Pinnacle Foods says Hillshire Brands failed deal caused 'six weeks' distraction Pinnacle Foods (PF) says it has not lost any key executives following the "six weeks of distraction" caused by its aborted merger with Hillshire Brand (HSH). The company said it lost six weeks to investigate other M&A during that time, but that Pinnacle plans to be a consolidator and is back and active on exploring M&A opportunities. Comments from Pinnacle Foods' Q2 earnings conference call.
Pinnacle Foods sees FY15 adjusted EPS $1.86-$1.91, consensus $1.91 Sees FY15 input cost inflation estimated at 3%-3.5%; Sees FY15 productivity estimated at range of 3%-4%. Sees FY15 effective tax rate of 38%.