More on Heinz (HNZ +1.3%) FQ1: net profit +14% to $258.03M, boosted by increased prices, a...

|By:, SA News Editor

More on Heinz (HNZ +1.3%) FQ1: net profit +14% to $258.03M, boosted by increased prices, a favorable tax rate, better performances in the U.S. and Australia, and emerging-market growth. Falling sales reflect unfavorable impact of 5.6% from forex rates. Affirms guidance for FY 2013 EPS of $3.52-$3.62 vs. consensus of $3.51, and organic sales of +4%.