-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B6W0ALiHYIC3Qkwouyt6XgM60qcTRWr8KNX3SjtfcKM81meAR3pdlIVDoqY7NY8C vmKNOuZdp9Ncb4J9nTbOEA== 0001157523-07-008439.txt : 20070815 0001157523-07-008439.hdr.sgml : 20070815 20070815113529 ACCESSION NUMBER: 0001157523-07-008439 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070815 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070815 DATE AS OF CHANGE: 20070815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEINZ H J CO CENTRAL INDEX KEY: 0000046640 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 250542520 STATE OF INCORPORATION: PA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03385 FILM NUMBER: 071058511 BUSINESS ADDRESS: STREET 1: 600 GRANT ST CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 4124565700 MAIL ADDRESS: STREET 1: P O BOX 57 STREET 2: P O BOX 57 CITY: PITTSBURGH STATE: PA ZIP: 15230 8-K 1 a5472558.txt H. J. HEINZ COMPANY 8-K ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): August 15, 2007 H. J. HEINZ COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 1-3385 25-0542520 (State of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 600 Grant Street, Pittsburgh, 15219 Pennsylvania (Zip Code) (Address of principal executive offices) 412-456-5700 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ GENERAL ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION Attached is H.J. Heinz Company's press release dated August 15, 2007 furnished herewith as Exhibit 99.1. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit Number (Referenced to Item 601 of Regulation S-K) Description of Exhibit - --------------- ---------------------- 99.1 H.J. Heinz Company Press Release dated August 15, 2007 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. H.J. HEINZ COMPANY By /s/ Arthur Winkleblack ---------------------------------- Arthur Winkleblack Executive Vice President and Chief Financial Officer Dated: August 15, 2007 EXHIBIT INDEX Exhibit NO. Description - ----------- ----------- 99.1 H. J. Heinz Company Press Release dated August 15, 2007 EX-99.1 2 a5472558ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 Heinz Expects Strong First Quarter Results with Sales Growth of Approximately 9%, Operating Income Growth of Approximately 14% and EPS of $0.62 to $0.63, an Increase of 7% to 9% PITTSBURGH--(BUSINESS WIRE)--Aug. 15, 2007--H. J. Heinz Company (NYSE:HNZ) in a pre-earnings announcement before its annual shareholders meeting said that it expects to report strong first quarter results on August 24, 2007, including sales growth of approximately 9%, operating income growth of approximately 14% and EPS of $0.62 to $0.63. Heinz expects organic sales growth (volume plus price) in Q1 of more than 5% across its global businesses including double-digit organic sales growth of the Company's Ketchup, Beans and Soup brands. The accelerated revenue growth reflects the launch of new, innovative and healthy products and an approximately 25% increase in consumer marketing in the quarter. The Company's anticipated 14% operating income growth reflects both strong sales and productivity improvements. Heinz's broad international portfolio performed extremely well and was further enhanced by foreign exchange in the quarter which helped offset higher commodity costs. The expected higher EPS in the quarter will be driven by strong double-digit operating income growth and a tax rate which is expected to be between last year's rate of 20.3%, and this year's full-year average of 31% to 32%. As a result of the fast start to the fiscal year, Heinz now expects its full-year results to be near the top of the Company's previously announced FY2008 earnings range of $2.54-$2.60, a growth rate of 8% to 9%. SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified by the words "will," "expects," "anticipates," "believes," "estimates" or similar expressions and include our expectations as to future revenue growth, earnings, capital expenditures and other spending, as well as anticipated reductions in spending. These forward-looking statements reflect management's view of future events and financial performance. These statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond Heinz's control, and could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ from such statements include, but are not limited to: -- sales, earnings, and volume growth, -- general economic, political, and industry conditions, -- competitive conditions, which affect, among other things, customer preferences and the pricing of products, production, energy and raw material costs, -- the availability of raw materials and packaging, -- the ability to identify and anticipate and respond through innovation to consumer trends, -- the need for product recalls, -- the ability to maintain favorable supplier relationships, -- currency valuations and interest rate fluctuations, -- changes in credit ratings, -- the ability to identify and complete and the timing, pricing and success of acquisitions, joint ventures, divestitures and other strategic initiatives, -- approval of acquisitions and divestitures by competition authorities, and satisfaction of other legal requirements, -- the ability to successfully complete cost reduction programs, -- the ability to effectively integrate acquired businesses, new product and packaging innovations, -- product mix, -- the effectiveness of advertising, marketing, and promotional programs, -- supply chain efficiency, -- cash flow initiatives, -- risks inherent in litigation, including tax litigation, and international operations, particularly the performance of business in hyperinflationary environments, -- changes in estimates in critical accounting judgments and changes in laws and regulations, including tax laws, -- the success of tax planning strategies, -- the possibility of increased pension expense and contributions and other people-related costs, -- the potential adverse impact of natural disasters, such as flooding and crop failures, -- the ability to implement new information systems; and -- other factors described in "Risk Factors" and "Cautionary Statement Relevant to Forward-Looking Information" in the Company's Form 10-K for the fiscal year ended May 2, 2007. The forward-looking statements are and will be based on management's then current views and assumptions regarding future events and speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the securities laws. ABOUT HEINZ: H. J. Heinz Company, offering "Good Food Every Day"(TM) is one of the world's leading marketers and producers of nutritious foods in ketchup, condiments, sauces, meals, soups, snacks and infant foods. Heinz provides superior quality, taste and nutrition to people eating at home, at restaurants, at the office and "on-the-go." Heinz is a global family of leading branded products, including Heinz(R) ketchup, sauces, soups, beans, pasta and infant foods (representing over one third of Heinz's total sales), Ore-Ida(R) potato products, Weight Watchers(R) Smart Ones(R) entrees, Boston Market(R) meals, T.G.I. Friday's(R) snacks, and Plasmon infant nutrition. Heinz has number-one or number-two brands on five continents, showcased by Heinz(R) ketchup, The World's Favorite Ketchup(R). Information on Heinz is available at www.heinz.com. CONTACT: H. J. Heinz Company Media: Ted Smyth, 412-456-5780 Michael Mullen, 412-456-5751 Michael.mullen@us.hjheinz.com or Investors: Margaret Nollen, 412-456-1048 -----END PRIVACY-ENHANCED MESSAGE-----