Heinz Company, offering "Good Food, Every Day(TM)" is
one of the world's leading marketers and producers of branded foods in
ketchup , condiments, sauces, meals, soups, seafood, snacks, and infant foods. Then
lightly brush the mushroom stems with the melted butter. "Most
busy people won't eat healthy meals on a regular basis unless it's
convenient. Heinz Company
(NYSE:HNZ)

Volume increased almost 4% for the quarter

Q3 earnings impacted by commodity and fuel costs, offset by
lower tax rate

Full -year earnings expected to be in previously communicated
range, excluding special items

Reported earnings for Q3 reflect asset impairment charge of
$74 million after tax, or 21 cents per share

H. (Nasdaq:HAIN), the possibility of which was
disclosed in the November 23 second-quarter earnings release.04 per diluted
share from discontinued operations, net income for the current quarter
was $212.01
Reorganization costs - - 5.3) (0 .

gravies crock

, at Heinz Field.S. Management believes that the adjusted
GAAP measures provide additional clarity in understanding the trends
of the business as they provide management with a view of the business
excluding special items. Sales of the Ore-Ida(R) brand
increased 12.
Operating income decreased 21.
The Gross Profit Margin was 36.com and will be archived for playback beginning at 2 p. The forward -looking statements are and will be based on
management's then current views and assumptions regarding future
events and speak only as of their dates.58 $1.56 $1.21
--------- ------- --------- ------- ------
Results from continuing
operations excluding
special items $2,261.21
--------- --------- --------- ------- ------
Results from continuing
operations excluding
special items $6,463 .2 $2,271.

dips cooking

Information about the book, along
with Chris' recipe and those from the contest runners -up are available on the
Heinz website, http://www.com.
Heinz satisfies hungry consumers in every outlet, from supermarkets to
restaurants to convenience stores and kiosks.heinz.zonefreshphilly.J . In Italy, consumption grew 6% in the infant nutrition
category, boosted by the success of new Plasmon (R) marketing
initiatives.

ABOUT HEINZ:

H.65
Discontinued
operations 0.04 - 0.S.7 $1,012.

crock fondue

We were very impressed by the submissions and
considered all of them winners. Chris' winning recipe is also featured in the
newly released book, Heinz Field Touchdowns to Tailgating, written by Charles
Reichblum, with recipes by Rania Harris. Stuff the mushroom caps with the
sausage cream cheese mixture and sprinkle the stuffed caps with Parmesan
cheese .

Jennifer
Aniston, Jennifer Garner, Madonna, Carl Lewis, Rick Fox and Brian
Leetch are just a handful of well-known Zone Diet devotees. For an
extra $10-$15 a day, we spend the extra hours each week ordering food
and planning the menus, portion sizes and recipe alterations that
clients would have to do anyway. If the client's time is valuable, I'd
say it's a great deal.
The only store of its kind in the Delaware Valley, foodsource also
features a wide range of prepared food items that are cooked fresh
each day in its restaurant-quality kitchens, using no preservatives.

60 per diluted share, up 5. Foodservice segment increased 5.
Higher pricing increased sales by 1. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, except as required by the securities laws.44 $0.73
=========== =========== =========== ===========

Average common shares
outstanding - basic 350,357 351,725 350,357 351,725
=========== =========== =========== ===========

Cash dividends per
share $0.7 $604.K.5 $1,034.

mimi casseroles

Business Editors/Food Editors

BRYN MAWR , Pa."
Clients are able to "opt out" of the foods they are allergic to or
just don't like to eat .

Dinner -- Asian-Glazed Salmon with steamed snow peas, or Morrocan
chicken breast with apricot chutney and broccoli rabe.

Business Editors

PITTSBURGH----H.8% for its third quarter, led by particularly strong
performances on Ore-Ida(R) frozen potatoes, Bagel Bites(R), TGI
Friday 's(R) frozen snacks and Heinz(R) Ketchup. Operating income
decreased 7.7%, reflecting strong growth in Ore-Ida(R) brand products, Bagel
Bites(R) and TGI Friday's(R) frozen snacks.0% during the
quarter . Foodservice segments.5 million, or 2.
Uncertainties contained in such statements include, but are not
limited to, sales, earnings, and volume growth, general economic,
political, and industry conditions, competitive conditions, which
affect, among other things, customer preferences and the pricing of
products, production, energy and raw material costs, the need for
product recalls, the ability to maintain favorable supplier
relationships, achieving cost savings programs and gross margins,
currency valuations and interest rate fluctuations, success of
acquisitions, joint ventures , and divestitures, new product and
packaging innovations, product mix, the effectiveness of advertising ,
marketing, and promotional programs, supply chain efficiency and cash
flow initiatives, the impact of e-commerce and e-procurement, risks
inherent in litigation (including the Remedia-related claims in Israel
and rights against third parties) and international operations,
particularly the performance of business in hyperinflationary
environments, changes in estimates in critical accounting judgments
and other laws and regulations, including tax laws, the success of
tax-planning strategies, the possibility of increased pension expense
and contributions and other people-related costs, the possibility of
an impairment in Heinz's investments, and other factors described in
"Cautionary Statement Relevant to Forward-Looking Information" in the
Company's Form 10-K for the fiscal year ended April 28, 2004, and the
Company's subsequent filings with the Securities and Exchange
Commission.5 $1.5 $1.4 0.J. Heinz Company and Subsidiaries
Non-GAAP Performance Ratios

The company reports its financial results in accordance with generally
accepted accounting principles ("GAAP").

cooksrecipes mimi

7
Recipe(TM) Barbecue Sauce and Heinz(R) 57 Sauce, which gave it the extra kick
I think tailgaters will love.heinz. Heinz is a global family of
leading brands, including Heinz (R) Ketchup, sauces, soups, beans, pasta and
infant foods (representing nearly one-third of total sales or close to
$3 billion), Ore-Ida(R) French fries and roasted potatoes, Boston Market(R)
and SmartOnes(R) meals, and Plasmon(R) baby food. It's the first service of its kind in the Philadelphia area.0%. unit experienced some softness, its overall
core business remains healthy and during the quarter, it achieved
record market shares for Heinz(R) Ketchup (81%) and Heinz(R) Salad
Cream (83%).3% for the nine-month period, driven by volume
increases of 2.
These statements are subject to risks, uncertainties, assumptions and
other important factors, many of which may be beyond Heinz 's control
and could cause actual results to differ materially from those
expressed or implied in these forward-looking statements. Heinz Company, offering "Good Food Every Day," is one of the
world 's leading marketers and producers of branded foods in ketchup,
condiments, sauces, meals, soups, seafood, snacks, and infant foods.9 $329.8 0.J.8 $2,358.

cooker timesaving

"I
really liked the combination of the mushrooms, cheese, sausage, and the three
Heinz products, Ore-Ida(R) Chopped Onions, Jack Daniel 's(R) Original No. "I thought there were
some extraordinarily creative recipes, which tasted great and were
surprisingly easy to prepare," said Harris.
They were: Janice Elder, of Charlotte, N .A.
Stores are located in Bryn Mawr and Glen Mills, PA, with a third store
slated to open in Greenville , DE this spring.1% last year. Consumer
Products. This growth reaffirms our decision to realign and simplify
our North American portfolio as part of our current three-year plan.32-2.3%, due primarily to the lower gross profit margin and
increased Selling, General and Administrative expenses ("SG +A"). See
attached tables for further details, including reconciliation of
non-GAAP financial measures . Heinz's marketing programs
for these brands have been very effective and consumers have responded
positively to new recipes and packaging. These increases were partially offset by the discontinuation
of an Indonesian energy drink and declines in the Tegel(R) poultry
business in New Zealand.
Operating free cash flow was $375 million versus $697 million in
Fiscal 2004. These forward-looking statements
reflect management's view of future events and financial performance.64
Discontinued
operations 0.04 0. Foodservice 7,130 3,747 16,711 10 ,378
Europe 4,455 2,729 13,621 10,352
Asia/Pacific 825 581 2,435 2,158
Other Operating
Entities 434 609 1,192 1,727
Non-Operating (25,617) (21,115) (72 ,423) (67,044)
----------- ----------- ----------- -----------
Consolidated Totals $- $- $- $-
=========== =========== =========== ===========

Operating income
(loss):
North American
Consumer Products $148,352 $126,534 $394,421 $359,265
U.S. Foodservice 54,378 54,658 166,682 163,808
Europe 128,517 163,147 408,088 454,331
Asia/Pacific 32,599 34,026 107,720 112,029
Other Operating
Entities 2,587 2,554 25,075 22,184
Non-Operating (36,865) (25,552) (89,316) (78,980)
----------- ----------- ----------- ----- ------
Consolidated Totals $329,568 $355,367 $1,012,670 $1,034,133
=========== =========== =========== ===========

The company's revenues are generated via the sale of products in the
following categories:

Ketchup, Condiments
and Sauces $793,614 $735,347 $2,356,649 $2,229,197
Frozen Foods 594,690 526 ,150 1,599,280 1,402,629
Convenience Meals 515,215 464,000 1,446,515 1,349,012
Infant Feeding 220,431 222,652 601,819 629,769
Other 137,269 149,032 459,542 472,559
----------- ----------- --- -------- -----------
Total $2,261,219 $2,097,181 $6,463,805 $6,083,166
=========== =========== =========== ===========

H.6 $138 .

Welcome to Home/Cooking.

gravies legumes

They are delivered to clients' homes or
offices immediately that evening to be eaten the following day.3% from the prior
quarter.
Gross profit increased 5. General and
Administrative expenses ("G+A") increased primarily as a result of
increased employee-related costs, litigation costs and professional
fees related to various projects, including increased administrative
expenses associated with Section 404 of Sarbanes-Oxley.
Pricing increased 2.8%. Operating income
increased 17.K.1 $573.

toppings fondue

"
"Chris' Tangy Sportsman Mushroom recipe was excellent," said Coleman ."
Chef Harris, also the host of a cooking show and a well-known Pittsburgh
chef, was surprised by the creativity of the recipes.J.0% and Bagel Bites(R) expanded by 23. Foodservice

Sales of the U. The
acquisition of a controlling interest in Shanghai LongFong Foods, a
maker of popular frozen Chinese snacks and desserts, increased sales
3. Diluted earnings per share were $1. Heinz 's 50
companies have number-one or number-two brands in 200 countries,
showcased by Heinz(R) Ketchup , the world's favorite ketchup. J.4 $0. The following table provides
a reconciliation of the company 's reported results from continuing
operations to the results excluding special items for the nine months
ended January 26, 2005 and January 28, 2004:

Nine Months Ended January 26, 2005
--------------------------------------------
Net Gross Operating Per
Sales Profit Income Income Share
--------- --------- --------- ---- --- ------
Reported results from
continuing operations $6,463.

hannaford dips

The Zone Diet recommends a moderate consumption of all foods,
including proteins, healthy carbohydrates and fats in the right
amounts.
By teaming up with foodsource, Zone Fresh Philly can offer the
freshest and healthiest foods while making them taste great.42, with an expectation toward the lower end of the range," he
said . Operating Free Cash Flow
(cash from operations less capital expenditures) was $78 million in
the quarter, after a $125 million tax pre-payment in Europe.4% due to the sale of Ethnic Gourmet Foods(R ) and
Rosetto(R) pasta in the first quarter of Fiscal 2005. Sales
were moderately impacted by lower pricing of 0. Heinz Company and Subsidiaries
Consolidated Statements of Income
(In Thousands, Except per Share Amounts)

Third Quarter Ended Nine Months Ended
----------------------- -------------------- ---
January 26, January 28, January 26, January 28,
2005 2004 2005 2004
FY2005 FY2004 FY2005 FY2004
----------- ----------- ----------- -----------

Sales $2,261,219 $2,097,181 $6,463,805 $6,083,166
Cost of products sold 1,441,306 1,317,934 4,105,125 3,815,625
----------- ----------- ----------- - ----------
Gross profit 819,913 779,247 2,358,680 2,267,541
Selling, general and
administrative expenses 490,345 423,880 1,346,010 1,214,063
----------- ----------- ----------- -----------
Operating income 329,568 355,367 1,012,670 1,053,478
Interest income 7,534 5,588 20,178 15,901
Interest expense 60,880 53,725 170,826 160,254
Asset impairment charges
for cost and
equity investments 73,842 - 73,842 -
Other expense , net 1,671 5,095 10,831 35,019
----------- ------ ----- ----------- -----------
Income from continuing
operations before
income taxes 200,709 302,135 777,349 874,106
Provision for income
taxes 62,189 99,898 246,714 293,557
----------- ----------- ----------- -----------
Income from continuing
operations 138,520 202,237 530,635 580,549
Income from discontinued
operations, net of
tax 13,891 - 15,577 27,200
----------- ----------- ----------- -----------
Net income $152,411 $202,237 $546,212 $607,749
=========== =========== =========== ===========

Income per common
share - Diluted
Continuing
operations $0.S. Heinz Company and Subsidiaries
Special Items - Third Quarter Ended January 26, 2005

The company reports its financial results in accordance with generally
accepted accounting principles ("GAAP").71
========= ========= ========= ======= ======


Nine Months Ended January 28, 2004
---------------------------------------- ----
Net Gross Operating Per
Sales Profit Income Income Share
--------- --------- - -------- ------- ------
Reported results from
continuing operations $6,083.01
Gain on sale of the
Northern European
bakery business - - (28.04)
--------- --------- --------- ------- ------
Results from continuing
operations excluding
special items $6,083.5 $1.

substitutes toppings

Heat until warm.

How Zone Fresh Philly works

The chefs prepare a day's worth of meals and snacks, pack them in
air-tight containers and place them in insulated cooler bags with ice
packs to maintain freshness.4 million, or
$0 . Johnson said: "I am pleased by our strong sales increase of
7.9%. These marketing successes
were partially offset by declines in sauces and jarred vegetables in
the Netherlands related to increased competition and pricing
pressures.2% due to lower pricing, increased
commodity and supply chain costs in the European seafood business, and
increased G+A, primarily for employee-related costs, litigation costs
and professional fees tied to various projects across Europe.6%
increase over $1.heinz.39 $0.08
----------- ----------- ----------- -----------
Net Income $0.S.

crock dips

Coverage of the sampling is invited. Remove stems from the mushrooms , leaving
caps intact. Continue
stirring until smooth.2%, as the substantial increases in sales volume and net
pricing offset higher commodity, fuel and pension costs.9%. Volume increased sales by a
solid 5.
Favorable exchange translation rates increased sales by 4.4%, primarily due to market price
pressures on the Tegel(R) poultry business in New Zealand. Operating income decreased $21. Johnson , Chairman,
President + CEO; Art Winkleblack, Executive Vice President and Chief
Financial Officer; Jane S. J.04 - 0.51 $1.04 0.81
=========== =========== =========== ===========

Note: Fiscal 2005 and 2004 include special items.7 $530.

canmakers dips

Florida Man 's Mushroom Recipe Takes Top Prize in Heinz's National Tailgate
Recipe Contest

PITTSBURGH, Just in time for tailgating season,
Heinz (NYSE: HNZ) today announced the winners of its national Tailgate Recipe
Contest - created to showcase the best tailgate fare from across the country.
Zone Fresh Philly is based on The Zone Diet by Dr. Cash Conversion Cycle for
the quarter improved five days, and net debt (total debt less cash and
cash equivalents and the value of interest rate swaps) was reduced by
$138 million versus the prior-year period. This is in line with
the Company's strategy to improve its mix and focus on core businesses
while minimizing net out-of-pocket acquisition costs. Foodservice.m. It will be hosted by William R. Heinz Company and Subsidiaries
Special Items - Nine Months Ended
January 26 , 2005 and January 28, 2004

The company reports its financial results in accordance with generally
accepted accounting principles ("GAAP"). Non-GAAP financial measures should be viewed
in addition to, and not as an alternative for, the company's reported
results prepared in accordance with GAAP .2 $2,267.

cooksrecipes mimi

Heinz's 50 companies have
number-one or number-two brands in 200 countries, showcased by Heinz(R)
Ketchup, The World's Favorite Ketchup(TM). Chop the stems. Gradually mix the cream cheese, Jack
Daniel's Barbecue Sauce and Heinz 57 Sauce into the saucepan. If clients decide weight loss is their goal, their portions
are adjusted accordingly. All of that is done
already by the chefs at foodsource so there's no reason not to eat
healthy food all day.
Clients can purchase the service in 5, 15 or 30-day packages by
calling 1-888-439-6899, or by visiting the Zone Fresh Philly website
at: www.com
At a price of between $35-$40 a day, the service isn't cheap, but
Abbott feels it's a worthwhile investment. Johnson commented.)

THIRD-QUARTER SEGMENT HIGHLIGHTS

North American Consumer Products

Sales of the North American Consumer Products segment increased at
a strong double digit rate of 11.
Heinz looks forward to continued growth in Consumer Products , with
plans to launch a new kids-oriented ketchup this summer.

Heinz U.2%, due to the cost of the
Italian infant nutrition restage and increased promotional spending in
the Netherlands . The favorable
volume reflects good results across the Company, most notably in the
North American Consumer Products and U.S.heinz.40 $0. Non-GAAP financial measures should be viewed
in addition to, and not as an alternative for, the company's reported
results prepared in accordance with GAAP .2 $819.9 $329.8) (13.

fondue tailgating

After taste-testing the ten recipes that
were selected as finalists, Chris Wierchowski, 23, of Venice, Florida, was
named the first place winner for his winning recipe: "Tangy Sportsman
Mushrooms."
In addition to the grand prize winner, two runners-up were also selected .
"I'd like Zone Fresh Philly to completely eliminate Philadelphia's
former label as being America 's Fattest City," said Bill Abbott,
President of Zone Fresh Philly and a former personal trainer.

"

About foodsource(SM)

foodsource is a specialty food store that sells only the freshest
products and groceries from outstanding vendors around the world.

Overall, the Company reported net income of $152.
Heinz's balance sheet and working capital management showed
continued improvement over the prior year. Strong
volume increased sales 4. Lower pricing decreased sales 2 .4%, which was essentially offset by the divestiture of a Korean oils
and fats product line which reduced sales 2.1%,
reflecting the lower gross margin and higher SG+A costs.m.J.2 $819.

substitutes cooksrecipes

Heinz Announces Recipe Contest Winners

The meals
+ snacks are allocated within the following nutritional guidelines:

30 percent of calories come from lean proteins including
chicken and fish

40 percent from healthy carbohydrates like vegetables, fruits,
legumes + whole grains

30 percent from healthy fats such as nuts, seeds and olive
oil.43 per diluted share, for its third quarter ended January 26, 2005.
We are exploring similar strategic options for our businesses outside
of North America.9%.4% compared to income
from continuing operations of $573. The reduction reflects a $125 million tax pre-payment in
Europe. (Eastern Time). Heinz Company and Subsidiaries
Segment Data

Third Quarter Ended Nine Months Ended
----------------------- -----------------------
January 26, January 28, January 26, January 28,
2005 2004 2005 2004
FY2005 FY2004 FY2005 FY2004
----------- ----------- ----------- -----------
Net external sales:
North American
Consumer Products $579,039 $521,753 $1,633,798 $1,494,413
U . The following table provides
a reconciliation of the company's reported results from continuing
operations to the results excluding special items for the third
quarter ended January 26, 2005:

Third Quarter Ended January 26, 2005
------------------------------------------
Net Gross Operating Per
Sales Profit Income Income Share
--------- ------- --------- ------- ------
Reported results from
continuing operations $2,261.5 $0.7 $1,012.64
Write-down of U. However, management believes
that certain non-GAAP performance measures and ratios, used in
managing the business, may provide users of this financial information
with additional meaningful comparisons between current results and
results in prior periods.

timesaving mimi

m.


Tangy Sportsman Mushroom Recipe

Ingredients:

2 pounds large mushrooms
4 tablespoons butter
1/4 cup Ore-Ida(R) Chopped Onions
1/2 pound ground pork sausage
1 (3-ounce) package cream cheese , softened
2/3 cup Jack Daniel's(R) Original No. They can expect to lose between 1-2 pounds
of fat per week, the recommended amount by most physicians and
dieticians. After
all, no one wants to eat healthy foods unless they taste good. "People generally spend
about $20-$25 a day on food if they eat on the run anyway--and it's
there's no guarantee what they are eating is fresh or healthy .

Europe

Heinz Europe's sales increased 6.
Although Heinz's U.

Asia Pacific

Sales in Asia Pacific increased 7.
Operating income decreased 4. The call will be webcast live on
www. Miller, Chief Growth Officer; and Jack
Runkel, Vice President -- Investor Relations.

SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS:

This press release contains forward -looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995.
Heinz satisfies hungry consumers in every outlet, from supermarkets,
to restaurants to convenience stores and kiosks.27 $0.39
Asset impairment charges
for cost and
equity investments - - - 73.6 $212.50
Asset impairment
charges for cost and
equity investments - - - 73.5 $1,053.

The purpose of this category, and its subcategories, is to provide a comprehensive directory of links to sites with recipes, or cooking contents.

canmakers steelmakers

This service is delivered daily to clients' doorsteps so
they don't have to plan, shop, cook or clean.

"foodsource is a perfect choice to prepare the Zone-based meals
and snacks for the Philly market," said Abbott. "They already have a
great reputation for creating gourmet meals on-site at their kitchen.

Lunch -- Chicken satay with couscous + steamed vegetables, or a
smoked turkey breast on a whole grain wrap with light havarti cheese +
romaine and ligonberry preserves spread.
"Looking forward to the balance of Fiscal 2005, excluding special
items, Heinz remains on track with our full-year EPS target range of
$2. The
Company said it now expects operating free cash flow to be in the
range of $750 to $850 million for Fiscal Year 2005 . Operating income was virtually flat to prior year as
favorable pricing and mix were offset by increased commodity, fuel and
fixed selling costs.
Lower pricing reduced sales 3.71 for the period, a 5 .
Sales increased 6. Progress in the Cash Conversion Cycle produced an eight-day
improvement versus year ago.
(Totals may not add due to rounding)


H. Foodservice 374,835 353,884 1,098,535 1,056,993
Europe 884,771 827,451 2,488 ,267 2,337,255
Asia/Pacific 323,865 301,885 962,924 926,661
Other Operating
Entities 98,709 92,208 280,281 267,844
----------- ----------- ----------- -----------
Consolidated Totals $2,261,219 $2,097 ,181 $6,463,805 $6,083,166
=========== =========== =========== ===========

Intersegment revenues:
North American
Consumer Products $12,773 $13,449 $38,464 $42,429
U.J. However, management believes
that certain non-GAAP performance measures and ratios, used in
managing the business, may provide users of this financial information
with additional meaningful comparisons between current results and
results in prior periods.8 $2,358 .

ivillage legumes

com/news. In the remaining
butter, cook and stir the sausage, chopped mushroom stems, and onions until
tender and the sausage is fully cooked.

Zone Fresh Philly and foodsource Team up to Offer Region 's First Healthy Meal Service Delivered to Clients' Doorsteps

8 million of non-cash asset
impairment charges, primarily related to Heinz's investment in The
Hain Celestial Group, Inc. In addition to strong volume and sales growth in Consumer
Products, gross profit increased by 11% versus last year , enabled by
very effective trade management and customer service initiatives.S.5 million for the year-earlier
period.5%, down 90 basis points versus the
prior year, mainly due to increased commodity costs, lower pricing in
Italy, and increased supply chain costs in the European seafood
business .
The call is available live via conference call at 1-866-783-5359
(listen only).54 $1.855 $0.8 0.5 $580. Non-GAAP financial measures should be viewed
in addition to, and not as an alternative for, the company's reported
results prepared in accordance with GAAP.

cooker cooking

C. In a medium saucepan, melt the butter.

Heinz Delivers Strong Top-Line Growth in Q3 as Sales Increase 7.8%

Heinz Company (NYSE:HNZ) today announced strong sales
increases of 7.7% compared to 33.
Commenting on the results, Heinz's Chairman, President and CEO
William R.8% and the positive results from many of our recent innovations."
"Our focus on developing markets is progressing well.2%, despite a 90 -basis-point decline in
gross profit margin. Divestitures
reduced sales 1.5%, largely driven by the strength of the
Truesoups(R) frozen soup business and by increased sales of custom
recipe tomato products, as well as sales improvements in single-serve
condiments and Heinz(R) Ketchup. Heinz 's restaurant sales are
responding well to its new solutions-oriented operating model for
soups , desserts and sauces.4%, reflecting price increases
on ketchup and frozen soup, implemented to offset fuel and commodity
cost pressures.5%, reflecting strong volume in China, Australia and New
Zealand .
Heinz sales in New Zealand and in Australia grew by double digits,
behind several successful new product offerings.6%.5 million
in the nine months ended January 26, 2005, up 5. Heinz is a global
family of leading brands, including Heinz(R) Ketchup, Sauces, Soups,
Beans, Pasta and Infant Foods (representing nearly one-third of total
sales or close to $3 billion), Ore-Ida(R) french fries, Boston
Market(R) and SmartOnes(R) meals, and Plasmon(R) baby food.285 $0.5 3.

canmakers stuffings

, for her Kick-Off BBQ Teriyaki
Chicken Grilled Pizza recipe. His recipe
as well as others featured in the cookbook will be served up for hungry
Pittsburgh Steelers fans.

ABOUT HEINZ: H. 7 Recipe(TM) Barbecue Sauce
4 tablespoons Heinz 57(R) Sauce
1/4 cup grated Parmesan cheese

Directions:
Preheat oven to 350 degrees. In a shallow pan, bake the caps at 350 degrees for 8-12 minutes or
until hot. Zone Fresh Philly
officially launched mid-February and is modeled after similar
Zone-based programs that have proven highly popular in Los Angeles and
New York. Its
products include olive oil, caviar, dry-aged beef, hundreds of cheeses
and home items. Heinz India
posted significant sales growth as did the Company's other businesses
in Poland, Russia and parts of Asia ," Mr.S.5%
principally due to promotional timing on European seafood, increased
Heinz(R) Ketchup sales behind the successful introduction of the new
"Top Down" bottle, the successful restage of Heinz(R) beans and growth
in the Italian infant nutrition business.2%.58 $1.
pizza crust assets - 4.62
========= ========= ========= ======= ======

(Note: Totals may not add due to rounding.)


H.

legumes culinary

Beginning with last season's National Football League playoffs, noted
Philadelphia chef, author and television personality, Jim Coleman, joined
Pittsburgh chef Rania Harris in judging hundreds of entries for their
creativity, taste and originality. "Tailgating in America is serious
business, and these recipes will be a welcome addition to anyone's fall
tailgating menu.----foodsource

Based on Popular Zone Diet,
Program is All the Rage in L. Sample dishes include:

Breakfast -- Vegetable egg frittata filled with bell peppers and
onions with a side of fruit, or a mixed berry crepe with light ricotta
cheese.4 million, or $0. The
reduction in the effective tax rate is attributable to tax planning in
foreign jurisdictions and favorable audit settlements.
(Comments on the third quarter and nine months that follow refer
to results from continuing operations, excluding special items.

YEAR-TO-DATE HIGHLIGHTS (for continuing operations , excluding
special items)

Heinz reported income from continuing operations of $604. These price
reductions were partially offset by net price gains across North
America and U.
Information on Heinz is available at www.50 $1.43 $0.57 $1.72
=========== =========== =========== ===========

Average common shares
outstanding - diluted 353,842 354,254 353,842 354,254
=========== =========== =========== ===========

Income per common
share - Basic
Continuing
operations $0.0 2. The following table provides
the calculation of those non-GAAP performance ratios discussed in the
company's press release dated February 28, 2005:

Net Debt Calculation
(amounts in thousands) January 26, April 28, January 28,
2005 2004 2004
FY 2005 FY 2004 FY 2004
-------- --- ----------- -----------
Short-term debt $34,102 $11,434 $11,358
Long-term debt,
including current
portion 4,757,161 4,962,996 5,096,471
----------- ----------- -----------
Total debt 4,791,263 4,974,430 5,107,829

Less:
Value of interest
rate swaps (208,173) (125,324 ) (206,563)
Cash and cash
equivalents (834,805) (1,180,039) (1,016,166)
----------- ----------- -----------

Net Debt $3,748,285 $3,669,067 $3,885,100
=========== =========== ===========

Operating Free Cash Flow Calculation
(amounts in thousands) Third Quarter Ended Nine Months Ended
----------------------- -----------------------
January 26, January 28, January 26, January 28,
2005 2004 2005 2004
FY 2005 FY 2004 FY 2005 FY 2004
----------- ----------- ----------- -----------
Cash provided by
operating activities $126,584 $323,794 $506,146 $817,053
Capital expenditures (48,404) (44,980) (131 ,024) (119,817)
----------- ----------- ----------- -----------
Operating Free
Cash Flow $78,180 $278,814 $375,122 $697,236
=========== =========== =========== ===========

cooksrecipes freezing

and New York

Zone Fresh Addresses Major Challenge of Eating Healthy -
It's Hard Unless It's Easy and Convenient

Zone Fresh Philly and foodsource(SM) have joined forces to deliver
healthy meals and snacks to busy clients' doorsteps.

Favorite snacks include protein-fortified double chocolate mousse
pudding with roasted almonds, or cucumber and tomato salad with light
cheese and balsamic vinaigrette dressing .
Excluding these impairment charges and income of $0. The Company's effective tax rate, excluding special items in
the current quarter, was 22. I
am particularly pleased by the strong sales and profit growth
delivered by our North American businesses, especially U. The decline in gross margin reflects increased
commodity and fuel costs, lower pricing and substantially higher
supply chain costs in the European seafood business. Volume increased 1.4%.1%, which exceeds the Company's 1-2% annual volume
growth target, and exchange translation rates of 4.

MEETING WITH SECURITIES ANALYSTS -- INTERNET BROADCASTS

Heinz will host a conference call with security analysts today at
8:30 a.57 $1. Foodservice 54,378 54,658 166,682 161,308
Europe 128,517 163,147 408,088 479,130
Asia/Pacific 32,599 34,026 107,720 112,029
Other Operating
Entities 2,587 2,554 25 ,075 22,184
Non-Operating (36,865) (25,552) (89,316) (80,438)
----------- ----------- ----------- -----------
Consolidated Totals $329,568 $355,367 $1,012,670 $1,053,478
=========== =========== =========== ===========

Operating income (loss)
excluding special items:
North American
Consumer Products $148,352 $126,534 $394,421 $360,761
U.60
========= ======= ========= ======= ======

(Note: Totals may not add due to rounding.8 0.

cooksrecipes stuffings

Information on Heinz is available
at http://www. Barry Sears and
is considered to be one of the healthiest eating approaches to follow."
Many celebrities are known to follow The Zone Diet.J. Volume increased a significant
6.8%, primarily related to Heinz(R) Ketchup,
Bagel Bites(R) and TGI Friday's(R) frozen snacks, and Ore-Ida(R)
frozen potatoes. The prior year acquisition of the Unifine Richardson
business in Canada, which manufactures and sells salad dressings,
sauces and dessert toppings , increased sales by 1. Favorable exchange
translation rates increased sales by 7.2%, to $32.62 from continuing operations in the prior year.com/news

H.08
----------- ----------- ----------- -----------
Net Income $0.)

H.6 $1.0 4.

crock cooker

, for her Caribbean Quesadillas
recipe; and Renee Pokorny, of Ventura , Calif. Wierchowski will attend a special
sampling event on Sunday, September 11, 1:00 p.
Unlike many meal programs based on eating processed foods, all
Zone Fresh Philly menu items are prepared daily in foodsource
kitchens, using only fresh ingredients and no preservatives.
The current quarter includes $73. As a
percentage of sales, selling and delivery costs increased due to
substantially higher fuel and trucking costs.3%.6 million, primarily due
to lower pricing, increased commodity costs, and a decline in
profitability in our Tegel(R) poultry business.S.5%. For the full year, operating free cash
flow is expected to be in the $750 to $850 million range. However, management believes
that certain non-GAAP performance measures and ratios, used in
managing the business, may provide users of this financial information
with additional meaningful comparisons between current results and
results in prior periods.

dehydrating gravies

---

- - kjjkjk

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