Pinnacle Foods is a producer, marketer and distributor of high-quality, branded food products.  The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs.

Type
Subsidiary
Parent Company
ConAgra
HQ
Parsippany-Troy Hills, US
Founded
1998
Pinnacle Foods was founded in 1998 and is headquartered in Parsippany-Troy Hills, US
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Key People/Management at Pinnacle Foods

Mark A. Clouse

Mark A. Clouse

CEO, Chief Executive Officer and Director
Craig Steeneck

Craig Steeneck

CFO
Michael J. Barkley

Michael J. Barkley

Executive Vice President and President, Boulder
Mary Beth DeNooyer

Mary Beth DeNooyer

Executive Vice President and Chief Human Resources Officer
M. Kelley Maggs

M. Kelley Maggs

Executive Vice President, Secretary and General Counsel
Mark L. Schiller

Mark L. Schiller

Executive Vice President and Chief Commercial Officer
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Pinnacle Foods Office Locations

Pinnacle Foods has offices in Montrose and Parsippany-Troy Hills
Parsippany-Troy Hills, US (HQ)
399 Jefferson Rd
Montrose, US
2467 Henry Ladyn Dr
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Pinnacle Foods Financials and Metrics

Summary Metrics

Founding Date

1998
Pinnacle Foods is a subsidiary of ConAgra

Pinnacle Foods Revenue

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Pinnacle Foods's revenue was reported to be $3.13 b in FY, 2016 which is a 17.8% increase from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.5 b2.6 b2.7 b3.1 b

Revenue growth, %

5%2%18%

Cost of goods sold

1.8 b1.9 b1.9 b2.2 b

Gross profit

654.2 m681.2 m740.5 m916.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019

Revenue

572.5 m644 m617.8 m624 m665.3 m631.7 m636.3 m754.3 m756.4 m758.8 m766.1 m744.6 m749.8 m778.8 m1.5 b

Cost of goods sold

415.1 m477.4 m455.6 m460.1 m493.6 m462.6 m459.4 m555.7 m535.2 m530.1 m555 m580.2 m530.5 m572.4 m1.1 b

Gross profit

157.4 m166.7 m162.2 m163.9 m171.7 m169.1 m176.9 m198.6 m221.2 m228.7 m211.1 m164.4 m219.3 m206.4 m417.9 m

Gross profit Margin, %

27%26%26%26%26%27%28%26%29%30%28%22%29%27%27%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

116.7 m38.5 m180.5 m353.1 m249.8 m

Accounts Receivable

Inventories

361.9 m356.5 m403.1 m445.5 m489.8 m

Current Assets

792.3 m715.7 m857.6 m1.2 b1 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019

Cash

110.4 m158 m170.8 m140.5 m50.6 m53.4 m73 m81.4 m129.3 m164.9 m141.5 m130.9 m131.3 m77.7 m80.4 m

Inventories

394.3 m339.8 m339.2 m395.1 m344.7 m365.5 m445 m444.1 m441.2 m502.1 m454.4 m477.5 m543.6 m477.3 m507.9 m

Current Assets

802.1 m837.7 m842.3 m843.3 m720.5 m712.5 m801 m929.9 m930.5 m1 b912.3 m909.5 m991.3 m873.7 m868.6 m

Goodwill

1.4 b1.6 b1.6 b1.6 b1.7 b1.7 b1.7 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b2.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

89.3 m248.4 m212.5 m211.1 m

Depreciation and Amortization

78.2 m80.6 m89.7 m105.8 m

Inventories

16.1 m21.6 m(49 m)23.5 m

Accounts Payable

4.1 m24.9 m15.1 m61 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019Q2, 2019

Net Income

33.6 m40.7 m76.3 m212.3 m41.5 m85.2 m133.3 m24.8 m70.6 m123 m23.1 m41.8 m88.3 m56.9 m113.2 m

Depreciation and Amortization

57.7 m20.4 m40 m60 m20.9 m43.2 m67.4 m24.9 m51.7 m78.7 m27.1 m80.9 m107.4 m26.9 m54.3 m

Inventories

(36.2 m)22 m33.3 m(23.1 m)10.9 m(9.7 m)(90.3 m)26.5 m28.4 m(31.9 m)(8.7 m)(31.7 m)(96.6 m)11.9 m(19.1 m)

Accounts Payable

41.7 m12 m13.8 m54.9 m(1.8 m)(15 m)32.7 m27.2 m2.1 m31.6 m28.7 m35.4 m49.5 m20.9 m20.9 m
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Pinnacle Foods Online and Social Media Presence

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Pinnacle Foods News and Updates

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Pinnacle Foods, Inc.- PF

NEW YORK, July 30, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating the proposed sale of Pinnacle Foods Inc. ("Pinnacle") (NYSE: PF) to ...

WeissLaw LLP Investigates Pinnacle Foods, Inc. Acquisition

NEW YORK, June 28, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Pinnacle Foods, Inc. ("PF" or the "Company") (NYSE: PF) in connection with the proposed acquisition of the Company by Conagra...

Chef Boyardee and Birds Eye Are Getting Together in a $8.1 Billion Merger Between Conagra and Pinnacle Foods

To capitalize on growing demand for frozen foods — and fight off Amazon's Whole Foods.

Conagra to buy Pinnacle Foods for $8.1 billion, creating frozen food powerhouse

(Reuters) - Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion, trying to grab a bigger share of the snack and frozen food markets amid fierce competition in the packaged food industry.

UPDATE 3-Conagra to buy Pinnacle Foods for $8.1 billion, creating frozen food powerhouse

June 27 (Reuters) - Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion, trying to grab a bigger share of the snack and frozen food markets amid fierce competition in the packaged food industry.
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Pinnacle Foods Company Life and Culture

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