(Totals may not add due to rounding)

 
 

H.J. Heinz Company

Non-GAAP Performance Ratios
 

Sales Variances

The following table illustrates the components of the change in net sales versus the prior year.
Total Heinz (Continuing Operations)   2006 (b)(d)   2007 (b)(d)   2008 (d)   Q109 (d)   Q209 (d)   Q309 (d)   Q409 (d)   2009
 
Volume         3.9 % 0.8 % 3.9 % 5.4 % (0.9 )% (6.2 )% (1.9 )% (1.2 )%
Price (0.1 )% 2.2 % 3.5 % 5.3 % 7.2 % 8.1 % 7.6 % 7.2 %
Acquisition 5.0 % 1.3 % 0.7 % 0.7 % 1.2 % 2.5 % 3.4 % 2.0 %
Divestiture (1.2 )% (3.1 )% (0.8 )% (0.2 )% (0.1 )% (0.2 )% (0.2 )%
Exchange (1.4 )% 2.8 % 5.2 % 4.1 % (3.2 )% (11.3 )% (13.9 )% (6.6 )%
Total Change in Net Sales 6.1 % 3.9 % 12.3 % 15.5 % 4.0 % (7.1 )% (5.0 )% 1.3 %
Total Organic Growth (a) 3.8 % 3.0 % 7.4 % 10.7 % 6.3 % 1.9 % 5.7 % 6.0 %
 
Q110 (d) Q210 (d) Q310 (d) Q410 (d) 2010 Q111 (d) Q211 (d) Q311 (d) Q411 (d) 2011
Volume (3.9 )% (3.8 )% 1.2 % 1.6 % (1.3 )% 2.5 % 0.3 % 0.5 % (0.3 )% 1.0 %
Price 6.0 % 4.6 % 1.8 % 1.0 % 3.4 % 1.1 % 0.6 % 1.2 % 1.9 % 1.2 %
Acquisition 3.1 % 3.1 % 2.9 % 0.3 % 2.4 % 0.1 % 0.1 % 1.2 % 1.1 % 0.6 %
Divestiture (0.2 )% (0.1 )%
Exchange (9.0 )% (1.0 )% 6.9 % 5.5 % 0.5 % (2.1 )% (2.3 )% (1.4 )% 3.3 % (0.5 )%
Total Change in Net Sales (4.0 )% 2.9 % 12.7 % 8.3 % 4.9 % 1.6 % (1.2 )% 1.5 % 6.0 % 2.2 %
Total Organic Growth (a) 2.1 % 0.8 % 3.0 % 2.6 % 2.1 % 3.6 % 0.9 % 1.7 % 1.6 % 2.2 %
 
Q112 Q212 Q312 Q412 (c) 2012 (c) Q113 Q213
Volume (0.6 )% (2.8 )% 0.5 % 1.5 % (0.3 )% 2.5 % 1.4 %
Price 3.7 % 4.4 % 4.2 % 3.0 % 3.8 % 2.3 % 1.9 %
Acquisition 4.7 % 5.0 % 3.7 % 3.1 % 4.1 %
Divestiture (0.6 )% (0.7 )% (0.7 )% (0.5 )% (0.6 )% (0.4 )%
Exchange 7.2 % 2.4 % (0.4 )% (1.4 )% 1.8 % (5.6 )% (2.4 )%
Total Change in Net Sales 15.0 % 8.4 % 7.3 % 5.5 % 8.9 % (1.5 )% 0.5 %
Total Organic Growth (a) 3.1 % 1.6 % 4.7 % 4.5 % 3.5 % 4.8 % 3.3 %

____________________________________________________(a) Organic sales growth is a non-GAAP measure that is defined as volume plus price or total sales growth excluding the impact of foreign currency translation rates and acquisitions/divestitures.(b) Fiscal 2007 had one less week than Fiscal 2006.(c) Fiscal 2012 had 2 extra business days than Fiscal 2011.(d) Amounts have not been restated for the disposal of the U.S. Foodservice frozen desserts business, which was reported in discontinued operations in Fiscal 2013.

(Totals may not add due to rounding)

Copyright Business Wire 2010

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