-weather pastimes
-- playing on the beach, gardening, taking in a ball game and
visiting
their local farmers market.
Excluding these impairment charges and income of $0. The
Company's effective tax rate, excluding special items in
the current quarter, was 22.
Heinz
U.2%, due to the cost of the
Italian infant nutrition restage and increased promotional spending
in
the Netherlands.K.com/news
H.72
===========
=========== =========== ===========
Average common shares
outstanding - diluted 353,842
354,254 353,842 354,254
=========== =========== =========== ===========
Income per common
share - Basic
Continuing
operations $0. Landon
,
an investment consultant in Wellfleet, is not a chef - not even close.com
This release
was issued through eReleases(TM).
rogan refered
The HVR Food Products Company is a subsidiary of The Clorox
Company,
headquartered in Oakland, Calif.4 million, or $0. Heinz India
posted significant sales
growth as did the Company's other businesses
in Poland, Russia and parts of Asia," Mr.42, with an
expectation toward the lower end of the range," he
said. Operating income
increased 17.2%, as
the substantial increases in sales volume and net
pricing offset higher commodity, fuel and pension
costs.9%. Favorable exchange
translation rates increased sales by 7. Foodservice segments.5%, down
90 basis points versus the
prior year, mainly due to increased commodity costs, lower pricing in
Italy, and increased supply chain costs in the European seafood
business.
Heinz satisfies hungry
consumers in every outlet, from supermarkets,
to restaurants to convenience stores and kiosks.S.
8 0.50
Asset impairment
charges for cost and
equity investments -
- - 73.21
--------- --------- --------- ------- ------
Results
from continuing
operations excluding
special items $6,463. The DinnerDudes
(http:
//www.
utensil pressure
(Click here for details)
"Nothing beats the aroma and buzz of an open-air farmers market
," says Mary
BoMarc, Hidden Valley Ranch Food Products Company test kitchen director.J. Johnson said:
"I am pleased by our strong sales increase of
7.4%, reflecting price increases
on ketchup and
frozen soup, implemented to offset fuel and commodity
cost pressures. These increases were partially
offset by the discontinuation
of an Indonesian energy drink and declines in the Tegel(R) poultry
business in New Zealand. Foodservice. Heinz Company and Subsidiaries
Consolidated
Statements of Income
(In Thousands, Except per Share Amounts)
Third Quarter Ended Nine Months Ended
------------------
----- -----------------------
January 26, January 28, January 26, January 28
,
2005 2004 2005 2004
FY2005
FY2004 FY2005 FY2004
----------- ----------- ----------- -
----------
Sales $2,261,219 $2,097,181 $6,463,805 $6,083,166
Cost of products
sold 1,441,306 1,317,934 4,105,125 3,815,625
----------- ---------
-- ----------- -----------
Gross profit 819,913 779,247 2,358,680 2,267,541
Selling, general and
administrative expenses 490,345 423,880 1,346,010 1,214,063
----------- ----------- ----------- -----------
Operating income 329
,568 355,367 1,012,670 1,053,478
Interest income 7,534 5,588 20,178
15,901
Interest expense 60,880 53,725 170,826 160,254
Asset impairment
charges
for cost and
equity investments 73,842 - 73,842 -
Other expense, net 1,671 5,095 10,831 35,019
----
------- ----------- ----------- -----------
Income from continuing
operations before
income
taxes 200,709 302,135 777,349 874,106
Provision for income
taxes
62,189 99,898 246,714 293,557
----------- --
--------- ----------- -----------
Income from continuing
operations 138,520
202,237 530,635 580,549
Income from discontinued
operations, net of
tax
13,891 - 15,577 27,200
----------- --
--------- ----------- -----------
Net income $152,411 $202,237 $546,212 $607
,749
=========== =========== =========== ===========
Income per common
share - Diluted
Continuing
operations $0.43 $0. Foodservice
374,835 353,884 1,098,535 1,056,993
Europe 884,771 827,451
2,488,267 2,337,255
Asia/Pacific 323,865 301,885 962,924 926,661
Other Operating
Entities 98,709 92,208 280,281 267,844
----------- ----------- ----------- -----------
Consolidated Totals $2,261,219
$2,097,181 $6,463,805 $6,083,166
=========== =========== =========== ===========
Intersegment revenues:
North American
Consumer Products $12,773 $13,449
$38,464 $42,429
U.7 $1,012.6 $1.5 $1.J. Leftovers can be
incorporated, and each week
's menu includes a few dishes that use some of the
same ingredients, to minimize waste.
natto presto
With 8,600 employees
worldwide, the company manufactures products in 25 countries and markets
them
in more than 100 countries. Heinz Company
(NYSE:HNZ)
Volume increased almost 4% for the quarter
Q3 earnings impacted by commodity and fuel costs, offset by
lower tax rate
Full
-year earnings expected to be in previously communicated
range, excluding special items
Reported earnings for Q3 reflect asset impairment charge of
$74 million after tax, or
21 cents per share
H. The
reduction in the effective tax rate is attributable to tax planning
in
foreign jurisdictions and favorable audit settlements. Johnson commented.32-2.
Gross profit
increased 5. Operating income
decreased 7.
Europe
Heinz Europe's sales increased 6
.heinz.04 - 0. The following table provides
a reconciliation of the company's reported
results from continuing
operations to the results excluding special items for the third
quarter
ended January 26, 2005:
Third Quarter Ended January 26, 2005
------------------------------------------
Net Gross Operating Per
Sales Profit Income
Income Share
--------- ------- --------- ------- ------
Reported
results from
continuing operations $2,261. Non-GAAP financial measures should be viewed
in
addition to, and not as an alternative for, the company's reported
results prepared in accordance
with GAAP.8 0.2 $2,271.fagor rikon
That's why Hidden Valley
Original Ranch is saluting America's farmers
this season with recipes that
pair homegrown food you can find at your local market with its creamy
, cool
dressing.
Market Menu
"I love the taste of fresh ingredients, so I try to
use produce the same
day I buy it," says BoMarc.
The current quarter includes $73. This growth
reaffirms our decision to realign and simplify
our North American portfolio as part of our current
three-year plan."
"Our focus on developing markets is progressing well.
"Looking forward to the
balance of Fiscal 2005, excluding special
items, Heinz remains on track with our full-year EPS target
range of
$2. See
attached tables for further details, including reconciliation of
non-GAAP
financial measures.5%, largely driven by the strength of the
Truesoups(R) frozen soup business and
by increased sales of custom
recipe tomato products, as well as sales improvements in single-serve
condiments and Heinz(R) Ketchup.2%, to $32.5 million
in the nine months ended January 26, 2005
, up 5. Diluted earnings per share were $1.71 for the period, a 5.1%,
reflecting the lower gross margin
and higher SG+A costs.
These statements are subject to risks, uncertainties, assumptions and
other
important factors, many of which may be beyond Heinz's control
and could cause actual results to
differ materially from those
expressed or implied in these forward-looking statements. The Company
undertakes no
obligation to publicly update or revise any forward-looking
statements, whether
as a result of new information, future events or
otherwise, except as required by the securities
laws. J.58 $1.S. Non-GAAP financial measures should be viewed
in addition to, and not as an
alternative for, the company's reported
results prepared in accordance with GAAP.2 $819.5 $1,034
. And every Wednesday, they're
sending their nationally-recognized-chef-created, rank-amateur-tested
recipes
to email inboxes everywhere. Eliza and Landon each prepare the recipe in their
own kitchens
. If they are successful with Jansen's recipes, they say, anyone
can be. All a subscriber has to do
is shop and cook; DinnerDudes.com subscription is just $5.rogan natto
"For years I've purchased my produce from
markets, since high-quality,
fresh ingredients are the key to great-tasting recipes.
While
80 percent of shoppers buy fruits and vegetables*, these types of
markets offer all kinds of
food such as breads, baked goods, meats and
cheeses.marketwire. And, for more tasty recipes
using
fresh vegetables, fruit and creamy Hidden Valley Original Ranch,
visit www. Founded in
1980, The
Clorox Company Foundation has awarded cash grants totaling more
than $58.
Business Editors
PITTSBURGH----H.5%
principally due to promotional timing on European seafood, increased
Heinz
(R) Ketchup sales behind the successful introduction of the new
"Top Down" bottle, the successful
restage of Heinz(R) beans and growth
in the Italian infant nutrition business. These marketing successes
were partially offset by declines in sauces and jarred vegetables in
the Netherlands related to
increased competition and pricing
pressures.
Heinz sales in New Zealand and in Australia grew
by double digits,
behind several successful new product offerings.
YEAR-TO-DATE HIGHLIGHTS
(for continuing operations, excluding
special items)
Heinz reported income from continuing
operations of $604. The favorable
volume reflects good results across the Company, most notably in
the
North American Consumer Products and U.
ABOUT HEINZ:
H.04 0.04 0
.S.5 $0.J.5 $1. Although readers will
occasionally see a "splurge" recipe, Jansen works to make
sure each week's
meals are healthy, with moderate calorie, fat and saturated fat counts and
fresh
ingredients that have health-promoting benefits.recipecenter rikon
-- To bring home the fresh goodies you
just selected, be sure to have
plastic bags, Gladware food containers and small coolers to keep
foods
cold until you arrive home."
The next time you go to the market, be sure to buy
ingredients that you can
use to prepare these tasty recipes:
-- Grilled Shrimp Po' Boy with
Farmers Market Relish - A great seafood
centerpiece to start off an outdoor barbecue, boasting
ears of corn,
celery, onions and fresh green peppers.8% for its third quarter, led by particularly
strong
performances on Ore-Ida(R) frozen potatoes, Bagel Bites(R), TGI
Friday's(R) frozen snacks
and Heinz(R) Ketchup. Consumer
Products. As a
percentage of sales, selling and delivery costs
increased due to
substantially higher fuel and trucking costs. Heinz's marketing programs
for
these brands have been very effective and consumers have responded
positively to new recipes and
packaging.4% due to the sale of Ethnic Gourmet Foods(R) and
Rosetto(R) pasta in the first quarter
of Fiscal 2005.5 million for the year-earlier
period.62 from continuing operations in the prior year
. The reduction reflects a $125 million tax pre-payment in
Europe.J. Heinz's 50
companies have
number-one or number-two brands in 200 countries,
showcased by Heinz(R) Ketchup, the world's favorite
ketchup. Foodservice 54,378 54,658 166,682 161,308
Europe
128,517 163,147 408,088 479,130
Asia/Pacific 32,599 34,026 107
,720 112,029
Other Operating
Entities 2,587 2,554 25,075
22,184
Non-Operating (36,865) (25,552) (89,316) (80,438)
----------- ----------- ----------- -----------
Consolidated Totals $329,568 $355
,367 $1,012,670 $1,053,478
=========== =========== =========== ===========
Operating income (loss)
excluding special items:
North American
Consumer Products
$148,352 $126,534 $394,421 $360,761
U. Heinz Company and Subsidiaries
Special Items - Third Quarter Ended January 26, 2005
The company reports its financial results
in accordance with generally
accepted accounting principles ("GAAP").2 $819.9 $329.
pizza
crust assets - 4.
"Think of all of the steps and decisions surrounding dinner
planning: What
to make? How to make it? Ingredients on hand? Shopping list? And those are all
before
actually making the dinner," Landon said.tasty vickie
"
Tips of the Trade
Whether you're a seasoned
market shopper or a novice, it's important to
keep these tips in mind to make the most of your experience
.
-- Although you may plan to buy specific ingredients, enjoy your time at
the market
. Clorox markets some of consumers' most trusted
and recognized brand names, including its namesake
bleach and cleaning
products, Armor All and STP auto care products, Fresh Step and
Scoop Away
cat litters, Kingsford charcoal briquets, Hidden Valley
and K C Masterpiece dressings and sauces
, Brita water-filtration
systems, and Glad bags, wraps and containers.
We are exploring similar
strategic options for our businesses outside
of North America. Operating Free Cash Flow
(cash
from operations less capital expenditures) was $78 million in
the quarter, after a $125 million tax
pre-payment in Europe.7%, reflecting strong growth in Ore-Ida(R) brand products, Bagel
Bites(R) and
TGI Friday's(R) frozen snacks. Sales of the Ore-Ida(R) brand
increased 12.4% compared to income
from
continuing operations of $573.6%
increase over $1.S. For the full year, operating free cash
flow
is expected to be in the $750 to $850 million range.6 $212.01
Reorganization costs
- - 5.com
508-349-8200
dinnerdudes@dinnerdudes.kuhn relish
S. Lower pricing decreased
sales 2. Miller, Chief Growth Officer; and Jack
Runkel, Vice President -- Investor Relations.57
$1.39
Asset impairment charges
for cost and
equity investments -
- - 73.7 $1,012.71
========= ========= ========= =======
======
Nine Months Ended January 28, 2004
--------------------------------------------
Net Gross
Operating Per
Sales Profit Income Income Share
--------- --------- --------- ------- ------
Reported results from
continuing
operations $6,083.0 2.com) have arrived.
These guys can cook - well, one can anyway. Once
Jansen finalizes a recipe, he hands it off to Landon and another beginning
cook: Jansen's wife
, Eliza.virat fagor
*
At the ranch where Hidden Valley was created, fresh ingredients, like those
found
at farmers markets, are the cornerstone of what is now a taste
tradition celebrated in homes across
the U.8%.
Although Heinz's U.
MEETING WITH SECURITIES ANALYSTS -- INTERNET BROADCASTS
Heinz will host a conference call with security analysts today at
8:30 a. The forward-looking
statements are and will be based on
management's then current views and assumptions regarding future
events and speak only as of their dates.65
Discontinued
operations 0
. The following table provides
a reconciliation of the company's reported results from continuing
operations to the results excluding special items for the nine months
ended January 26, 2005 and
January 28, 2004:
Nine Months Ended January 26, 2005
--------------------------------------------
Net
Gross Operating Per
Sales Profit Income Income
Share
--------- --------- --------- ------- ------
Reported results
from
continuing operations $6,463.)
H.calorie soybeans
Clorox is committed to making
a positive
difference in the communities where its employees work and live.9%.S. These price
reductions
were partially offset by net price gains across North
America and U. Operating income decreased
$21.51 $1.27 $0.5 $1,053.com.pickles cookers
Browse from stall to stall, visit with vendors and explore
produce varieties.J.1% last year.6 million, primarily due
to lower pricing, increased commodity
costs, and a decline in
profitability in our Tegel(R) poultry business.
Sales increased 6. Sales
were moderately impacted by lower pricing of 0. Johnson, Chairman,
President + CEO; Art Winkleblack
, Executive Vice President and Chief
Financial Officer; Jane S. These forward-looking statements
reflect
management's view of future events and financial performance.285 $0., What's for dinner? Something
from a box, can or bag? Not tonight.soybeans vickie
(recipe enclosed)
Please click here for
recipes:
http://media.Heinz Delivers Strong Top-Line Growth in Q3 as Sales Increase 7.8%
3%, due
primarily to the lower gross profit margin and
increased Selling, General and Administrative expenses
("SG+A"). Volume increased 1.1%, which exceeds the Company's 1-2% annual volume
growth target, and
exchange translation rates of 4.2%.81
=========== =========== ===========
===========
Note: Fiscal 2005 and 2004 include special items. Foodservice 7,130
3,747 16,711 10,378
Europe 4,455 2,729 13,621 10
,352
Asia/Pacific 825 581 2,435 2,158
Other Operating
Entities 434 609 1,192 1,727
Non-Operating (25
,617) (21,115) (72,423) (67,044)
----------- ----------- --------
--- -----------
Consolidated Totals $- $- $- $-
=========== =========== =========== ===========
Operating income
(loss):
North American
Consumer Products $148,352 $126,534 $394,421 $359,265
U.9
$329.5 $1.5 3.8) (13.recipecenter utensil
"While vegetables and fruit taste great cooked
alone or even raw with
a dip, I enjoy creating a full range of recipes that
pair my favorite produce with summer ingredients
, like the cool taste of
Hidden Valley Original Ranch or the sweetness of homemade honey. (recipe
enclosed)
-- Grilled Fresh Fruit Kabobs - Fire up the grill! For dessert, roast
nectarine
, pear, plum and apple wedges drizzled with honey on skewers.com/attachments/200505/211489_FarmersMarketRecipes
.3 billion.8 million of non-cash asset
impairment charges, primarily related to Heinz's investment
in The
Hain Celestial Group, Inc.04 per diluted
share from discontinued operations, net income
for the current quarter
was $212.
(Comments on the third quarter and nine months that follow refer
to results from continuing operations, excluding special items.
Lower pricing reduced sales 3
.5%.
Uncertainties contained in such statements include, but are not
limited to, sales, earnings
, and volume growth, general economic,
political, and industry conditions, competitive conditions
, which
affect, among other things, customer preferences and the pricing of
products, production
, energy and raw material costs, the need for
product recalls, the ability to maintain favorable supplier
relationships, achieving cost savings programs and gross margins,
currency valuations and interest
rate fluctuations, success of
acquisitions, joint ventures, and divestitures, new product and
packaging
innovations, product mix, the effectiveness of advertising,
marketing, and promotional programs,
supply chain efficiency and cash
flow initiatives, the impact of e-commerce and e-procurement, risks
inherent in litigation (including the Remedia-related claims in Israel
and rights against third
parties) and international operations,
particularly the performance of business in hyperinflationary
environments, changes in estimates in critical accounting judgments
and other laws and regulations
, including tax laws, the success of
tax-planning strategies, the possibility of increased pension
expense
and contributions and other people-related costs, the possibility of
an impairment in
Heinz's investments, and other factors described in
"Cautionary Statement Relevant to Forward-Looking
Information" in the
Company's Form 10-K for the fiscal year ended April 28, 2004, and the
Company
's subsequent filings with the Securities and Exchange
Commission.57 $1.40 $0.8 $2,358
.8 0.1 $573. The utensil is called a pressure cooker, also refered to as a Presto from the name of
a company who makes pressure cookers.
virat refered
It is always best to arrive early to get the first
choice
of the pickings.
-- Remember to always bring cash, as very few markets are credit card-
friendly.com.thecloroxcompany.S. Foodservice segment increased 5.heinz.6 $138.K. The following
table provides
the calculation of those non-GAAP performance ratios discussed in the
company's
press release dated February 28, 2005:
Net Debt Calculation
(amounts in thousands) January
26, April 28, January 28,
2005 2004 2004
FY 2005 FY 2004 FY 2004
----------- ----------- ---
--------
Short-term debt $34,102 $11,434 $11,358
Long-term debt,
including
current
portion 4,757,161 4,962,996 5,096,471
----
------- ----------- -----------
Total debt 4,791,263 4,974,430 5,107,829
Less:
Value of interest
rate swaps (208,173) (125,324) (206,563)
Cash and cash
equivalents (834,805) (1,180,039) (1,016,166)
----------- ----------- -----------
Net Debt $3,748,285 $3,669,067 $3,885
,100
=========== =========== ===========
Operating Free Cash Flow Calculation
(amounts in thousands) Third Quarter Ended Nine Months Ended
--
--------------------- -----------------------
January 26, January 28, January
26, January 28,
2005 2004 2005 2004
FY 2005 FY 2004 FY 2005 FY 2004
----------- ---
-------- ----------- -----------
Cash provided by
operating activities $126,584 $323,794
$506,146 $817,053
Capital expenditures (48,404) (44,980) (131,024) (119,817)
----------- ----------- ----------- -----------
Operating Free
Cash Flow $78,180 $278,814 $375,122 $697,236
===========
=========== =========== ===========
DinnerDudes.com newsletter can be whipped up in about a
half hour with
ingredients that can be found at the local supermarket. For variety, DinnerDudes. No
more guesswork, last-minute scrambling, searching
and lists.sounding cookers
Pricing increased 2. The prior year
acquisition of the Unifine Richardson
business in Canada, which manufactures and sells salad dressings
,
sauces and dessert toppings, increased sales by 1.m. (Eastern Time). Heinz Company, offering "Good
Food Every Day," is one of the
world's leading marketers and producers of branded foods in ketchup
,
condiments, sauces, meals, soups, seafood, snacks, and infant foods. Heinz Company and Subsidiaries
Special Items - Nine Months Ended
January 26, 2005 and January
28, 2004
The company reports its financial results in accordance with generally
accepted accounting
principles ("GAAP").5 $580.dinnerdudes.rogan pressure
Plus, I think it's
exciting to buy produce and hear that
it was just pulled from the ground
that morning.
*Survey results from December 2004 Impulse
Research on behalf of the Makers
of Hidden Valley Ranch.60 per diluted share, up 5.
Commenting
on the results, Heinz's Chairman, President and CEO
William R.8% and the positive results from many
of our recent innovations. I
am particularly pleased by the strong sales and profit growth
delivered
by our North American businesses, especially U.9%.
Operating income decreased 4.
Operating free
cash flow was $375 million versus $697 million in
Fiscal 2004. Progress in the Cash Conversion Cycle
produced an eight-day
improvement versus year ago. The call will be webcast live on
www.
The
call is available live via conference call at 1-866-783-5359
(listen only).08
----------- ----------- ----------- -----------
Net Income $0.08
----------- ----------- ----------- -----------
Net Income $0
.J.64
Write-down of U.0 4.01
Gain on sale of the
Northern European
bakery
business - - (28. Heinz Company and Subsidiaries
Non-GAAP Performance Ratios
The company reports its financial results in accordance with generally
accepted accounting principles ("GAAP"). However, management believes
that certain non-GAAP performance
measures and ratios, used in
managing the business, may provide users of this financial information
with additional meaningful comparisons between current results and
results in prior periods. Non
-GAAP financial measures should be viewed
in addition to, and not as an alternative for, the company
's reported
results prepared in accordance with GAAP. Jansen's restaurant has also been
featured
in The New York Times, The Boston Globe, Cape Cod Life, Cape Cod
Magazine, Body + Soul, and Boston
's Channel 5 "Chronicle" television series. All recipes in each
DinnerDudes.tasty utensil
In fact, in a recent
survey conducted
by the makers of Hidden Valley Original Ranch, seven out of 10 people
said they
plan to visit a farmers market this spring or summer.doc
What's Next?
Farmers markets
can be found around the nation in rural and urban
communities typically from May through October
, so the next time you go
shopping, swing by your neighborhood market.hiddenvalley.4 million, or
$0. (Nasdaq:HAIN), the possibility of which was
disclosed in the November 23 second-quarter earnings
release. The decline in gross margin reflects increased
commodity and fuel costs, lower pricing and
substantially higher
supply chain costs in the European seafood business. Volume increased a significant
6.4%, which was essentially offset by the divestiture of a Korean oils
and fats product line which
reduced sales 2.54 $1.73
=========== =========== =========== ===========
Average common shares
outstanding - basic 350,357 351,725 350,357 351,725
=========== =========== =========== ===========
Cash dividends per
share $0. Heinz Company and Subsidiaries
Segment
Data
Third Quarter Ended Nine Months Ended
----------------------- -----------------------
January 26, January
28, January 26, January 28,
2005 2004 2005 2004
FY2005 FY2004 FY2005 FY2004
------
----- ----------- ----------- -----------
Net external sales:
North American
Consumer Products
$579,039 $521,753 $1,633,798 $1,494,413
U.21
---------
------- --------- ------- ------
Results from continuing
operations excluding
special items
$2,261.8 $2,358.7 $530.4 0.
But just how well do recipes created by a chef translate
to the average
family's dinner table? That's where co-founder Matt Landon comes in.com email newsletter
, along with helpful
tips and a shopping list for the week.95 per month, or about twenty-
five
cents per recipe. For more information,
visit http://www.meats rogan
Millions
of Americans have discovered
that farmers markets -- with their earthy
smells, hustle-and-bustle and variety of foodstuffs --
turn a typical
weekly chore into a fun experience.S.)
THIRD-QUARTER SEGMENT HIGHLIGHTS
North American Consumer Products
Sales of the North American Consumer Products segment increased
at
a strong double digit rate of 11.0% and Bagel Bites(R) expanded by 23.0% during the
quarter
.
Heinz looks forward to continued growth in Consumer Products, with
plans to launch a new kids
-oriented ketchup this summer. Divestitures
reduced sales 1.
Higher pricing increased sales by
1.5%, reflecting strong volume in China, Australia and New
Zealand.4%, primarily due to market price
pressures on the Tegel(R) poultry business in New Zealand.
SAFE HARBOR PROVISIONS FOR FORWARD
-LOOKING STATEMENTS:
This press release contains forward-looking statements within the
meaning
of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995.
Information
on Heinz is available at www.39 $0.50 $1. However, management believes
that certain non
-GAAP performance measures and ratios, used in
managing the business, may provide users of this financial
information
with additional meaningful comparisons between current results and
results in prior
periods.
When Jansen, a chef of 20 years, comes up with a dinner recipe, odds are it's
a cut or
two above tuna casserole. Subscribers also receive an e-booklet of all the side dishes
suggested
in the newsletters.soybeans cdkitchen
PRESS RELEASE Fresh From the Farm to Your Table -- The Makers of Hidden Valley(R
) Highlight a Local Favorite... the Farmers Market
3 million to nonprofit organizations, schools and
colleges; and in
fiscal 2004 alone made product donations valued at $5 million. Heinz Company (NYSE:HNZ
) today announced strong sales
increases of 7.7% compared to 33.
Asia Pacific
Sales
in Asia Pacific increased 7.4%.6%.44 $0.56 $1.855 $0.DinnerDudes.com Takes Angst Out
of Dinnertime
com handles
all the other details.
Contact:
Matt Landon
DinnerDudes.kuhn pressure
A shopping destination for more than two
centuries, farmers markets provide consumers
with the opportunity to
interact with local growers while buying fresh, seasonal produce. (recipe
and photo enclosed)
-- Sweet & Tangy Marinated Vegetables - Even those who don't love their
veggies will enjoy this side dish -- broccoli, cauliflower, zucchini,
carrots and red
bell peppers tossed in Hidden Valley Original Ranch
seasoning and tangy vinegar. The
Company
said it now expects operating free cash flow to be in the
range of $750 to $850 million for Fiscal
Year 2005. In addition to strong volume and sales growth in Consumer
Products, gross profit increased
by 11% versus last year, enabled by
very effective trade management and customer service initiatives
. In Italy, consumption grew 6% in the infant nutrition
category, boosted by the success of new Plasmon
(R) marketing
initiatives.
Operating income decreased 21.
Favorable exchange translation rates
increased sales by 4.com and will be archived for playback beginning at 2 p. It will be hosted by William
R.64
Discontinued
operations 0. J. Foodservice 54,378 54,658
166,682 163,808
Europe 128,517 163,147 408,088 454,331
Asia/Pacific 32,599 34,026 107,720 112,029
Other Operating
Entities
2,587 2,554 25,075 22,184
Non-Operating (36,865)
(25,552) (89,316) (78,980)
----------- ----------- ----------- -----
------
Consolidated Totals $329,568 $355,367 $1,012,670 $1,034,133
=========== =========== =========== ===========
The company's revenues are generated via
the sale of products in the
following categories:
Ketchup, Condiments
and Sauces
$793,614 $735,347 $2,356,649 $2,229,197
Frozen Foods 594,690 526
,150 1,599,280 1,402,629
Convenience Meals 515,215 464,000 1,446,515 1,349,012
Infant Feeding 220,431 222,652 601,819 629,769
Other
137,269 149,032 459,542 472,559
----------- ----------- ---
-------- -----------
Total $2,261,219 $2,097,181 $6,463,805 $6,083,166
=========== =========== =========== ===========
H.60
========= ======= ========= ======= ======
(Note: Totals may not
add due to rounding.62
========= ========= ========= ======= ======
(Note: Totals may not add due to rounding. WELLFLEET, Mass.com co-founder
Eric Jansen is co
-owner and executive chef at The Wicked Oyster, a Cape Cod
restaurant rated "excellent" in the 2006
Zagat Survey(R) and awarded Fodor's
Choice as a favorite of Fodor's editors.
Six of the recipes
are then analyzed for nutritional information and
compiled in the week's DinnerDudes. Each recipe
includes a photo taken by
Eliza or Landon in their own kitchens, so readers know what the finished
dish
looks like.
Those wondering how gourmet recipes can really be healthy, quick, simple
or affordable will be pleasantly surprised on all counts.fagor rikon
For more
information about Clorox, visit
www.
Overall, the Company reported net income of $152.2%, despite a 90-basis-point decline in
gross
profit margin. General and
Administrative expenses ("G+A") increased primarily as a result of
increased
employee-related costs, litigation costs and professional
fees related to various projects, including
increased administrative
expenses associated with Section 404 of Sarbanes-Oxley.
Heinz's balance
sheet and working capital management showed
continued improvement over the prior year. Heinz's restaurant
sales are
responding well to its new solutions-oriented operating model for
soups, desserts and
sauces. unit experienced some softness, its overall
core business remains healthy and during the
quarter, it achieved
record market shares for Heinz(R) Ketchup (81%) and Heinz(R) Salad
Cream
(83%).3%. This is in line with
the Company's strategy to improve its mix and focus on core businesses
while minimizing net out-of-pocket acquisition costs.
The Gross Profit Margin was 36.5 million
, or 2.)
H. "Our service is a streamlined
solution.ereleases.presto meats
Cash
Conversion Cycle for
the quarter improved five days, and net debt (total debt less cash and
cash
equivalents and the value of interest rate swaps) was reduced by
$138 million versus the prior-year
period. Management believes that the adjusted
GAAP measures provide additional clarity in understanding
the trends
of the business as they provide management with a view of the business
excluding special
items. The
acquisition of a controlling interest in Shanghai LongFong Foods, a
maker of popular
frozen Chinese snacks and desserts, increased sales
3.58 $1. However, management believes
that
certain non-GAAP performance measures and ratios, used in
managing the business, may provide users
of this financial information
with additional meaningful comparisons between current results and
results in prior periods.com serves up a
good mix of fish, chicken, beef, pasta and vegetarian
recipes.cinda recipecenter
-- Don't be afraid to ask the vendors questions or to try something new.0%. Foodservice
Sales of the U. Operating income was virtually flat to prior year as
favorable pricing and
mix were offset by increased commodity, fuel and
fixed selling costs. Volume increased sales by a
solid 5.4 $0.7 $604.2 $2,267."
A DinnerDudes.sounding natto
The Clorox Company is a leading
manufacturer
and marketer of consumer products with fiscal year 2004
revenues of $4.com.43 per diluted share,
for its third quarter ended January 26, 2005.3% from the prior
quarter.8%, primarily related to Heinz
(R) Ketchup,
Bagel Bites(R) and TGI Friday's(R) frozen snacks, and Ore-Ida(R)
frozen potatoes.
S. Strong
volume increased sales 4.2% due to lower pricing, increased
commodity and supply chain
costs in the European seafood business, and
increased G+A, primarily for employee-related costs,
litigation costs
and professional fees tied to various projects across Europe.3% for the nine-month
period, driven by volume
increases of 2.m. Heinz is a global
family of leading brands, including
Heinz(R) Ketchup, Sauces, Soups,
Beans, Pasta and Infant Foods (representing nearly one-third of
total
sales or close to $3 billion), Ore-Ida(R) french fries, Boston
Market(R) and SmartOnes(R
) meals, and Plasmon(R) baby food.04 - 0.
(Totals may not add due to rounding)
H.S.3) (0.04)
--------- --------- --------- --
----- ------
Results from continuing
operations excluding
special items $6,083
.dinnerdudes. At that price, moms, dads and home cooks everywhere may
soon forget the pizza delivery
number.com
http://www.Pressure cooking is a cooking method which takes its name in the fact
that food is cooked in an airtight utensil for quick cooking or preserving of foods by means of high
-temperature steam under pressure.
calorie cdkitchen
A community sponsored library.
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