Headquartered in Parsippany, NJ, Pinnacle Foods (NYSE:PF), the leading manufacturer, marketer and distributor of high-quality branded food products reported mixed results for the first quarter recently. Market share performance for the frozen segment remained very strong. The Birds Eye vegetables and Birds Eye meals gained 1.7 and 1.9 market share points, respectively.
The first quarter was kind of a mixed bag. Though the earnings seemed good, the revenues could have been better. Favourable product mix has been an important contributor to gross margin improvement. The plus point is- it boasts of a strong portfolio and is pursuing constant innovation. Continue Reading »