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Pinnacle Foods Inc (PF.N)

PF.N on New York Stock Exchange

66.27USD
4:02pm EDT
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$-0.73 (-1.09%)
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Volume
205,948
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Latest Key Developments (Source: Significant Developments)

Pinnacle Foods Announces Completion Of Debt Refinancing Activities
Thursday, 15 Mar 2018 04:15pm EDT 

March 15 (Reuters) - Pinnacle Foods Inc ::PINNACLE FOODS ANNOUNCES COMPLETION OF DEBT REFINANCING ACTIVITIES.‍ITS UNIT COMPLETED REFINANCING OF ITS SENIOR SECURED CREDIT FACILITIES IN A SIGNIFICANTLY OVERSUBSCRIBED TRANSACTION​.‍AFFIRMS OUTLOOK FOR 2018 ADJUSTED DILUTED EARNINGS PER SHARE OF $2.85 - $2.95, WHICH CONTEMPLATED BENEFIT OF REFINANCING IN 2018​.FY2018 EARNINGS PER SHARE VIEW $2.89 -- THOMSON REUTERS I/B/E/S.  Full Article

Pinnacle Foods Q4 Earnings Per Share $3.71
Thursday, 1 Mar 2018 08:00am EST 

March 1 (Reuters) - Pinnacle Foods Inc ::. REPORTS Q4 AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $3.71.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $2.85 TO $2.95.SEES 2018 ADJUSTED DILUTED EPS IN THE RANGE OF $2.85 TO $2.95‍​.QTRLY NET SALES $883.5 MILLION VERSUS $858.5 MILLION.Q4 EARNINGS PER SHARE VIEW $0.94, REVENUE VIEW $895.6 MILLION -- THOMSON REUTERS I/B/E/S.PINNACLE FOODS-IN 2018,UNDERLYING NET SALES EXPECTED TO GROW AHEAD OF CATEGORY TRENDS,&BENEFIT OF $11 MILLION FROM LAPPING AJ RECALL TO ALSO DRIVE GROWTH.IMPACT OF EARLIER EASTER IN 2018 EXPECTED TO MODESTLY BENEFIT Q1 2018 NET SALES, WITH CORRESPONDING OFFSET IN Q2.FOR 2018, NET INTEREST EXPENSE IS FORECASTED IN RANGE OF $123 MILLION TO $126 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $0.94.SEES 2018 CAPITAL EXPENDITURES IN THE RANGE OF $155 MILLION TO $165 MILLION."FAVORABLE SPREAD BETWEEN PRODUCTIVITY AND INFLATION" IS EXPECTED TO NARROW SIGNIFICANTLY IN 2018.INPUT COST INFLATION FOR 2018 ESTIMATED IN RANGE OF 3.8% TO 4.2%, WITH FIRST HALF INFLATION HIGHER THAN THE SECOND HALF.2017 DILUTED EPS INCLUDES ONE-TIME, NON-CASH BENEFIT OF $2.80 PER SHARE AS RESULT OF U.S. TAX REFORM.PINNACLE FOODS - REGARDING LONG-TERM GROSS MARGIN OBJECTIVE, VO EXPECTS TO ACHIEVE TARGET OF 300-400 BASIS POINTS OF IMPROVEMENT VERSUS 2016 BY 2020.FY2018 EARNINGS PER SHARE VIEW $2.84 -- THOMSON REUTERS I/B/E/S.QTRLY UNDERLYING NET SALES DECLINE LARGELY REFLECTED REDUCTION OF RETAIL INVENTORY LEVELS IN QUARTER AT SEVERAL LARGE CUSTOMERS‍​.  Full Article

Pinnacle Foods Reaffirms Outlook For 2017
Wednesday, 13 Dec 2017 04:15pm EST 

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 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

Exclusive: Dealmaker Chu, Pinnacle chairman partner to buy consumer firms: sources

NEW YORK Chinh Chu, a former Blackstone Group dealmaker, has partnered with Pinnacle Foods Chairman Roger Deromedi for a special purpose acquisition company (SPAC) focused on buying consumer companies, people familiar with the matter said on Monday.