TreeHouse Reiterates 2016 Adj. EPS Guidance - Quick Facts

(RTTNews) - TreeHouse Foods, Inc. (THS) reiterated its guidance of $2.95 to $3.10 in adjusted earnings per share in 2016. TreeHouse expects net sales to double in 2016 to approximately $6.3-$6.5 billion, driven by the addition of the Private Brands Business.

In regard to the first quarter of 2016, the company expects earnings will be challenged due to the acquisition of the Private Brands Business, which has a margin structure that is lower than the legacy TreeHouse business, integration expenses, and ongoing weakness in foreign exchange. As a result, first quarter adjusted earnings per share are expected to be in the range of $0.38 to $0.43 per share.