(Reuters) - J.P. Morgan Securities, which has an "underweight" rating on the TreeHouse stock, said in a note to clients that the specialty food company missed the consensus estimate due to a struggling pickles business.
Pickle segment net sales fell 2.3 percent or $1.7 million from a year ago on continued softness in both food service and retail channels, the company said. The segment was impacted by higher costs of sweeteners, vinegar and packaging, it added.
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