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OAK BROOK, Ill. - TreeHouse Foods (NYSE:THS), Inc reported fourth quarter earnings on Friday that fell short of analyst expectations, while providing guidance for fiscal year 2025 below consensus estimates.
The private label food manufacturer posted adjusted earnings per share of $0.95 for Q4, missing the analyst estimate of $0.97. Revenue came in at $905.7 million, slightly below the consensus forecast of $907.72 million.
For the full year 2024, TreeHouse reported net sales of $3.35 billion and net income from continuing operations of $26.9 million. Adjusted EBITDA for the year was $337.4 million.
Looking ahead, the company issued initial guidance for fiscal 2025, projecting adjusted net sales in the range of $3.34 billion to $3.4 billion. This outlook falls short of the $3.42 billion analysts were expecting. TreeHouse anticipates adjusted EBITDA between $345 million and $375 million for the year.
"We closed a challenging 2024 with sequentially improved net sales trends, gross profit margin, and Adjusted EBITDA margin, all of which were in-line with our updated expectations," said Steve Oakland, Chairman, CEO and President.
For the first quarter of 2025, TreeHouse expects adjusted net sales between $785 million and $800 million, representing a YoY decline of approximately 3.5% at the midpoint. The company projects Q1 adjusted EBITDA in the range of $38 million to $46 million.
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