TreeHouse Foods falls on slashed 2023 sales outlook

TreeHouse Foods

06/11/2023 18:11

** Shares of food processing co TreeHouse Foods Inc.  THS.N 
down 10% at $38.2 - hitting its lowest in nearly 18 months
    ** Co set to post worst day over three and half years, if
losses continue
    ** THS cuts FY adj. net sales outlook range to $3.43 bln to
$3.46 bln vs previous outlook of $3.71 to $3.78 bln due to
impact of voluntary product recall and divestiture of its snack
bars business
    ** Also posts lower Q3 revenue of $863.30 mln vs analysts'
estimates of $947.33 mln- LSEG Data 
    ** Stock down 22.7% YTD




 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))