TreeHouse Foods, Inc. Provides Financial Guidance for the First Quarter and Full Year of Fiscal 2024
February 16, 2024 at 06:55 am EST
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TreeHouse Foods, Inc. provided financial guidance for the first quarter and full year of fiscal 2024. For the fiscal year 2024, the company?s net sales are expected in the range of $3.43 to $3.50 billion, which represents growth of approximately 0% to 2% year-over-year.
For the first quarter of 2024, the company?s net sales are expected in the range of $780 to $810 million, which is down approximately 7% year-over-year at the mid-point of the range.
TreeHouse Foods, Inc. is a manufacturer and distributor of private label foods and beverages in North America. The Company's portfolio includes beverage and drink mix offerings, which include non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages, and grocery offerings, which include pickles, refrigerated dough, hot cereal, and cheese and pudding. The Company sells its products to retail, co- manufacturing, and food-away-from-home customers in shelf-stable, refrigerated, and frozen formats. It also offers its customers a range of value and nutritional solutions, including natural, organic, and gluten-free products. It owns pickle branded assets, including Bick's pickles, Habitant pickled beets, Woodman's horseradish and McLarens pickled onion brands. The Company sells its products through various distribution channels, including retailers, food service distributors, co-manufacturers, and industrial and export channels.