TreeHouse Foods Continues To Expect FY24 Net Sales Of $3.43B - $3.50B, Which Represents Approximately 0% To 2% Y/Y Growth; Est $3.455B
Portfolio Pulse from Benzinga Newsdesk
TreeHouse Foods reaffirms its 2024 outlook, expecting net sales between $3.43 billion and $3.50 billion, representing 0% to 2% year-over-year growth. The company also projects free cash flow of at least $130 million and narrows its adjusted EBITDA outlook to $360 to $380 million.
August 05, 2024 | 10:59 am
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TreeHouse Foods reaffirms its 2024 outlook with net sales expected between $3.43 billion and $3.50 billion, representing 0% to 2% year-over-year growth. The company also projects free cash flow of at least $130 million and narrows its adjusted EBITDA outlook to $360 to $380 million.
The reaffirmation of the 2024 outlook with stable net sales and positive free cash flow projections is likely to instill investor confidence, potentially leading to a short-term positive impact on TreeHouse Foods' stock price.
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