TreeHouse Foods Guides FY22 Net Sales Above Estimates; Fourth Quarter Earnings Top View – Quick Facts
(RTTNews) – During the release of fourth quarter financial results on Monday, TreeHouse Foods, Inc. (THS) launched its net sales growth and adjusted EBITDA guidance for the full year 2022.
For fiscal 2022, the company now expects net sales growth of at least 11% and adjusted EBITDA of between $385 million and $415 million.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.90 per share on revenue growth of 3.4% to $4.43 billion for the year. Analyst estimates generally exclude special items.
For the fourth quarter, the company reported a net loss of $29.1 million or $0.52 per share, compared to net income of $34.4 million or $0.61 per share in the quarter. last year. Excluding items, adjusted earnings from continuing operations were $0.11 per share, compared to $1.07 per share in the prior year quarter.
Net sales for the quarter fell 1.0% to $1.17 billion from $1.18 billion in the same quarter last year as supply chain disruption had a significant impact on the company’s ability to respond to increased demand.
The Street was looking for earnings of $0.09 per share on revenue of $1.12 billion for the quarter.
As previously announced, the board continues to explore strategic alternatives, including a possible sale of the company or a transaction allowing the company to focus on its fastest growing snacks and beverages business by divesting a portion important part of its meal preparation activity.
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