Advertisement

Also

Share

* H.J. Heinz Co. said first-quarter profit fell 11% because of higher marketing costs and expenses related to the spinoff of its tuna and pet food businesses. Net income dropped to $177.8 million, or 50 cents a share. Sales increased 6.1% to $2.2 billion.

* Neiman Marcus Group Inc. had a profit of $5.32 million in its fiscal fourth quarter on sales of more designer boots, women’s suits and turquoise jewelry at full price. Net income was 11 cents a share, compared with a loss of $20.6 million, or 44 cents, in the year-earlier period. Sales rose 4.8% to $666.4 million.

Advertisement