Treehouse Foods (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.