Heinz Profit Probably Beat Estimates on Sales Abroad
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H.J. Heinz Co., the world’s biggest ketchup maker, said it expects to report fiscal first-quarter profit of 75 cents a share, topping analysts’ projections as results were helped by sales in developing countries.
The preliminary figure for the period ended July 28 compares with the 73-cent average of analysts’ estimates compiled by Bloomberg. Sales excluding acquisitions and other items rose at least 3 percent, Heinz said in a statement today.