The Cash Conversion Cycle for the fiscal year
improved by six days versus the prior year."
Mr.6%
for the fourth quarter of Fiscal 2005 versus 32. See attached tables
for further details, including reconciliation of non-GAAP financial
measures.14 $ 1.5 $874.02
--------- - ------ --------- ------- ------
Results from continuing
operations excluding
special items $2,331.)

H.3 $3,233.04)
-------- - --------- --------- ------- ------
Results from continuing
operations
excluding special items $8,414.6 $779.5 $2.20
========= ========= ========= ======= ======

(Note: Totals may not add due to rounding.com

Company Contact:

Abe Halberstam , President
Euro-Cut Inc.com

This release was issued through eReleases(TM).

fruits veal

See attached tables
for further details, including reconciliation of non-GAAP financial
measures. Berger - Executive Vice President for Global
Foodservice;

-- Joseph Jimenez - Executive Vice President for Europe;

-- David C.7 million, or $2.
(Comments on the fiscal year that follow refer to results from
continuing operations, excluding special items.

HEINZ U.
Operating income increased 4.
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. Heinz's 50 companies have number -one
or number-two brands in 200 countries, showcased by Heinz(R) Ketchup,
the World's Favorite Ketchup(TM).10 $ 2.4 $820.8 0.3 $1,371."
The US Department of Defense recognized the need for kosher for Passover
MREs (meals ready to eat) for Jewish troops and turned to Labriute to supply
and assemble Passover meal kits, which include Labriute entrees complemented
by matzos , coffee, tea, dried fruits, nuts, canned salmon, and macaroons.
Riki Epstien, Labriute's Director of Sales, said, "The kosher buying
public benefits from this order as well. Because we ourselves
live this lifestyle, we've designed the products to be maximally beneficial to
all who do, as well.

vegetables latin

58 per diluted share, for its fourth quarter ended
April 27, 2005.0 million after-tax)
recorded in the fourth quarter related to the anticipated disposition
of the HAK(R) vegetable product line in Northern Europe early in
Fiscal 2006 and $73. Johnson added: "We have initiated a strategic review of our
international portfolio and our global organizational structure.4%.4% increase over earnings of $2.
Operating income decreased 6.4%.m. These forward-looking statements
reflect management 's view of future events and financial performance. 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. 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 and roasted potatoes, Boston Market(R) and SmartOnes(R)
meals, and Plasmon(R) baby food.heinz.0 0.J.3 $3,206.34
========= ========= ========= ======= ======


Fiscal Year Ended April 28, 2004
------------------------------- -------------

Net Gross Operating Per
Sales Profit Income Income Share
-------- - --------- --------- ------- ------
Reported results from
continuing operations $8,414.9 $2.J.

Dept. of Defense Says Yes to Labriute's Kosher for Passover Meals

Y." Labriute's retail
line is available in most kosher markets and many supermarkets across the
country. Because our meals are
certified by leading kosher authorities, both Muslims and Jews can consume our
meals with absolute confidence that they've been prepared according to the
strictest standards./Labriute Meals Inc.

vegetarian vichyssoise

For the 4th quarter, Heinz's reported EPS was $0.

Sales increased 5% and operating income , excluding special
items, increased 9. The
fourth quarter diluted earnings per share from continuing operations,
excluding special items of $0. We continue to drive very strong Operating Free Cash Flow
through significant reductions in the cash conversion cycle and
disciplined capital processes. EPS is expected to be in
the range of $2. Moran - Senior Vice President and President for
Consumer Products;

-- The Executive Vice President for Asia/Pacific, to be named
later;

-- Arthur B. Heinz Company, offering "Good Food Every
Day(TM)," is one of the world's leading marketers and producers of
branded foods in ketchup, condiments, sauces, meals, soups, seafood,
snacks , and infant foods.00 (0.05
--------- ------- --------- ------- ------
Results from continuing
operations excluding
special items $2,448.7 $369. Many are not set up with kosher food services for
the public. Hospitals and other long-term care facilities like
Labriute's new Sizzling Cuisine line, which features kosher shelf-stable
microwaveable entrees.labriutemeals.

latin chilled

S.

For the full fiscal year, Heinz reported EPS was $2.6% increase over earnings of
$0.
For the full year, EPS from continuing operations, excluding
special items was $2.
The special items in fiscal year 2005 are comprised of non-cash asset
impairment charges of $27.8 million recorded in the third quarter primarily
related to Heinz's investment in The Hain Celestial Group, Inc.
The company continued to generate impressive Operating Free Cash
Flow, posting $545 million in the fourth quarter and $920 million for
the fiscal year. The company has set a target for Operating Free
Cash Flow of $900 million to $1 billion.S.7% due to significant growth in
Ore -Ida(R) frozen potatoes and SmartOnes(R) frozen entrees.6%, despite higher commodity and
fuel costs , driven by favorable sales volume and higher net pricing. Foodservice segment increased 5.K.
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 , the ability to
execute and the success of acquisitions, joint ventures, divestitures
and other strategic initiatives, 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.08 $ 2. The following table provides
a reconciliation of the company's reported results from continuing
operations to the results excluding special items for the fiscal years
ended April 27, 2005 and April 28, 2004:

Fiscal year Ended April 27, 2005
--------------------------------------------

Net Gross Operating Per
Sales Profit Income Income Share
--------- --------- --------- ------- ------
Reported results from
continuing operations $8,912.03
Gain on sale of the
Northern European
bakery business - - (28., New Jersey-based Labriute Meals
announced today the release of two new self-heating meal products which are
100 percent kosher for Passover.com.

fruits vegetables

4% growth in the fourth
quarter.
Volume was primarily driven by the success of the company's U.5%
decrease versus the earnings of $2.9%, to $8. The
favorable volume impact was due primarily to strong increases in the
North American Consumer Products and U.
Operating income decreased 7.08
=========== =========== =========== ===========

Note: Fiscal 2005 and 2004 include special items.)

H.

vietnamese fruits

63 versus $0.34, up 6.0%, reflecting a
1.6%, with a 50 -basis-point improvement in
gross profit margin, as increased commodity and fuel costs were more
than offset by favorable volume, mix and pricing.2% versus Fiscal 2004. The
divestiture of a Korean oils and fats product line reduced sales 1. It will be hosted by William R.01) 0. Foodservice 405,283 371,648 1,503,818 1,428,641
Europe 959,032 950,482 3 ,447,299 3,287,737
Asia/Pacific 344,751 331,895 1,307,675 1,258,556
Other Operating
Entities 116,362 106,823 396,643 374,667
----------- ----------- ----------- -----------
Consolidated Totals $2,448,492 $2,331 ,372 $8,912,297 $8,414,538
=========== =========== =========== ===========

Intersegment revenues:
North American
Consumer Products $ 13,278 $ 12,950 $ 51,742 $ 55,379
U.5 $847.58
Asset impairment charge
for HAK vegetable
product line - 27.0 4.

About Labriute Meals
Euro-Cut Inc.

valentine vichyssoise

6%.

5% increase versus the fourth
quarter of Fiscal 2004 on a fully reported, total company basis.
consumer products and foodservice businesses, including Ore-Ida(R)
frozen potatoes, Delimex(R), Bagel Bites (R), TGI Friday's(R) frozen
snacks, Heinz(R) ketchup and frozen soup, as well as the Latin
America , Australia and New Zealand businesses behind a number of new
product launches.6% for the fourth quarter , reflecting
the operating income improvement along with a reduced effective tax
rate offset partially by increased interest costs and currency losses.45, as anticipated strong operating results
are expected to be partially offset by increases in interest costs and
a higher tax rate. All will be based in
Pittsburgh.
Gross profit increased 4. Sales volume
increased sales 2.56 $ 2.05 0. 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.4 $1,354. 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. Company president Abe Halberstam said,
"We've worked toward this for the last four years. Many of our customers
requested it, but it was the US military that made it happen.labriutemeals. 16
Email: riki@labriutemeals.

balsamic condiments

)
Overall, Heinz's fourth-quarter sales increased 5.S.

FISCAL 2006 OUTLOOK

Looking forward to Fiscal 2006, Heinz is targeting 4-6% sales
growth and 7-10% growth in operating income.
Some of the brands involved in the strategic review will include:
John West(R), Weight Watchers from Heinz(R), Linda McCartney(R), Aunt
Bessie 's(R) in the United Kingdom; Petit Navire(R) and Parmentier(R)
canned fish in France; Tegel(R) poultry products in New Zealand; Marie
Elisabeth(R) seafood in Portugal and Mareblu(R) seafood in Italy.

Reporting to the Office of the Chairman will be a Presidents
Council, comprised of the heads of the company's largest business
units.91 billion. The company's effective tax rate,
excluding special items, was 28.3%.0% primarily due to
market price pressures on Tegel(R) poultry.05
--------- --------- --------- ------- ------

Results from continuing
operations excluding
special items $8,912.1 11.0 0." The US Postal Service is actually handling
the shipments for an on-time arrival. Labriute is a welcome alternative for family members that may be
tending to a sick relative.

vegetarian meat

08
versus $2.
The company's effective tax rate , excluding special items, was 27.08 per share represents a 5.4% in Fiscal 2005, as the operating income
improvement along with the reduced effective tax rate were partially
offset by increased interest costs.6% for Fiscal 2005 versus 33.S.S.

EUROPE

Heinz Europe's sales increased 4.3%, due primarily to reduced pricing
in Tegel.21
Discontinued
operations 0.59 $ 0. 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.1 $223.9 $0.0 27.com
Web: http://www.

vegetarian fruit

5%
from $0.63, is an 8."

FOURTH QUARTER FISCAL 2005 RESULTS

(Comments on the fourth quarter that follow refer to results from
continuing operations, excluding special items. 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.35 to $2.

STRATEGIC REVIEW

Heinz has announced its intentions to sell the HAK(R) line of
prepared vegetables in Northern Europe and has commenced a strategic
review of its seafood and frozen businesses in Europe and its Tegel(R)
poultry businesses in New Zealand . This is in line with the company's
strategic focus on its core categories: Ketchup, Condiments and
Sauces; Foodservice; Infant Nutrition; and Quick Serve Meals and
Snacks.
The Office of the Chairman will be comprised of the four
senior-most executives responsible for operations globally , and the
heads of three global corporate functions. The members, in addition to William R.2%, principally due to the restage of
Heinz's Italian infant nutrition business, a $34.3%. Operating income
increased 0.7%,
largely due to reduced trade spending and decreased product placement
fees on SmartOnes (R) frozen entrees and Ore-Ida(R) potatoes, as well
as increases related to Classico(R) pasta sauces and Heinz(R) ketchup. The acquisition of a
controlling interest in Shanghai LongFong Foods, a maker of popular
frozen Chinese snacks and desserts, increased sales 2.heinz.S. Foodservice 58 ,102 51,221 224,784 215,029
Europe 169,473 161,072 577,561 615,403
Asia/Pacific 27,868 34,161 135,588 146,190
Other Operating
Entities 9,664 8,750 34,739 30,934
Non-Operating (31,982) (36,444) (121,298) (115,424)
----------- ----------- -- --------- -----------
Consolidated Totals $ 369,148 $ 337,452 $1,381,818 $1,371,585
=========== =========== =========== ===========

The company's revenues are generated via the sale of products in the
following categories:

Ketchup, Condiments
and Sauces $ 877,580 $ 818,465 $3,234,229 $3,047,662
Frozen Foods 610 ,306 545,148 2,209,586 1,947,777
Convenience Meals 558,953 525,260 2,005,468 1,874,272
Infant Feeding 253,739 278,700 855,558 908,469
Other 147,914 163,799 607,456 636,358
----------- --- -------- ----------- -----------
Total $2,448,492 $2,331,372 $8,912,297 $8,414 ,538
=========== =========== =========== ===========


H.J.2 $0.6 0.3) (0."
A Department of Defense representative expressed satisfaction with the
quality, pricing, and delivery schedule of Labriute's kosher for Passover
meals and indicated interest to better food service needs for kosher-consuming
troops worldwide.

meat vichyssoise

55 last year. We are particularly pleased
with our volume and sales momentum, especially in North America and
the Pacific , and expect this trend to continue into Fiscal 2006, given
the healthy consumption data that we are seeing in our core
businesses. This
strategic review follows the successful transformation of our North
American businesses, and we expect, as a result, that Heinz will
become a faster-growing , even more focused company. The price declines in the Italian infant nutrition
business include an additional $13. and jarred vegetables in Northern Europe.1%, due to lower pricing as discussed
above , increased commodity and production costs, particularly in the
European seafood and the U. Winkleblack , Executive Vice President and
Chief Financial Officer; David C.

ABOUT HEINZ: H.J.59 $ 0.63
========= ======= ========= ======= ======


Fourth Quarter Ended April 28, 2004
---------- --------------------------------

Net Gross Operating Per
Sales Profit Income Income Share
--------- ------- --------- ------- ------
Reported results from
continuing operations $2,331.K.5 $3,092. Heinz Company and Subsidiaries
Non-GAAP Performance Ratios

The company reports its financial results in accordance with generally
accepted accounting principles ("GAAP")./Labriute Meals Inc.

pasta latin

13 versus
$2. In addition, the company
continued to reduce net debt (total debt less cash and cash
equivalents, short-term investments and the value of interest rate
swaps), with a reduction of $244 million in Fiscal 2005 versus 2004. We achieved strong results in sales,
volume, cash flow, and EPS in Fiscal 2005. were partially offset by lower
pricing in the Italian infant nutrition and Tegel(R) poultry
businesses. Operating income
increased 9. EPS increased 8.K.
consumer products and foodservice businesses.9%, due to growth in Heinz(R) ketchup, strong
performance on Truesoups(R) frozen soup and growth in custom recipe
tomato products . The
increase in G+A is largely due to increased pension costs, litigation
costs and professional fees for various projects across Europe. Volume increased sales
0.

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. 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. J.55 $ 2.285 $ 0 .27 $ 1.7 $325.4 $0.8 $827.20
Write-down of U.01
Reorganization costs - - 17.
Labriute's two new kosher for Passover meals, which consist of Bone-In Chicken
with Diced Potatoes and Beef Stew with Vegetables, employ the same patented
self-heating technology manufactured by Truetech as their regular kosher meals
and are based on the same field technology used by the Armed Services.

beef cuisine

Heinz Reports Full-Year Fiscal 2005 EPS from Continuing Operations of $2 .34 up 6.4% Excluding Special Items and Operating Free Cash Flow of $920 Million

Excluding special items, EPS from
continuing operations was $0.58 per share in the prior year. Johnson said: "I am pleased to report
that we achieved many of our critical objectives in Fiscal 2005 and,
most importantly, enhanced the fundamentals of the company by
continuing to strengthen our brands, improve our management team and
streamline our organization.9%. Lower
pricing decreased sales by 0.
EPS increased 6.
Operating income increased 10.3%.S.58
========= ======= ========= ======= ======


(Note: Totals may not add due to rounding.6 $2.5 $3,088. We planned a limited overrun of the
two entrees to accommodate retail consumers.com) have
increased steadily in the last year. is based in Lakewood, NJ and specializes
in the preparation, packaging, and sales of kosher ready-to-eat meals that are
self-heating, using a technology similar to that employed by military MREs.

vinegar beef

H.
Gross profit increased 6. Winkleblack, Executive Vice President and Chief
Financial Officer;

-- Theodore N. Sales were
favorably impacted by volume growth of 1 .
convenience meals.S.5%.58 $ 0.56 $ 2.
(Totals may not add due to rounding)

H.0 27.56
Reorganization costs - - 11. Company Ships Two New Self-Heating Entrees to Bases in Iraq and Afghanistan

BROOKLYN, N. Says
Halberstam , "We've just shipped the orders to arrive in Iraq, Afghanistan and
other bases in time for Passover . They'll really appreciate the
ease and convenience of the products. This is especially true when families
are traveling or on outings during the Passover season.

Media Contact:

Riki Epstien
Tel: (732) 905-1555 ext.

pasta beef

Business Editors

PITTSBURGH----H.20 in the prior year. Johnson, are:

-- Jeffrey P. These price decreases
were partially offset by favorable pricing in the North American
Consumer Products and U.56 $ 2.8 0.0 18. Labriute 's online orders (http://www.
There are other institutional uses for the new Labriute meals, as well as
for their complete general line. Federal emergency services ordered significant lots of
Labriute product to provide food relief in the aftermath of Hurricanes Katrina
and Rita.

pasta vegan

Heinz Company (NYSE:HNZ) today reported net income of $206.
Commenting on the company's performance, Heinz 's Chairman,
President and CEO William R. Sales of our top 15 power brands grew by a robust 7.1% and
finished the year even stronger with 8.5% volume improvement and the favorable impact of foreign exchange. Bobby, Senior Vice President and General Counsel;

-- D. Volume was essentially
flat , as increases in Heinz(R) ketchup, resulting from the successful
introduction of the Top Down bottle , and increases in Heinz(R)
ready-to-serve soups were offset by declines in European seafood,
frozen entrees in the U.
Lower pricing decreased sales 1. Heinz satisfies hungry consumers in every
outlet , from supermarkets to restaurants to convenience stores and
kiosks. Information on Heinz is available at
www.05 0.58 $ 0.15 $ 2. Heinz Company and Subsidiaries
Segment Data

Fourth Quarter Ended Fiscal Year Ended
----------------------- -----------------------
April 27, April 28, April 27, April 28,
2005 2004 2005 2004
FY2005 FY2004 FY2005 FY2004
----------- ----------- ----------- -----------
Net external sales:
North American
Consumer Products $ 623,064 $ 570,524 $2,256,862 $2,064,937
U.2 $0.21
Asset impairment charge
for HAK vegetable
product line - 27.0 0." Halberstam believes that Labriute's expansion into
prisons and jails will provide bottom-line savings through reducing
electricity, personnel, and logistical costs.
Epstien notes that "the average person can't imagine the culinary
challenge Passover presents to someone who keeps kosher.

holidays soups

Heinz Company
(NYSE:HNZ ):

Heinz announces strategic review of key businesses and
formation of Office of the Chairman.58 in the year-ago
4th quarter, an increase of 8.7% in the prior year. Edward I .
The Office of the Chairman and the Presidents Council will enhance
global communications and coordination, and facilitate a process to
simplify and de-layer regional overhead.05 per share and $0. Excluding special items, the current year fully diluted EPS was
$2. 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 gross profit margin declined by 50
basis-points, due to increased commodity and fuel costs, lower pricing
as discussed above, and increased production costs in the European
seafood business, partially offset by cost improvements in the U. The increase in SG+A is
primarily due to exchange translation rates , higher fuel costs,
employee-related and litigation expenses and professional fees related
to various projects across the company, including costs associated
with compliance with Section 404 of Sarbanes-Oxley.3%.5%.8%, primarily due to the restage of
the Italian infant nutrition business , the trade spending charge in
the Italian infant nutrition business and increased promotional
activity in the Netherlands. businesses, and increased G+A.
The call is available live via conference call at 1-866-215-1938
(listen only).com/news

H.27
=========== =========== =========== ===========
Average common shares
outstanding - diluted 353,450 354,372 353,450 354,372
=========== =========== =========== ===========
Income per common
share - Basic
Continuing
operations $ 0.00 (0. Foodservice 58,102 49,821 224,784 211,129
Europe 142,497 160,027 550,585 639,157
Asia/Pacific 27,868 34,161 135 ,588 146,190
Other Operating
Entities 9,664 7,750 34,739 29,934
Non-Operating (31,982) (40,844) (121,298) (121,282)
----------- ----------- ----------- -----------
Consolidated Totals $ 342,172 $ 325 ,779 $1,354,842 $1,379,257
=========== =========== =========== ===========

Operating income (loss)
excluding special items:
North American
Consumer Products $ 136,023 $ 118,692 $ 530,444 $ 479,453
U.S.8 $198.4 $820. pizza
crust assets - 4. For more information,
visit http://www.ereleases.

vegetarian condiments

From continuing operations , EPS was $2.

OFFICE OF THE CHAIRMAN

Heinz has announced the formation of a new Office of the Chairman
to provide a stronger focus on growth and innovation and to better
leverage the global power of Heinz.1 million charge for
prior-year trade spending for the Italian infant nutrition business,
and market price pressures impacting the Tegel(R) poultry business in
New Zealand and the trade in Northern Europe.7%, as the increase in gross profit was offset by
increased SG+A expenses in the current year.0% in the
prior year. Favorable exchange
translation rates increased sales by 4.

MEETING WITH SECURITIES ANALYSTS - INTERNET BROADCASTS

Heinz will host a conference call with security analysts today at
8:30 a. The call will be webcast live on
www.com and will be archived for playback beginning at 2 p. Johnson, Chairman,
President + CEO; Arthur B.20
Discontinued
operations 0.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.3 $1,379. The following table provides
the calculation of those non-GAAP performance ratios discussed in the
company's press release dated May 26, 2005:

Net Debt Calculation
(amounts in thousands) April 27, April 28,
2005 2004
FY 2005 FY 2004
----------- -----------

Short-term debt $ 28,471 $ 11,434
Long-term debt,
including current
portion 4,666,782 4,962,996
----------- -----------
Total debt 4,695,253 4,974,430

Less:
Value of
interest rate
swaps (186,086) (125,324)
Cash and cash
equivalents (1,083,749) (1,140 ,039)
Short-term
investments - (40,000)
----------- -----------

Net Debt $3,425,418 $3,669,067
=========== ===========


Operating Free Cash
Flow Calculation
(amounts in thousands ) Fourth Quarter Ended Fiscal Year Ended
----------------------- --- --------------------
April 27, April 28, April 27, April 28,
2005 2004 2005 2004
FY 2005 FY 2004 FY 2005 FY 2004
----------- ----------- ----------- -- ---------
Cash provided by
operating
activities $ 654,647 $ 431,954 $1 ,160,793 $1,249,007
Capital expenditures (109,647) (112,144) (240,671) (231,961)

----------- ----------- ----------- -----------
Operating Free
Cash Flow $ 545,000 $ 319,810 $ 920,122 $1,017,046
=========== =========== =========== ===========

soups vegetarian

J.5
million, or $0.0 million pre-tax ($18.07 per share , respectively.6%, primarily a result of higher volume
and favorable foreign exchange.5%, primarily due to favorable volume
and pricing, partly offset by increases in commodity costs and
increased S+D, which reflects a substantial increase in fuel and
trucking costs.07
----------- ----------- ----------- -----------
Net Income $ 0.7 $342.7 7. Says Halberstam, "Federal and State
correctional facilities now have a simple solution to serving the ethnic and
religious dietary needs of certain populations.
The company currently offers nine entrees, including meat and dairy dishes as
well as pareve meals.
520 James Street, Unit 1C
Lakewood, NJ 08701
Tel: (732) 905-1555
Toll-Free: 866-I-EAT-LABRIUTE (432 -8522)
Fax: (732) 905-5636
Email: abe@labriutemeals.

vegetable balsamic

J. Our outstanding free cash flow was also
accompanied by improved customer service and supply chain
efficiencies.
Net pricing increased sales 0.K. Smyth, Chief Administrative Officer and Senior
Vice President of Corporate and Government Affairs.20 per diluted share in the prior
year.S. Foodservice segments.

HIGHLIGHTS FOR FISCAL YEAR 2005

NORTH AMERICAN CONSUMER PRODUCTS

Sales of the North American Consumer Products segment increased
9. Strong
performance in Boston Market HomeStyle(R) meals and in the frozen
snack brands of Delimex(R), Bagel Bites(R) and TGI Friday's(R) also
contributed to the volume increase. Pricing increased sales 2. Higher pricing increased sales by 1. (Eastern Time).13 $ 2. Heinz Company and Subsidiaries
Special Items - Fiscal Years Ended April 27, 2005 and April 28, 2004

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.

balsamic vegetarian

58, up 5.4% for the 4th quarter, driven by strong
performances in the North American Consumer Products and U.6% as pricing improvements in North
American Consumer Products and the U. Current year
and prior year results include after-tax earnings from discontinued
operations of $0. Foodservice segments and in U. FOODSERVICE

Sales of the U.9%.01) 0.2 $205.5 $205.
Hospitals which serve the Jewish community have also warmed to the
Labriute shelf-stable meals.

vegetables vietnamese

We are going to
place our focus and resources on our big brands with number-one and
number-two market positions and in four large developing markets. These improvements were partially offset by volume
declines in Heinz Europe . Acquisitions, net of divestitures, increased sales
by 0. Lower pricing reduced sales 2.3%. Heinz Company and Subsidiaries
Consolidated Statements of Income
(In Thousands, Except per Share Amounts)

Fourth Quarter Ended Fiscal Year Ended
----------------------- -----------------------
April 27, April 28, April 27, April 28,
2005 2004 2005 2004
FY2005 FY2004 FY2005 FY2004
----------- ----------- ----------- -----------

Sales $2,448,492 $2,331,372 $8,912,297 $8,414,538
Cost of products sold 1,600,801 1,510,656 5,705 ,926 5,326,281
----------- ----------- ----------- -----------
Gross profit 847,691 820,716 3,206,371 3,088,257
Selling, general and
administrative
expenses 505,519 494,937 1,851,529 1,709,000
----------- ----------- ----------- -----------
Operating income 342,172 325,779 1 ,354,842 1,379,257

Interest income 7,598 7,411 27,776 23,312
Interest expense 61,605 51,572 232,431 211,826
Asset impairment
charges for cost and
equity investments - - 73,842 -
Other (expense )/
income, net (6,900) 12,827 (17,731) (22,192)

----------- ----------- ----------- -----------
Income from continuing
operations before
income taxes 281,265 294,445 1,058,614 1,168,551
Provision for income
taxes 76,078 96,061 322,792 389,618
---- ------- ----------- ----------- -----------
Income from continuing
operations 205 ,187 198,384 735,822 778,933
Income/(loss) from
discontinued
operations, net of
tax 1,300 (1,860) 16,877 25,340
----------- ----------- ----------- -----------
Net income $ 206,487 $ 196,524 $ 752,699 $ 804,273
=========== =========== =========== ===========
Income per common
share - Diluted
Continuing
operations $ 0.29
=========== =========== =========== ===========
Average common shares
outstanding - basic 350,042 351,810 350,042 351,810
=========== =========== =========== ===========
Cash dividends per
share $ 0. J. The following table provides
a reconciliation of the company's reported results from continuing
operations to the results excluding special items for the fourth
quarters ended April 27, 2005 and April 28, 2004:

Fourth Quarter Ended April 27, 2005
------------------------------------------

Net Gross Operating Per
Sales Profit Income Income Share
--------- ------- --------- ------- ------
Reported results from
continuing operations $2,448. 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.08
Asset impairment charges
for cost and
equity investments - - - 73.

vegetarian fruit

27 last year .4% and in-line with previous guidance.0 million trade spending charge
related to prior years. EPS
from continuing operations of $2.34 per share, a 6.20 per share last
year.)
Sales for Fiscal 2005 increased 5. Sales volume increased 5.9%. Favorable exchange
translation rates increased sales by 7.K.

ASIA PACIFIC

Sales in Asia/Pacific increased 3.5%, chiefly due to new product introductions in the frozen foods and
convenience meals categories in the Australia and New Zealand
businesses.07
----------- ----------- ----------- -----------
Net Income $ 0. Foodservice 5,839 4,932 22,550 15,310
Europe 3,707 3,292 17,328 13,644
Asia/Pacific 985 753 3,420 2,911
Other Operating
Entities 379 461 1,571 2,188
Non-Operating (24,188) (22,388) (96,611) (89,432)
----------- ----------- ----------- -----------
Consolidated Totals $ - $ - $ - $ -
=========== =========== =========== ===========

Operating income
(loss):
North American
Consumer Products $ 136 ,023 $ 114,864 $ 530,444 $ 474,129
U. Heinz Company and Subsidiaries
Special Items - Fourth Quarters Ended April 27, 2005 and
April 28, 2004

The company reports its financial results in accordance with generally
accepted accounting principles ("GAAP").8 $735.8) (13.

balsamic fruits

Foodservice segments. This represents a 5.

FULL-YEAR FISCAL 2005 RESULTS

Heinz reported net income for the year of $752.13
per diluted share, a decrease of 6.9%, at the top end of the
company's range, and foreign exchange translation rates of 3. These were partially offset by the discontinuation of an
Indonesian energy drink, declines in Tegel(R) poultry and sales
declines in China.m. Moran - Senior Vice President and
President for Consumer Products; and Jack Runkel, Vice President -
Investor Relations.0 18.7 $337.8 $2.3 $1,381 .3 $778.0 2.

vegetables vegan

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- - kjjkjk

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