The Rising Influence of Rising Affluence

[DewDiligence]

HNZ hits all-time high on pre-announced FY1Q13 EPS of $0.87:

http://finance.yahoo.com/news/heinz-chairman-tells-shareholders-company-130000775.html

Mr. Johnson [CEO] said the expected first-quarter results would reflect “dynamic growth in Emerging Markets as well as improved productivity, higher margins and a favorable tax rate.” He noted that Heinz achieved growth in earnings per share in the quarter “despite the headwinds of a still weak economy and adverse foreign currency trends that reduced EPS by around four cents.”

HNZ reports FY1Q13 results tomorrow (and holds a CC at 8:30am ET), but it will be anticlimactic.