Why TreeHouse Foods Shares Are Surging Today
Portfolio Pulse from Lekha Gupta
TreeHouse Foods Inc (NYSE: THS) reiterated its Q2 outlook and provided an update on 2023 guidance ahead of its investor day. The company raised its adjusted EBITDA outlook for 2023 and reaffirmed guidance for Q2 2023. THS expects to achieve cost savings of over $250 million from 2024 to 2027, led by investments related to supply chain optimization.
June 13, 2023 | 12:52 pm
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TreeHouse Foods raises its 2023 adjusted EBITDA outlook and reaffirms Q2 2023 guidance, expecting cost savings of over $250 million from 2024 to 2027.
The raised EBITDA outlook and reaffirmed guidance for Q2 2023 indicate that TreeHouse Foods is confident in its financial performance. The expected cost savings of over $250 million from 2024 to 2027, led by investments in supply chain optimization, will likely improve the company's profitability and attract investors, leading to a positive short-term impact on the stock price.
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