Week 4 in the Food Industry

• FEBRUARY 17, 2010, 7:17 P.M. ET
Heinz Sees More Coupon Clipping
BY ILAN BRAT
H.J. Heinz Co. Chief Executive William Johnson said Wednesday that consumers have settled into a money-saving mind-set, including using coupons substantially more than in the past and preparing more meals at home.
He said the behavioral changes, particularly prominent among families with children, would benefit Heinz and other packaged-food makers.

I think they are right. I know I have been making more meals at home.


http://www.marketwatch.com/story/heinz-raises-outlook-for-2010-2010-02-17?siteid=yhoof2
Feb. 17, 2010, 5:37 p.m. EST •
Heinz raises outlook for 2010
on Wednesday raised its earnings outlook for 2010 to a range of $2.82 to $2.85 a share, thanks to "dynamic growth in emerging markets." For the third quarter, the ketchup giant said it expects to report a profit of 82 cents a share. Analysts polled by FactSet Research previously forecast a profit, on average, of 72 cents a share for the quarter and $2.82 for the year