Treehouse Foods (THS) Misses Q4 EPS by 4c
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TreeHouse Foods, Inc. Reports Fourth Quarter and Full Year 2022 Results
February 13, 2023 6:55 AM ESTDelivered Net Sales Growth of 22% in the Fourth Quarter; Over 300 Basis Points of Sequential Improvement in Profitability
Anticipates FY23 Outlook for Net Sales Growth of 6% - 8% and Adjusted EBITDA2 Between $345 to $365 Million, Representing Year-over-Year Improvement of 20% to 27%
Issues Annual Growth Target Expectations Beginning in 2024 of 3% - 5% in Net Sales, 8% - 10% in Adjusted EBITDA2 and Free Cash Flow2 of At Least $200 Million Over 3+ Years
FOURTH QUARTER HIGHLIGHTS
Net sales increased year-over-year by 22.0% to $996.2 million, primarily driven by pricing actions to recover... More