H.J. Heinz Company
Industry: Food Processing

H.J. Heinz Company manufactures and markets an extensive line of processed food products throughout the world. The Company's principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, tuna and other seafood products, infant food and other processed food products. Its products are sold to chain, wholesale, cooperative and independent grocery accounts, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants and certain government agencies.

Business Summary
H. J. Heinz Company manufactures and markets a line of processed food products throughout the world. The Company's principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, tuna and other seafood products, infant food and other processed food products. Its products are prepared from recipes developed in the Company's research laboratories and experimental kitchens. H. J. Heinz Company segments are organized by geographical area. The Company operates in five segments: North American Consumer Products, U.S. Foodservice, Europe, Asia/Pacific and Other Operating Entities. Its products are sold through its own sales force and through independent brokers, agents and distributors to chain, wholesale, co-operative and independent grocery accounts, convenience stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants, hospitals, health-care facilities and government agencies.

Financial Summary
HNZ and its subsidiaries manufacture and market an extensive line of processed food products throughout the world, including ketchup/sauces, pet food, baby food, frozen potato products, and low calorie products. For the 13 weeks ended 7/27/05, revenues increased 5% to $2.11B. Net income applicable to Common fell 19% to $157.3M. Revenues reflect volume increases. Earnings were offset by reorganization charges.