TreeHouse Foods Reaffirms Q1, FY14 Earnings Expectations - Quick Facts

(RTTNews) - For its first quarter of 2014, TreeHouse Foods, Inc. (THS) Monday confirmed its expectations for adjusted earnings and said that sales exceeded expectations. The company also reaffirmed its guidance for 10 to 13 percent earnings growth in 2014.

The food manufacturer expects adjusted earnings per share of $0.77 to $0.80 for the first quarter. The company said it expects first-quarter sales of about $619 million, a 14.6 percent rise, helped by acquisitions and 3.4 percent volume/mix contribution.

For the full year 2014, the company expects earnings per share of $3.50 to $3.60 before considering the effect of Protenergy acquisition.

"Separately, we are also pleased to be announcing the acquisition of Protenergy Natural Foods this morning, a manufacturer of premium quality food and beverage products," said Sam Reed, CEO Chief Executive Officer of TreeHouse Foods.