About 25% of H.J. Heinz's ketchup and sauce sales came from emerging markets in fiscal 2012, generating record 21% of its total sales, company says in annual report
August 7, 2012
(Industry Intelligence Inc.)
– The Food Institute reported on Aug. 7 that according to its annual report released to the U.S. Securities and Exchange Commission (SEC), about 25% of H.J. Heinz Co’s ketchup and sauce sales are from emerging markets, generating a record 21% of its total sales in fiscal 2012.
That’s up from single digits a decade ago.
The company sold more than 1 billion packets of Dip & Squeeze foodservice packages in the U.S. during the fiscal year and is also building an innovation center in Europe that’s slated to open later in 2012.
Heinz is also planning to open a similar center in Asia in the coming years.
The primary source of this article is The Food Institute, Upper Saddle River, New Jersey, on Aug. 7, 2012.