Heinz profit beats estimates, margins fall
CHICAGO, Aug 23 (Reuters) – H.J. Heinz Co (HNZ.N: Quote, Profile, Research, Stock Buzz) reported
a quarterly profit on Tuesday that beat analysts expectations,
boosted by growth in emerging markets.
The company has focused its growth in emerging markets,
with recent acquisitions in China and Brazil, which has helped
it offset sluggish growth in developed markets such as the
United States where consumer confidence has hit its lowest
level since 1980.
Heinz profit beats estimates as emerging markets grow
CHICAGO (Reuters) – H.J. Heinz Co (HNZ.N: Quote, Profile, Research, Stock Buzz) reported quarterly profit on Tuesday that beat analysts expectations, boosted by growth in emerging markets.
The company has focused its growth in emerging markets, with recent acquisitions in China and Brazil, which has helped it offset sluggish growth in developed markets, including the United States. The company had 23 percent of its sales in emerging markets in the quarter.œ
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Saks, Wal-Mart show widening U.S. consumer split
CHICAGO, Aug 16 (Reuters) – At luxury department store
chain Saks Inc (SKS.N: Quote, Profile, Research, Stock Buzz), customers were buying more designer
suits at full price.
At Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), more customers were
shopping with food stamps.
Saks and Wal-Mart show widening consumer split
CHICAGO (Reuters) – At luxury department store chain Saks Inc (SKS.N: Quote, Profile, Research, Stock Buzz), customers were buying more designer suits at full price.
At Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), more customers were shopping with food stamps.
Wal-Mart U.S. sales still pressured in 2nd-quarter
CHICAGO, Aug 12 (Reuters) – Wal-Mart Stores Inc’s (WMT.N: Quote, Profile, Research, Stock Buzz)
earnings report next week should make it clear why the
discounter keeps looking to expand abroad. The view at home
still is pretty depressing.
The world’s largest retailer is expected to post a 0.6
percent decline in sales at its U.S. discount stores open at least
a year, according to Thomson Reuters data.


