Why TreeHouse Foods Shares Are Slumping Friday



TreeHouse Foods, Inc. (NYSE:THS) shares are trading lower after the company reported mixed fourth-quarter results and issued FY24 outlook below estimates.

The company reported fourth-quarter adjusted EPS of 77 cents, beating the analyst consensus of 73 cents. Quarterly net sales of $910.8 million missed the consensus of $925.44 million.

The net sales decreased by 4.8%, primarily driven by volume/mix in the retail business, which was impacted by its previously disclosed supply chain disruption at one …

Full story available on Benzinga.com


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