Pinnacle Foods (PF) Tops Q2 EPS by 1c; Reaffirms Low-End of Guidance

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Go back to Pinnacle Foods (PF) Tops Q2 EPS by 1c; Reaffirms Low-End of Guidance

Pinnacle Foods Reports Second Quarter Fiscal 2017 Results

July 27, 2017 8:01 AM EDT

PARSIPPANY, N.J., July 27, 2017 (GLOBE NEWSWIRE) -- Pinnacle Foods Inc. (NYSE: PF) today reported its financial results for the second quarter ended June 25, 2017 and reaffirmed its full-year guidance at the low end of its range.    

Diluted earnings per share in the second quarter of 2017, including items affecting comparability1, decreased to $0.16, versus $0.39 in the year-ago period. Excluding items affecting comparability, Adjusted Diluted EPS advanced 26% to $0.53, compared to $0.42 in the year-ago period.

Net sales in the second quarter of 2017 decreased 1.6% versus year-ago, largely due to a 2.6% unfavorable impact associated with the second... More