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0 -0.00674831292176946 -0.0252436890777305 -0.0919770057485629 -0.0814796300924768 -0.0752311922019495 -0.0752311922019495 -0.045238690327418
Stock impact report

TreeHouse Foods misses sales expectations, warns on difficult consumer environment [Seeking Alpha]

Treehouse Foods, Inc. (THS) 
Last treehouse foods, inc. earnings: 2/13 06:55 am Check Earnings Report
US:NYSE Investor Relations: treehousefoods.gcs-web.com/node/5806
Company Research Source: Seeking Alpha
The multinational food processing company reported sales fell 4.8% year-over-year to $910.8M. The sales decline was primarily driven by volume/mix in the retail business, which was impacted by previously disclosed supply chain disruption at one of TreeHouse Foods' ( NYSE: THS ) broth facilities and in the pretzels and cookies categories. Additionally, planned distribution exits primarily in the in-store bakery and coffee categories contributed to the decrease. These items were partially offset by volume/mix from the acquisition of the Coffee Roasting Capability. Pricing was up 0.1% during the quarter, while volume was down 4.2%. Gross profit as a percentage of sales slumped to 16.7% from 18.3% a year ago. The decrease was noted to be primarily due to the supply chain disruption at a broth facility and from a packaging quality matter within the cookies and pretzels categories. Unfavorable fixed cost absorption due to lower volume, increased costs for labor and manufacturing plant ma Show less Read more
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