Heinz Faces a Difficult Yearhttp://www.fool.com/investing/general/2012/05/31/heinz-faces-a-difficult-year.aspx Shubh Datta
May 31, 2012
Heinz's (NYSE: HNZ ) drive to grow its global productivity took its toll as the company's fourth-quarter profits dropped by 22%. On the brighter side, when you exclude these one-time charges, the company's adjusted profits rose by 8%. While Heinz did reduce its growth outlook in the face of tough economic conditions, the company also came out with plans to spend more to help drive its business forward.
The quarter at hand