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PINNACLE FOODS INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Aug 2, 2018. Its latest SEC filing is a SC 13G/A from Feb 14, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Sells branded frozen, refrigerated and shelf-stable foods to retailers, distributors and foodservice businesses in North America.

How Did They Make Money?

Customers buy food products, with each sale counted when the products ship.

revenue

Who Were Their Customers?

Products reach retailers, wholesalers and distributors through a combined internal sales and broker network; other brokers serve foodservice and club channels.

Customers above 10% of revenue, FY2017
of revenue from one customer
FY2015: 27% from one customer

Did Revenues Turn Into Profits?

Yes. It kept 17 cents of every revenue dollar as net income in .

Operating income,
14% of revenue
▼ −6% vs ($479.6M, 15%)
Net income,
17% of revenue
▲ +152% vs ($211.1M, 7%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q2 FY2018, the three months to Jul 1, 2018
Revenue
▼ 0%
vs $744.6M in Q2 FY2017
Net income
▲ +202%
vs $18.7M in Q2 FY2017
  • Oct 26, 2018 Conagra completed its acquisition of Pinnacle Foods Pinnacle became a wholly owned Conagra subsidiary, and trading of its stock on the NYSE was suspended.
  • Jun 27, 2018 Conagra agreed to acquire Pinnacle Foods Pinnacle shareholders were to receive $43.11 in cash and 0.6494 Conagra shares for each Pinnacle share.

Grew. Revenue grew 28% in 4 years, from $2.5B in to $3.1B in , about 6% a year.

Boulder portfolio The latest report describes a separate Boulder segment for gluten-free foods, natural frozen meals and plant-based products; the older report placed gardein in Frozen.

Canadian operations Canadian operations shifted from the Grocery business to the Frozen business.

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