Shares of H.J. Heinz (HNZ) ended the trading week near its all-time highs. The company known from its namebrand ketchup, sauces, soups and other food products reported its second quarter results for its fiscal 2013 on Tuesday.
Second Quarter Results
Heinz reported second quarter revenues of $2.83 billion, up 0.5% on the year before. Sales were driven by organic sales growth of 3.3%, on a 1.9% increase in prices and 1.4% volume growth. Sales were offset by a 2.4% currency headwind, and divestitures reduced sales by 0.4%.
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