Heinz Says It Is on Track to Meet Financial Goals
From the Associated Press
H.J. Heinz Co. told investors that it would meet its financial goals for 2006 and that it expected further growth next year after a successful restructuring effort.
The Pittsburgh-based food maker forecast 2006 earnings of as much as $2.16 a share and 2007 growth per share of 8%.
The guidance came amid mounting pressure from a group led by billionaire investor Nelson Peltz, who wants to force Heinz to more aggressively manage its cash.
