TreeHouse cuts FY23 revenue view to $3.44B-$3.47B from $3.71B-$3.78B

Consensus $3.74B. Backs FY23 adjusted EBITDA view $360M-$370M. Sees FY23 capital expenditures $140M. Oakland continued, “Looking ahead, we’re excited at the opportunity to capitalize on the increasing consumer pivot to private brands. We believe the actions our team has taken to strengthen our portfolio and enhance our capabilities, coupled with the reinvestment opportunities for the Seller Note proceeds, position us well to continue creating long-term value for our shareholders.”