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Pinnacle Foods Inc (PF.N)

PF.N on New York Stock Exchange

55.61USD
22 Nov 2017
Change (% chg)

$0.04 (+0.07%)
Prev Close
$55.57
Open
$55.78
Day's High
$55.82
Day's Low
$55.44
Volume
125,832
Avg. Vol
240,575
52-wk High
$66.66
52-wk Low
$48.39

Latest Key Developments (Source: Significant Developments)

Pinnacle Foods reports Q3 earnings per share of $0.39
Thursday, 26 Oct 2017 07:45am EDT 

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 double-digit increase in qtrly dividend
Wednesday, 16 Aug 2017 08:30am EDT 

Aug 16 (Reuters) - Pinnacle Foods Inc ::Pinnacle Foods Inc announces double-digit increase in quarterly dividend.Increases quarterly cash dividend by 14 percent.Pinnacle Foods Inc - ‍directors has approved a 14% increase in company's quarterly cash dividend, from $0.285 per share to $0.325 per share​.Pinnacle Foods Inc- approved a 14% increase in company's quarterly cash dividend to $0.325 per share.  Full Article

BRIEF-Pinnacle Foods to buy frozen warehouse & vegetable packaging facility for $37.5 mln
Thursday, 10 Aug 2017 03:25pm EDT 

Corrects to add currency symbol in headline and first bullet:Entered agreement with Ryder Integrated Logistics to acquire frozen warehouse & vegetable packaging facility from Ryder for $37.5 million.Says acquisition will be funded with cash on hand.Expects to begin integration of facility into its supply chain network in second half of this year.Says acquisition will provide the company with incremental capacity beginning in early 2018 - SEC filing.  Full Article

Pinnacle Foods entered agreement to acquire frozen warehouse & vegetable packaging facility from Ryder Integrated for 37.5 mln
Wednesday, 9 Aug 2017 05:01pm EDT 

Aug 9 (Reuters) - Pinnacle Foods Inc :Pinnacle Foods-entered agreement with Ryder Integrated Logistics to acquire frozen warehouse & vegetable packaging facility from Ryder for 37.5 million.Pinnacle Foods Inc says acquisition will be funded with cash on hand.Pinnacle Foods Inc - expects to begin integration of facility into its supply chain network in second half of this year.Pinnacle Foods says acquisition will provide the company with incremental capacity beginning in early 2018 - SEC filing.  Full Article

Pinnacle Foods Q2 adjusted EPS $0.53 excluding items
Thursday, 27 Jul 2017 08:00am EDT 

July 27 (Reuters) - Pinnacle Foods Inc ::Pinnacle Foods reports second quarter fiscal 2017 results.Q2 adjusted earnings per share $0.53 excluding items.Q2 earnings per share view $0.52 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $2.55 to $2.60.Q2 earnings per share $0.16 including items.Q2 sales $744.6 million versus I/B/E/S view $764.4 million.FY 2017 earnings per share view $2.59 -- Thomson Reuters I/B/E/S.Maintained its guidance for adjusted EPS for 2017 and now expects to be at low end of range.Pinnacle Foods - Q2 net sales fell largely due to 2.6% unfavorable impact associated with Q2 2017 business exit of certain Aunt Jemima breakfast products.Pinnacle Foods-Q2 net sales fell due 0.9% unfavorable impact associated with both Boulder UK business wind-down and SKU rationalization program in H2 2016.  Full Article

Conagra-Pinnacle Foods deal talks have ended, not expected to re-engage- CNBC, citing sources
Friday, 2 Jun 2017 09:40am EDT 

June 2 (Reuters) - :Conagra, Pinnacle talks have ended, not expected to re-engage after they were far apart on value -CNBC, citing sources.Conagra and Pinnacle Foods were unable to agree on a price - CNBC, citing source.  Full Article

Pinnacle Foods to exit certain non-strategic Aunt Jemima frozen breakfast products
Monday, 8 May 2017 07:00am EDT 

May 8 (Reuters) - Pinnacle Foods Inc :Pinnacle foods to exit certain non-strategic Aunt Jemima frozen breakfast products.Decided to exit certain low-margin and non-strategic Aunt Jemima frozen breakfast products sold to retail and foodservice customers.Reaffirmed its guidance for adjusted diluted EPS in range of $2.55 to $2.60 for full-year of 2017..Anticipates a non-cash charge of approximately $50-$60 million for write-down of both tangible and intangible assets associated with exit.  Full Article

Pinnacle Foods voluntarily recalls Aunt Jemima Frozen Pancakes, Frozen Waffles & Frozen French Toast Slices due to possible listeria contamination
Friday, 5 May 2017 04:45pm EDT 

May 5 (Reuters) - Pinnacle Foods Inc :Pinnacle foods Inc voluntarily recalls Aunt Jemima Frozen Pancakes, Frozen Waffles & Frozen French Toast slices due to possible listeria contamination.Pinnacle Foods - no illnesses have been reported from as part of recall of Aunt Jemima Frozen Pancakes, Frozen Waffles & Frozen French Toast slices.Initiated recall after testing indicated presence of listeria monocytogenes in plant environment.  Full Article

Pinnacle Foods Q1 adjusted earnings per share $0.50 excluding items
Thursday, 27 Apr 2017 08:20am EDT 

April 27 (Reuters) - Pinnacle Foods Inc :Pinnacle Foods reports strong 1st quarter fiscal 2017 results.Reaffirms fy 2017 adjusted earnings per share view $2.55 to $2.60.Q1 adjusted earnings per share $0.50 excluding items.Q1 earnings per share $0.19 including items.Q1 sales rose 1.6 percent to $766.1 million.Q1 earnings per share view $0.46, revenue view $767.5 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $2.58 -- Thomson Reuters I/B/E/S.Pinnacle foods inc - reaffirmed its guidance for adjusted diluted earnings per share for year.Pinnacle foods inc - capital expenditures for full year are now estimated in range of $115 million to $125 million.Pinnacle foods - impact of easter in 2017 is expected to shift about 2% of net sales and approximately $0.01 of adjusted diluted eps from q1 to q2.Pinnacle foods-productivity for year continues to be estimated in range 3.5% to 4.0% of cost of products sold, excluding boulder brands acquisition synergies.  Full Article

Pinnacle Foods reorganizes executive management
Monday, 24 Apr 2017 04:15pm EDT 

April 24 (Reuters) - Pinnacle Foods Inc :Pinnacle Foods reorganizes executive management.Pinnacle Foods Inc - Mark Schiller will assume new role of executive vice president and chief commercial officer.Michael Barkley will assume role of executive vice president and president, boulder.Changes for both Schiller and Barkley will be effective May 1.  Full Article