TreeHouse Foods falls on bleak Q2 forecast

TreeHouse Foods

08/05/2023 16:35

** Shares of food processing co TreeHouse Foods Inc  THS.N 
down 1.5% at $53.47
    ** Co forecasts Q2 rev in range of $810 mln - $840 mln,
below est. of $871.7 mln - Refinitiv
    ** Reaffirms FY net sales growth guidance of 6% to 8%
year-over-year
    ** Co posts Q1 adj. profit of $0.68/shr, above Street
expectations of $0.40/shr
    ** Reports 15.8% increase in Q1 net sales to $894.8 mln
    ** THS stock up 8.8% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))