PITTSBURGH—H.J. Heinz Company delivered record sales and profit and a sizeable increase in the dividend for fiscal 2009 despite a difficult global economic environment, reported Chairman, President and CEO William R. Johnson during the annual shareholder meeting Aug. 12.
The company reported record sales of more than $10.1 billion; record net income of $923 million, an increase of 9.2 percent from the prior year; earnings per share of $2.90, an increase of 10.3 percent; and operating free cash flow of $880 million.
According to Johnson, the company’s results reflected the strength of its sharply focused core categories of Ketchup and Sauces; Meals and Snacks; and Infant/Nutrition; which together generated about 96 percent of the company’s sales.