THS - Why TreeHouse Foods Shares Are Slumping Friday | Benzinga
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 ...