SAN DIEGO, Nov. 3, 2016 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP has commenced an investigation of TreeHouse Foods, Inc. (NYSE: THS) concerning possible violations of federal securities laws. TreeHouse operates as a food and beverage manufacturer in the United States and Canada.
On November 3, 2016, TreeHouse reported third-quarter profit of $37.2 million or 65 cents per share. Earnings, adjusted for one-time gains and costs, came to 70 cents per share. These results did not meet Wall Street expectations as the average estimate of nine analysts was 77 cents per share. TreeHouse posted revenue of $1.59 billion in the period, also missing forecasts.
TreeHouse also lowered its full-year profit forecast and said it would close a plant in Delta, British Columbia and cut jobs at its facility in Battle Creek, Michigan.
In a separate announcement on November 3, 2016, TreeHouse announced that Christopher D. Sliva has tendered his resignation as President in order to pursue another career opportunity.
On this news, shares traded down over 20% in pre-market trading on November 3, 2016.
If you have information that could assist in this investigation, including past employees and others, or if you are an TreeHouse shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/treehouse-ths-alert-shareholder-rights-law-firm-johnson--weaver-llp-announces-investigation-of-treehouse-foods-inc-investors-encouraged-to-contact-firm-300356871.html
SOURCE Johnson & Weaver, LLP