Thursday, May 31, 2007

Heinz posts higher profit, raises forecast

(Reuters) - The results matched the analysts' average forecast compiled by Reuters Estimates.




Net quarterly sales rose 0.6 percent to $2.4 billion. However, sales rose 4.4 percent for the company's top 15 brands, which account for 70 percent of total revenue and also include Boston Market frozen entrees and Classico pasta sauces.


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