Treehouse Foods Estimates FY24 Net Sales And Adjusted EBITDA Impact Of Roughly $60M & $20M, Respectively, Owing To Ongoing Efforts To Restart One Of Broth Facilities
Portfolio Pulse from Benzinga Newsdesk
Treehouse Foods has projected an impact on its FY24 net sales and adjusted EBITDA of approximately $60M and $20M, respectively, due to efforts to restart one of its broth facilities.
February 16, 2024 | 12:19 pm
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Treehouse Foods expects a decrease in FY24 net sales by $60M and adjusted EBITDA by $20M due to the restart of a broth facility.
The projected decrease in net sales and adjusted EBITDA for FY24 is a direct result of the costs and operational disruptions associated with restarting one of Treehouse Foods' broth facilities. This news is likely to concern investors as it directly impacts the company's financial performance and profitability in the short term. The significant relevance and importance scores reflect the direct impact of this operational issue on Treehouse Foods' financial outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100