More on TreeHouse Foods' Q4

|About: TreeHouse Foods, Inc. (THS)|By:, SA News Editor

TreeHouse Foods (NYSE:THS) reports net sales declined 4.2% in Q4 due to unfavorable Canadian foreign exchange, reduced volume/mix across most categories, and pricing concessions.

North American retail grocery net sales dropped 2.3% to $668.83M driven by a 1.0% decrease in volume/mix, a 0.9% unfavorable impact from foreign exchange, and reduced pricing.

Food away from home net sales fell 6.1% to $89.63M primarily due to 3.6% decline in volume/mix, a 1.8% unfavorable impact from foreign exchange, and reduced pricing.

Industrial and Export net sales squeezed 13.5% to $106.95M driven by an 8.1% decrease in volume/mix, a 2.7% unfavorable impact from foreign exchange, and reduced pricing.

Gross margin rate expanded 110 bps to 21% due to improved operating performance and favorable input costs.

Operating margin rate grew 50 bps to 8.8%.

The company expects adjusted EPS to be in the range of $0.38 to 0.43 for Q1.

FY2016 Guidance: Net sales: ~$6.3B to $6.5B; Gross margin rate: roughly flat Y/Y; Tax rate: 35% to 36%; Adjusted EPS: $2.95 to $3.10; Shares outstanding: ~56.7M.

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