TreeHouse Foods Reaffirms FY23 Outlook; Q4 Results Top View

RTTNews | vor 843 Tagen

(RTTNews) - While reporting financial results for the first quarter on Monday, food and beverage maker TreeHouse Foods, Inc. (THS) reaffirmed its net sales growth and adjusted EBITDA guidance for the full-year 2023.

For fiscal 2023, the company continues to project net sales between $3.66 billion and $3.73 billion, with a sales growth of 6 to 8 percent, and adjusted EBITDA in the range of $345 million to $365 million.

On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $2.50 per share on revenues of $3.69 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company expects net sales between $810 million and $840 million and adjusted EBITDA in a range of $65 million to $80 million. Analysts expect earnings of $0.43 per share on revenues of $871.67 billion for the quarter.

For the first quarter, the company reported net income of $15.2 million or $0.27 per share, compared to a net loss of $3.0 million or $0.05 per share in the prior-year quarter. Net income from continuing operations was $0.34 per share, compared to a net loss from continuing operations of $0.25 per share last year.

Excluding items, adjusted earnings from continuing operations was $0.69 per share, compared to adjusted loss from continuing operations of $0.16 per share in the year-ago quarter.

Net sales for the quarter grew 15.8 percent to $894.8 million from $772.6 million in the same quarter last year.

The Street was looking for earnings of $0.40 per share on revenues of $850.84 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: THS

TreeHouse To Sell Lakeville Manufacturing Facility And Snack Bars Business To John B. Sanfilippo

TreeHouse Foods, Inc. (THS) announced Wednesday that it entered into a definitive agreement to sell its Lakeville, Minnesota-based manufacturing facility and snack bars business to John B. Sanfilippo & Son, Inc. (JBSS) for approximately $63 million in cash.

RTTNews | vor 722 Tagen

TreeHouse Foods Boosts FY23 Revenue Outlook As Q2 Revenues Tops View

While reporting financial results for the second quarter on Monday, food and beverage maker TreeHouse Foods, Inc. (THS) raised its nets sales guidance for the full-year 2023.

RTTNews | vor 752 Tagen

Farmer Brothers To Divest Direct Ship Business And Northlake, Texas Facility To TreeHouse Foods

Coffee roaster Farmer Brothers Co. (FARM) announced Wednesday it has entered into a definitive agreement to sell its direct ship business, including its Northlake, Texas facility to TreeHouse Foods, Inc. (THS) for approximately $100 million, subject to customary purchase price adjustments.

RTTNews | vor 813 Tagen

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | vor 20 Minuten

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | vor 30 Minuten

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | vor 42 Minuten

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | vor 53 Minuten

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | vor 59 Minuten

EURUSD	1.16687	GBPUSD	1.35056	AUDUSD	0.65227
USDJPY	147.006	USDCAD	1.37669	USDCHF	0.80215