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Pinnacle Foods updates guidance, plans refinancing

Jan. 23, 2017 12:49 PM ETPinnacle Foods (PF) StockBy: Clark Schultz, SA News Editor
  • Pinnacle Foods (NYSE:PF +0.1%) says it plans to refinance its senior secured credit facilities in order to improve its debt profile.
  • The company also updates guidance, saying it expects 2016 sales of $3.125B-$3.13B vs. $3.12B consensus and 2017 EPS of $2.43 to $2.48. Pinnacle trades with a 21.5 price/earnings ratio at the high end of the guidance.
  • Source: Press Release

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