Heinz has shrugged off high commodity costs and reported an 8% increase in third-quarter profits thanks to rising sales across its key regions.
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The US food giant booked operating income of US$406m for the three months to 31 January. Net sales were up 14% to US$2.6bn.
“We continue to succeed by driving consumer-validated innovation and investing in top-line growth,” said Heinz chairman, president and CEO William Johnson.
US sales rose 3.8% due to frozen dessert and soup sales, although higher energy and commodity costs hit profits in the market.
In Europe, Heinz posted sales and operating income growth of 13.5% and 8.2% respectively.
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By GlobalDataIn Asia-Pacific, Heinz saw its operating income jump 38.2% on the back of a 27.4% rise in sales.
