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Earnings Analysis: 
Heinz, Smucker Net Rises
Author: Trupti Mehta
123jump.com
Last Update: 11:14 AM ET November 21 2008



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11:10AM New York - AnnTaylor Stores Corporation sales fell 12% and net loss was $13.4 million. H. J. Heinz Company sales rose 3.5% and net income rose 22%. The J.M. Smucker Company sales rose 19% and net income rose 2.6%.

AnnTaylor Stores Corporation, the women''s specialty apparel retailer reported third quarter sales fell 12% to $527.2 million from $600.9 million a year ago. Net loss in the quarter was $13.4 million or 24 cents per diluted share compared to net income of $40.8 million or 66 cents per share a year ago.

Comparable same store sales declined 19.4%.

AnnTaylor Stores Corporation (ANN) in the last one year traded as high as $32.82 in November 2007 and as low as $5.16 in November 2008. Based on the yesterday''s closing price of $5.35 the company has market cap of $305.24 million.

H. J. Heinz Company, the processed food maker second quarter sales rose 3.5% to $2.61 billion from $2.52 billion a year ago. Net income in the quarter rose 22% to $277 million or 87 cents per diluted share compared to net income of $227 million or 71 cents per share a year ago.

H. J. Heinz Company (HNZ) in the last one year traded as high as $53.00 in September 2008 and as low as $37.83 in October 2008. Based on the yesterday''s closing price of $38.02 the company has market cap of $11.87 billion.

The J.M. Smucker Company, a maker of jams and other products reported second quarter sales rose 19% to $843.1 million from $707.9 million a year ago. Net income in the quarter rose 2.6% to $51.5 million or 94 cents per diluted share compared to net income of $50.2 million or 87 cents per share a year ago.

The J.M. Smucker Company (SJM) in the last one year traded as high as $56.69 in August 2008 and as low as $37.22 in November 2008. Based on the yesterday''s closing price of $38.25 the company has market cap of $2.10 billion.
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