Parsippany / NJ. (pf) In connection with investor meetings the Company is planning to conduct in New York City, Pinnacle Foods Inc. affirmed its outlook for full year 2017 Adjusted diluted EPS in the range of 2.55 USD to 2.60 USD, representing growth of approximately 20 percent at the mid-point of the range.
Forecasted Adjusted diluted EPS provided herein is a non-GAAP measure. The Company does not provide guidance for the most directly comparable GAAP measure, diluted EPS, and similarly cannot provide a reconciliation between forecasted Adjusted diluted EPS and diluted EPS without unreasonable effort due to the unavailability of reliable estimates for certain line items, such as non-cash gains or losses resulting from mark-to-market adjustments of hedging activities and foreign currency impacts. These items are not within the Company’s control and may vary greatly between periods and could significantly impact future financial results.
The Company believes that Adjusted diluted EPS provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing its primary operating results from period to period after removing the impact of unusual, non-operational or restructuring-related activities that affect comparability. Adjusted diluted EPS is used by management for planning and budgeting and for monitoring and evaluating financial and operating results.
