Heinz says strong growth in emerging markets has helped it to record sales.
That boosted its profit by 14% to more than $US1 billion last year.
Food sales rose 2% to $US10.7 billion, which chief executive William Johnson says was driven by growth in China, India, Russia and Indonesia.
Mr Johnson also said the weaker US dollar was helping.
The company raised its long-term earnings growth target, due in part to a plan that includes closing five factories and axing up to 1000 jobs.
Like most food companies, Heinz has been looking to cut expenses as it faces higher raw material costs. It expects cost inflation of 7% this year, due to increases in prices for metals, resins, sweeteners and oil.
