date:Mar 10, 2014
strategy.
The business has proved highly accretive to Pinnacles earnings, contributing $38 million to net sales during the fourth quarter.
In its first year as a public company, Pinnacle posted double-digit earnings growth. Net earnings for the year ended Dec. 29, 2013, advanced 70% to $89,349,000, equal to 84c per share on the common stock, which compared with $52,519,000, or 65c per share, in the prior fiscal year. Net sales slipped to $2,463,802,000 from $2,478,485,000. Results reflect a s