Heinz 2nd-Quarter Profit Jumps 22 Percent
By THE ASSOCIATED PRESS
Published: November 21, 2008
Filed at 10:34 a.m. ET
MILWAUKEE (AP) -- Foodmaker H.J. Heinz Co. said Friday that strong sales of products such as Ore-Ida frozen potatoes and frozen meals boosted fiscal second-quarter profit by 22 percent as cash-strapped consumers cooked more meals at home. (...)
Really??? Shouldn't one buy raw ingredients and cook from scratch if one is really cash-strapped instead of buying frozen meals and processed potatoes and then (apparently) drenching the whole concoction with ketchup? (No, ketchup ain't no vegetable...)
Ketchup sales grew 12 percent, helped by new packaging formats in Europe and higher prices. (...)
Sales grew due to higher prices...Right...
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