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Pinnacle Foods Inc (PF.N)

PF.N on New York Stock Exchange

60.72USD
19 Jan 2018
Change (% chg)

$0.67 (+1.12%)
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Latest Key Developments (Source: Significant Developments)

Pinnacle Foods Reaffirms Outlook For 2017
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Pinnacle Foods Inc ::PINNACLE FOODS REAFFIRMS OUTLOOK FOR 2017.FY2017 EARNINGS PER SHARE VIEW $2.55 -- THOMSON REUTERS I/B/E/S.FY2017 REVENUE VIEW $3.16 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Pinnacle Foods reports Q3 earnings per share of $0.39
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Pinnacle Foods Inc :Pinnacle Foods reports third quarter fiscal 2017 results.Q3 adjusted earnings per share $0.58 excluding items.Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $2.55 to $2.60.Q3 earnings per share $0.39 including items.Q3 sales $749.8 million versus I/B/E/S view $753 million.Pinnacle Foods Inc - ‍reaffirmed its full-year guidance for adjusted diluted earnings per share​.Pinnacle Foods Inc - ‍continue on track to achieve long-term margin target for 2019 and beyond​.Pinnacle Foods Inc - ‍ expect adjusted gross margin for full year of 2017 even with year-ago​.Pinnacle Foods Inc - ‍benefit of 53(rd) week is expected to add approximately 1% to net sales and $0.03 to adjusted diluted EPS for year​.Pinnacle Foods Inc - ‍capital expenditures for 2017 are now estimated to be approximately $100 million​.Pinnacle Foods Inc - qtrly ‍underlying sales growth of 3.1% was driven by volume/mix growth of 2.5%​.FY2017 earnings per share view $2.55 -- Thomson Reuters I/B/E/S.  Full Article

Pinnacle Foods announces new segment reporting structure
Friday, 10 Feb 2017 

Pinnacle Foods Inc : Pinnacle Foods Inc announces new segment reporting structure . Pinnacle Foods - in Q4 during which integration of boulder brands acquisition was substantially complete, company reorganized its reporting structure .Pinnacle Foods Inc - new segments are frozen, grocery, boulder and specialty.  Full Article

Pinnacle Foods to relocate Evol Manufacturing operations to existing pinnacle facility in Fayetteville, AR
Thursday, 18 Aug 2016 

Pinnacle Foods Inc: Announced plans to relocate evol manufacturing operations to an existing pinnacle facility in fayetteville, ar . Says anticipates evol plant will close in q1 of 2017 . Approximately 85 affected employees at evol facility will be encouraged to apply for open positions at other pinnacle facilities . Says will be investing in fayetteville facility to upgrade existing manufacturing capabilities .Pinnacle Foods to relocate Evol® Frozen Foods Production to support long-term growth.  Full Article

Pinnacle Foods says qtrly dividend rose to $1.14 per share from $1.02 per share
Tuesday, 16 Aug 2016 

Pinnacle Foods Inc : Announces double-digit increase in quarterly dividend .On an annualized basis, new dividend increases to $1.14 per share, from previous annualized rate of $1.02 per share.  Full Article

Pinnacle Foods reports Q2 earnings per share $0.39
Thursday, 28 Jul 2016 

Pinnacle Foods Inc : Pinnacle Foods reports strong second quarter results and raises guidance for the year . Raised its guidance for year . Input cost inflation outlook has improved to be at low end of company's 2 pct to 3 pct guidance range for year . FY 2016 earnings per share view $2.11 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.42 excluding items . Q2 earnings per share $0.39 . Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Sees FY 2016 adjusted earnings per share $2.10 to $2.15 . Q2 sales $756.4 million versus I/B/E/S view $755.4 million . Boulder brands is now expected to contribute approximately $0.07 to $0.08 of adjusted diluted EPS for year . Capital expenditures for full year are now expected in range of $115 million to $125 million .Productivity for year remains estimated in range of 3.5 pct to 4.0 pct of cost of products sold.  Full Article

Pinnacle Foods completes successful repricing of its term loan I
Tuesday, 26 Jul 2016 

Pinnacle Foods Inc : Repricing of its existing $550 million term loan I, issued in connection with Boulder Brands acquisition earlier this year . Pinnacle Foods completes successful repricing of its term loan I . Transaction reduced interest rate spread on term loan by 25 basis points to libor + 275 basis points . Expects interest savings over life of loan, which matures in January of 2023, to total approximately $10 million .Expected interest savings in 2016 are estimated to be less than $1 million.  Full Article

U.S. FDA says Pinnacle Foods voluntarily recalls limited quantity of C&W Early Harvest Petite Peas
Tuesday, 21 Jun 2016 

U.S. FDA: Pinnacle foods voluntarily recalls limited quantity of c&w early harvest petite peas, c&w petite peas due to possible listeria contamination .No illnesses have been reported to date.  Full Article

Pinnacle Foods reaffirms 2016 guidance
Friday, 20 May 2016 

Pinnacle Foods Inc : Pinnacle Foods reaffirms its 2016 guidance in connection with upcoming CEO welcome reception for Mark Clouse . Reaffirms FY 2016 earnings per share view $2.08 to $2.13 excluding items .FY 2016 earnings per share view $2.11 -- Thomson Reuters I/B/E/S.  Full Article

Pinnacle Foods Inc names Mark A. Clouse Chief Executive Officer and Director of Board
Wednesday, 27 Apr 2016 

Pinnacle Foods Inc:Board of Directors has named Mark A. Clouse as the Company's new Chief Executive Officer, effective May 23, 2016, replacing Bob Gamgort.Clouse will also serve on the Company's Board. Craig Steeneck, Chief Financial Officer of Pinnacle, will assume the additional role of interim-CEO of Pinnacle.  Full Article

BRIEF-Pinnacle Foods Appoints Daniel Poland EVP & Chief Supply Chain Officer

* PINNACLE FOODS APPOINTS DANIEL POLAND EVP & CHIEF SUPPLY CHAIN OFFICER Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)