THS - Why Food & Beverage Company TreeHouse Foods' Shares Are Falling Today | Benzinga
Treehouse Foods Inc (NYSE: THS) shares are trading lower by around 8% after the company reported Q3 FY23 results.
Sales from continuing operations grew 3.6% Y/Y to $863.3 million, missing the consensus of $947.3 million.
Adjusted net sales (including the divested Snack Bars business) stood at $906.6 million, below the guidance range of $950 million to $970 million, adversely impacted by around $15 million due to a voluntary product recall and a discrete supply chain disruption late in the quarter.
Total volume/mix (excluding acquisitions) declined 3.4% Y/Y on weakness in food-away-from-home and co-manufacturing business.
Adjusted EBITDA from continuing operations increased to $89.9 ...