By Denny Jacob
TreeHouse Foods posted a slight decline in fourth-quarter sales as it closed out a challenging year, while its guidance for the current quarter and year came in below Wall Street's estimates.
The private-label food manufacturer logged net income of $58.7 million, or $1.15 a share, compared with $7.5 million, or 14 cents a share, a year earlier.
Stripping out one-time items, earnings were 95 cents a share. Analysts polled by FactSet expected 97 cents a share.
Sales edged down to $905.7 million from $910.8 million. Analysts expected $907.7 million.
Chief Executive Steve Oakland said the company closed a challenging 2024 with sequentially improved net sales trends and gross profit margins, among other metrics.
TreeHouse's challenges in the year included a voluntary recall of frozen griddle products and operational disruptions from Hurricane Helene.
For the first quarter, TreeHouse guided for adjusted sales in the range of $785 million to $800 million. Analysts polled by FactSet expected $830 million.
For fiscal 2025, TreeHouse guided for adjusted sales between $3.34 billion and $3.40 billion. Analysts polled by FactSet expected $3.43 billion.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 14, 2025 07:33 ET (12:33 GMT)
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