Treehouse to the Outhouse (THS)

Treehouse Foods, Inc. (NYSE: THS) is hard to imagine that things could be this bad.  The food products manufacturing outfit makes many brands you are familiar with in grocery stores and it is even capitalizing off of the private-label brand trend happening in grocery stores today.  If you looked at the reaction to earnings, you might think a scandal was underway.

CNBC’s Herb Greenberg noted on Twitter today, “Most interesting part of $THS guidance: “meaningful” shift in its sales from traditional grocery customers to the likes of club stores.”

The company’s earnings summary is lower guidance for its fourth quarter results at $0.84 to $0.87 EPS versus $1.07 EPS expected from Thomson Reuters.  Its revenue guidance of $535 million is well under the $566.74 million expected by analysts.

Treehouse shares are down 12.4% at $55.05 and the 52-week trading range is $46.73 to $67.25.  This is the lowest share price since early September and it is now within striking distance of the lows of August.