Treehouse Foods (THS) Tops Q3 EPS by 7c; Offers FY23 Revenue Guidance
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TreeHouse Foods, Inc. Reports Third Quarter 2023 Results
November 6, 2023 6:55 AM ESTNet sales from continuing operations of $863.3 million increased by 3.6% versus the prior year; adjusted net sales1 including the divested Snack Bars business were $906.6 million, which compares to the Company's sales guidance range of $950 to $970 million. Adjusted net sales1 were adversely impacted by approximately $15 million due to a voluntary product recall and a discrete supply chain disruption late in the quarter.TreeHouse delivered 1% case unit growth in the core retail business (excluding acquisitions) and outperformed the broader private brand market in the retail... More
