Treehouse Foods (THS) Tops Q4 EPS by 6c; Reiterates Outlook
Treehouse Foods (NYSE: THS) reported Q4 EPS of $1.08, $0.06 better than the analyst estimate of $1.02. Revenue for the quarter came in at $865.4 million versus the consensus estimate of $866.3 million.
GUIDANCE:
Treehouse Foods sees FY2016 EPS of $2.95-$3.10, versus the consensus of $3.07.
"We finished the year strong, and our employees deserve a great deal of credit for continuing to focus on improving our operations and driving excellent margin progress," said Sam K. Reed, Chairman, President and Chief Executive Officer. "While overall market conditions remained soft and weakness in the Canadian dollar persisted, both of which weighed on our top line, we are very proud to have delivered margin expansion of 150 basis points in the fourth quarter."
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