Cancel OK

Pinnacle Foods Reports Third Quarter Fiscal 2017 Results

Gross profit in the third quarter of 2017 declined to $219.3 million, or 29.2% of net sales, compared to gross profit of $228.7 million, or 30.1% of net sales, in the prior-year period, including the benefit versus year-ago of items affecting comparability. This performance reflected discrete costs totaling $15 million from the AJ Exit and accelerated manufacturing investments initiated in the second quarter of 2017, as well as a negative hurricane impact of approximately $4 million. Offsetting these factors were the benefits of the strong underlying net sales growth and continued strong productivity.

To access this information directly from the company, click here.

Twitter

Gross profit in the third quarter of 2017 declined to $219.3 million, or 29.2% of net sales, compared to gross profit of $228.7 million, or 30.1% of net sales, in the prior-year period, including the benefit versus year-ago of items affecting comparability. This performance reflected discrete costs totaling $15 million from the AJ Exit and accelerated manufacturing investments initiated in the second quarter of 2017, as well as a negative hurricane impact of approximately $4 million. Offsetting these factors were the benefits of the strong underlying net sales growth and continued strong productivity.

To access this information directly from the company, click here.

Twitter