Pinnacle Foods (PF) Tops Q1 EPS by 1c

Pinnacle Foods (NYSE: PF) reported Q1 EPS of $0.36, $0.01 better than the analyst estimate of $0.35. Revenue for the quarter came in at $644 million versus the consensus estimate of $649.3 million.

North America Retail net sales increased 7.6% to $559.2 million in the first quarter of 2014, compared to $519.7 million in the year-ago period, reflecting an 8.7% benefit from Wish-Bone and slightly higher volume/mix of 0.1%, including the unfavorable impact of the Easter shift. Also impacting the comparison were lower net pricing of 0.8% related to higher new product introductory costs and unfavorable foreign currency translation of 0.4%.

For earnings history and earnings-related data on Pinnacle Foods (PF) click here.

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