Treehouse Foods (THS) Tops Q3 EPS by 2c

Treehouse Foods (NYSE: THS) reported Q3 non-GAAP EPS of $0.18, $0.02 better than the analyst estimate of $0.16. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.29 billion.

GUIDANCE:

• Net sales are expected to grow 22% - 24% year-over-year, primarily driven by pricing.
• Adjusted EBITDA is expected to be between $105 to $120 million. Adjusted EBITDA margin is anticipated in the range of 10.5% - 12.0%, representing substantial sequential improvement from the 8.8% in the third quarter, driven by the impact of pricing actions taken to date, peak seasonality and cost savings initiatives.
• Although the industry-wide labor and supply chain environment will continue to be challenging, the Company is making steady improvement around service which it expects to continue into 2023.

For earnings history and earnings-related data on Treehouse Foods (THS) click here.

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