TreeHouse Foods tumbles on weak FY sales forecast

TreeHouse Foods

16/02/2024 12:49

** TreeHouse Foods'  THS.N  shares down 14.7% at $36.4
premarket
    ** THS sees annual sales below estimates from waning demand
and supply chain snags at one of its broth facilities and in the
co's pretzels and cookies segments
    ** Co sees FY net sales in the range of $3.43 bln to $3.50
bln, below est. of $3.56 bln - LSEG; Also misses Q4 sales est 
    ** However, beats adj. profit expectations on easing freight
and commodity costs
    ** Earns Q4 adj. EPS of 77 cents vs expectations of 73 cents
    ** THS stock down 16.06%, in 2023

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))