TreeHouse Foods Dips Lower After Preannouncing Q4 Results

Shares of TreeHouse Foods Inc. (NYSE: THS) were trading lower by 0.29 percent at $68.30 early Friday morning after the company pre-announced its fourth quarter and full year 2015 results and offered initial 2016 guidance.

TreeHouse Foods expects its fourth quarter revenue to be in a range of $860 million to $870 million. Wall Street analysts were projecting the company's revenue to be $877.05 million.

TreeHouse Foods also expects to earn $3.14 to $3.17 per share for the full fiscal year, exceeding Wall Street's expectations of $3.08 per share.

Finally, TreeHouse Foods guided its full year 2016 earnings per share to be in a range of $2.95 to $3.10 - short of the $3.26 per share Wall Street analysts were expecting.

"We will be true to our strategy, established at our founding in 2005, to drive shareholder value by building an industry leading portfolio of private label products that offer our customers value without compromise," said Sam K. Reed, Chairman and Chief Executive Officer of TreeHouse Foods. "We are delighted to be entering the final stages to unite TreeHouse with ConAgra's private brands businesses. Together, we will grow stronger as the industry leader in customer brands and custom products, extending our reach in the grocery store by over 10 shelf stable and refrigerated food categories, as we continue to support our customers' efforts to build their corporate brands and offer consumers the best combination of choice and value."