Heinz Overview
The H.J. Heinz Company is a global manufacturer of high-quality food products that are purchased and enjoyed by millions of consumers each year. Heinz also manufactures products for foodservice and institutional customers.
As one of the world’s premier food companies, Heinz has earned a strong reputation since 1869 for our focus on Quality, Integrity, Innovation and Food Safety.
Heinz delivered record annual sales of more than $10 billion, higher earnings per share and continued dividend growth in Fiscal Years 2008 and 2009. The strong two-year performance reflected superb execution of our growth plan, higher sales of the top brands in our core portfolio, dynamic growth in Emerging Markets and a strong performance by our North American Consumer Products business.
Our growth plan for Fiscal Years 2008 and 2009 had four strategic pillars:
- Grow the Core Portfolio
- Accelerate Growth in Emerging Markets
- Strengthen and Leverage Our Global Scale
- Make Talent an Advantage
Heinz manufactures, markets and sells branded products in three sharply focused core categories: Ketchup and Sauces; Meals and Snacks; and Infant/Nutrition. Our global portfolio is led by our top brands that generate about 70% of our total sales.
Our global portfolio includes a growing focus on products for healthy lifestyles, including varieties with reduced sodium, fat and sugar and our popular Weight Watchers® Smart Ones® and Weight Watchers® from Heinz® product lines.
The majority of the Company’s sales and profit in Fiscal Years 2008 and 2009 were generated outside the United States, reflecting the global growth of Heinz. Of the Company’s total annual sales, Heinz North American Consumer Products and U.S. Foodservice segments generated 45% in Fiscal 2008 and 46% in Fiscal 2009 on a combined basis, while Europe generated 35% and 34%, respectively.
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