-=TreeHouse Foods (THS) reported earnings on Thur 1 Nov 2018 (b/o)

TreeHouse Foods beats by $0.07, misses on revs; guides Q4 EPS in-line; guides FY18 EPS in-line 

Reports Q3 (Sep) earnings of $0.62 per share, excluding non-recurring items, $0.07 better thanthe S&P Capital IQ Consensus of $0.55; revenues fell 10.0% year/year to $1.39 bln vs the $1.42 bln S&P Capital IQ Consensus.

• "Revenue decline in the quarter of 7.5% (excluding SKU rationalization impact of 2.3% and McCann's divestiture of 0.2%) was slightly greater than anticipated, as favorable pricing of 1.7% was offset by volume/mix declines primarily within the Snacks and Meals divisions. Pricing fully covered higher commodity, packaging, and freight costs"

Co issues in-line guidancefor Q4, sees EPS of $0.88-1.08, excluding non-recurring items, vs. $1.05 S&P Capital IQ Consensus.

• TreeHouse noted that while pricing related to Canadian tariffs is in place and will be reflected in the fourth quarter results, the Company does expect some ongoing headwind in the fourth quarter related to the impact of the hurricanes on both the operations and crop sourcing.

Co issues in-line guidancefor FY18, sees EPS of $2.05-2.25, excluding non-recurring items, vs. $2.15 S&P Capital IQ Consensus.