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Pinnacle Foods, Inc.

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Shares of Pinnacle Foods have outperformed the industry in the past year, primarily owing to a solid brand portfolio and robust strategic initiatives. Also, the company has been innovating products to offer variety and maintain market share. Moreover, it has been carrying out various acquisitions to grow its distribution network and customer base. Notable acquisitions include Boulder Brands and Duncan Hines. Additionally, Pinnacle Foods has an operational excellence program designed to generate annual productivity savings across the supply chain, which remains encouraging. However, the company’s Specialty segment has been witnessing sluggishness for quite some time and is expected to remain challenging in 2017. Also, its Pickle business is depicting weakness due to continued competitive environment in the form of pricing and innovation. Estimates have been stable ahead of the company’s third-quarter earnings release.

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