TreeHouse Foods cuts sales outlook for 2024 after weak Q3 performance [Yahoo! Finance]
Treehouse Foods, Inc. (THS)
Last treehouse foods, inc. earnings: 2/13 06:55 am
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Source: Yahoo! Finance
The company now expects adjusted net sales to range between $3.37bn and $3.40bn for 2024, down from the $3.43bn to $3.50bn projected in the second quarter of 2024. This revision reflects weaker consumption trends and the anticipated impact of a voluntary griddle product recall. In October, TreeHouse expanded a recall necessary because of a potential listeria contamination affecting all products from one of its facilities in Ontario, Canada. TreeHouse has also lowered its full-year adjusted EBITDA forecast to a range of $335m to $345m, down from $360m to $380m previously. For the third quarter of 2024, TreeHouse reported net sales of $839.1m, a 2.8% decrease from $863.3m in the same period last year. This decline was largely driven by the recall, along with additional challenges, including an estimated $5m to $10m negative impact from Hurricane Helene, which disrupted distribution in the country's south-east, and pricing adjustments in certain commodity-driven categories.
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News
- TreeHouse Foods, Inc. (NYSE: THS) was downgraded by analysts at Consumer Edge from an "overweight" rating to an "equal weight" rating.MarketBeat
- TreeHouse Foods Q3 Earnings Meet, View Cut on Weak Consumption Trends [Yahoo! Finance]Yahoo! Finance
- TreeHouse Foods, Inc. (NYSE: THS) had its price target lowered by analysts at Truist Financial Co. from $35.00 to $30.00. They now have a "hold" rating on the stock.MarketBeat
- TreeHouse Foods Q3 Earnings: Too Messy, For Too Long [Seeking Alpha]Seeking Alpha
- TreeHouse Foods, Inc. (NYSE: THS) had its price target lowered by analysts at Barclays PLC from $39.00 to $32.00. They now have an "equal weight" rating on the stock.MarketBeat
THS
Earnings
- 11/12/24 - In-Line
THS
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 8-K
- 11/12/24 - Form 10-Q
- THS's page on the SEC website