|
|
Article: Weight Watchers contribution to Heinz exceeds $100 million annually: O'Reilly. (H.J. Heinz Co., Anthony J.F. O'Reilly) (includes related article on diet frozen foods)
- Article from:
- Quick Frozen Foods International
- Article date:
- April 1, 1989
CopyrightCOPYRIGHT 1989 E.W. Williams Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Weight Watchers Contribution to Heinz Exceeds $100 Million Annually: O'Reilly
The Weight Watchers line has become H.J. Heinz Company's second-largest brand, surpassed in sales dollars only by the Heinz label itself, reported Chairman Anthony J.F. O'Reilly.
"Weight Watchers brand sales explanded 20% in the past year, and we plan to continue or to exceed this growth rate worldwide over our next five-year business cycle," he said.
The Pittsburgh, Pa., U.S.A.-based outfit's overall growth is reflected in its five-year compound rate of 7%. Sales topped $5.2 billion in fiscal 1988. During the same period, net income rose by 12.5% to more than $386 ...