TreeHouse Foods Q2 Earnings Top Estimates

  • TreeHouse Foods Inc THS reported second-quarter FY22 sales growth of 19.4% year-on-year to $1.19 billion, beating the consensus of $1.10 billion.
  • The revenue increase was primarily driven by favorable pricing to partially recover commodity and freight cost inflation and increased volume within the Snacking & Beverages segment due to growing demand for private labels.
  • The gross profit for the quarter contracted 310 basis points Y/Y to 13.5%.
  • The company reported an operating loss of $(21.7) million versus a $4.1 million profit last year. The operating expenses rose 13.3% Y/Y to $183.6 million.
  • Adjusted EPS loss of $(0.04) beat the analyst consensus of $(0.13).
  • The adjusted EBITDA from continuing operations totaled $66.5 million, a 28.2% Y/Y decrease. The Adjusted EBITDA margin was 5.6%.
  • The company held $199.1 million in cash and equivalents as of June 30, 2022.
  • Outlook: TreeHouse raised sales growth to mid-to-high teens (prior view for growth of at least 11%), primarily driven by pricing actions to recover inflation. The company expects FY22 adjusted EBITDA of $385 million - $415 million.
  • Price Action: THS shares are trading higher by 5.72% at $45.12 on the last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!