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Stock impact report

TreeHouse Foods (THS) Q4 Earnings Beat, Sales Decline Y/Y [Yahoo! Finance]

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: Yahoo! Finance
THS posted soft fourth-quarter 2023 results, as both the top and bottom lines declined year over year, and net sales fell short of the Zacks Consensus Estimate. The company's shares plummeted 15.5% during the trading session on Feb 16. Shares of THS have declined 11.4% in the past three months against the industry's growth of 4.3%. While operating amid a tough consumer landscape in the food and beverage space, management remains confident about its business as it enters 2024. The continued strength of the private brand space reflects robust prospects for this Zacks Rank #2 (Buy) company's products to consumers and retailers. This is likely to result in strong net sales growth in the second half of 2024 and thereafter. Though management expects its first-half results to be hurt by its broth business, it remains confident about its long-term position due to its relevant growth investments. Quarter in Detail TreeHouse Foods reported adjusted earnings of 77 cents per share, which Show less Read more
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