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Wednesday, April 7, 2010 as of 11:14 AM ET

Weight Watchers

Weight Watchers is an international company that offers various dieting products and services to assist weight loss and maintenance.

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HJ Heinz 4Q Net Falls 22% On Charges, Sales Miss Views

H.

J. Heinz Co.'s (HNZ) fiscal fourth-quarter earnings fell 22%, partly due to costs for its productivity initiatives, as the food company's sales grew slower than expected and margins shrank.The company also expects fiscal 2013 organic sales growth of at least 4%. Analysts surveyed by Thomson Reuters currently expect 3% revenue growth to $12.05 billion.Heinz, which makes its namesake ketchup, Ore-Ida frozen potatoes and Weight Watchers Smart Ones frozen meals, has struggled with slack North American sales as consumers closely monitor spending. But strong sales abroad, especially in emerging markets, have helped to ease the drag of higher costs for beans, sweeteners and other commodities. Heinz has also increased prices on many products and announced plant closures and layoffs.Europe sales rose 1.2% in the latest period and remained the largest top-line contributor, as the North American consumer business saw its sales fall 2.2%. Asia-Pacific region sales grew 4%.For the quarter ended A...

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