- Pinnacle Foods (NYSE:NYSE:PF) reports North America Retail net sales rose 3.56% to $579.09M, reflecting a 2.8% benefit from Gardein, higher net price realization of 0.8% and higher volume/mix of 0.4%.
- Segment sales: Birds Eye Frozen: $317.89m (+8.02%); Duncan Hines Grocery: $261.2M (-1.40%); Specialty Foods: $86.19m (+1.57%).
- Gross profit rate improved 10 bps to 26.3%,
- EBIT margin rate remained consistent at 14.4%.
- FY2015 Guidance: Adjusted Diluted EPS: $1.86 to $1.91 (+7% to +10%); Ta rate: 38%; Diluted share count: ~117M.
- Q1 results