Pinnacle Foods (PF) Reports In-Line Q1 EPS

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Go back to Pinnacle Foods (PF) Reports In-Line Q1 EPS

Pinnacle Foods Inc. Reports 1st Quarter Fiscal 2016 Results

April 28, 2016 8:02 AM EDT

PARSIPPANY, N.J., April 28, 2016 /PRNewswire/ -- Pinnacle Foods Inc. (NYSE: PF) today reported its financial results for the first quarter ended March 27, 2016 and reaffirmed its guidance for adjusted diluted earnings per share of $2.08 to $2.13 for the year, representing growth versus year-ago of approximately 10% at the midpoint.

Consolidated net sales in the first quarter of 2016 increased 13.4% versus year-ago, largely reflecting the benefits of the Boulder Brands acquisition, which closed on January 15, 2016, and growth of the Birds Eye Frozen segment, partially offset by lower sales of the Duncan Hines Grocery... More