Pinnacle Foods Backs 2014 Profit View - Quick Facts

(RTTNews) - Convenience foods company Pinnacle Foods Inc. (PF) affirmed its guidance for 2014, including its outlook for double-digit earnings per share growth for the year.

The company said it will be meeting with investors later today at a CAGNY-sponsored luncheon in New York City, during which the company plans to discuss its long-term strategy to create value and affirm its previous guidance for 2014.

In March 6, the company noted that it expected adjusted earnings per share growth for fiscal 2014 to be in the range of 12% - 15%, or an adjusted earnings per share range of $1.70 - $1.75, after giving effect to stock-based compensation expense. Analysts polled by Thomson Reuters expect the company to report earnings of $1.74 per share for fiscal 2014. Analysts' estimates typically exclude special items.