Heinz Says It Is on Track to Meet Financial Goals
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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.
