TreeHouse lowers FY24 revenue view to $3.37B-$3.4B from $3.43B-$3.5B

Consensus $3.46B. Lowers FY24 adjusted EBITDA view to $335M-$345M from $360M-$390M. Backs FY24 capital expenditures view $145M. The company said, “We now expect adjusted net sales in the range of $3.37 to $3.40 billion, which represents approximately -2% to -1% year-over-year, and reflects weakening consumption trends as well as the estimated impact from the voluntary griddle recall. We are updating our expectations for adjusted EBITDA to a range of $335 to $345 million. This reflects weakening consumption trends and softer mix, which creates deleverage in our supply chain, as well as the estimated impact from the voluntary griddle recall.”