Two Quarterly Reports from the Food Sector: Heinz and J.M. Smucker

Filed under: Earnings Reports, General Mills (GIS), Kraft Foods'A' (KFT)

This afternoon, I'm going to take a look at earnings releases from two companies in the food industry. One is a maker of a very famous ketchup product, and the other is instrumental in supplying consumers with the tools they need to put together a delicious peanut-butter-and-jelly sandwich.

Let's start with the company responsible for the crimson condiment. H.J. Heinz Company (HNZ) delivered one heck of a report. The summary (of continuing operations), proudly trumpeted at the top of the Q3 release, is indicative of a business hitting on many, if not all, cylinders. Sales grew nearly 13%. Emerging markets were robust. Earnings came in at 83 cents per share, which was 9% higher than the comparable period's bottom line.

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Two Quarterly Reports from the Food Sector: Heinz and J.M. Smucker originally appeared on BloggingStocks on Thu, 25 Feb 2010 17:30:00 EST. Please see our terms for use of feeds.

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