TreeHouse Foods up after quarterly revenue tops estimates, volumes rise

TreeHouse Foods

14/02/2025 18:10

** Shares of food processing company TreeHouse Foods  THS.N 
rise as much as 22.6% to over a three-month high of $40.77
    ** Company posts fourth-quarter adjusted net sales of $911.4
million vs estimates of $907.7 million, per data compiled by
LSEG
    ** Fourth-quarter volumes rose 3.8% compared to a 0.8%
decline in previous quarter on strong performance in categories
including pretzels, in-store bakery and cookies
    ** However quarterly adjusted EPS of 95 cents narrowly
missed expectations of 97 cents
    ** THS also sees annual adjusted net sales of $3.34 billion
to $3.40 billion vs estimates of $3.45 billion, and adjusted
EBITDA between $345 million and $375 million vs estimates of
$378.2 million
    ** Brokerage William Blair says volume rise in the fourth
quarter is a positive trend given the slower food industry unit
sales, believes forecasts have upside potential as it offers
headroom to drive profitability
    ** One of nine brokerages rate the stock "strong buy" and
eight "hold," with a median PT of $35
    ** THS fell 15.3% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))