Food Stocks: 3 Companies to Snack On

1) The Kroger Co. (NYSE:KR): The grocery store company  is up over 2% as profits rose 9% to $278.8 million ($0.44 a share) from $255.4 million ($0.39 a share) year-over-year. Sales jumped t0 $19.93 billion from $18.55 billion. EPS was inline with Wall Street, but revenues were much higher than expectations for $19.38 billion. Kroger also announced a $1 billion stock buy back  in stock. The Kroger Co. operates supermarkets and convenience stores in the United States.

2) H.J. Heinz Company (NYSE:HNZ): The famous ketchup company reported sales grew 1.5% to $2.72 billion and organic sales were up 1.7%. Emerging Markets (NYSE:EEM) delivered 14.1% organic sales growth (14.6% reported) and 16% of the Company’s total sales. North American Consumer Products reported 3% sales growth on higher volume. Operating Income increased 0.4% to $438 million. Total Company net income grew 19.8% to $274 million. H.J. Heinz Company manufactures and markets processed food products throughout the world.

3) B&G Foods, Inc. (NYSE:BGS): The maker of Cream of Wheat had a record fourth quarter earnings announcement. Net sales increased 4.6% to $141.9 million for the quarter and 2.5% to $513.3 million for the year. Net income increased more than 100% for the quarter to $14.3 million and 85.6% for the year to $32.4 million. Earnings per share beat Wall Street estimates for $0.20, coming in at $0.28 for the quarter and $0.90 for the year. The Company expects to deliver 2011 EBITDA of $123.0 million to $126.0 million. B&G Foods Inc. manufactures, sells, and distributes shelf-stable foods across the United States.

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