TreeHouse Foods Stumbles As Sales Dip And Griddle Recall Hits Q3 Earnings; CEO Bets on Future Margins [Yahoo! Finance]
Treehouse Foods, Inc. (THS)
Last treehouse foods, inc. earnings: 2/13 06:55 am
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Source: Yahoo! Finance
Adjusted net sales for the quarter stood at $854.4 million, excluding the voluntary griddle product recall . A voluntary recall of frozen griddle products, distribution disruptions from Hurricane Helene, and selective price adjustments in key categories drove a decline in net sales. The quarter's gross margin contracted 30 basis points year over year to 15.6%. The operating margin was 3.8%, down 10 bps year over year. Adjusted EBITDA from continuing operations was $102.5 million (+14% YoY), and the margin was 12.2%. Total operating expenses for the quarter were $99.4 million, down $4.5 million YoY, driven by reduced freight costs, lower expenses for growth initiatives, and decreased employee incentive compensation. Adjusted EPS was $0.74, missing the analyst consensus of $0.75. Net cash used in operating activities reached $30.4 million in the first nine months of 2024, compared to $11.0 million in operating cash flow in 2023. As of September end, the company held $102 mill
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News
- TreeHouse Foods, Inc. (NYSE: THS) was downgraded by analysts at Consumer Edge from an "overweight" rating to an "equal weight" rating.MarketBeat
- TreeHouse Foods Q3 Earnings Meet, View Cut on Weak Consumption Trends [Yahoo! Finance]Yahoo! Finance
- TreeHouse Foods, Inc. (NYSE: THS) had its price target lowered by analysts at Truist Financial Co. from $35.00 to $30.00. They now have a "hold" rating on the stock.MarketBeat
- TreeHouse Foods Q3 Earnings: Too Messy, For Too Long [Seeking Alpha]Seeking Alpha
- TreeHouse Foods, Inc. (NYSE: THS) had its price target lowered by analysts at Barclays PLC from $39.00 to $32.00. They now have an "equal weight" rating on the stock.MarketBeat
THS
Earnings
- 11/12/24 - In-Line
THS
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 8-K
- 11/12/24 - Form 10-Q
- THS's page on the SEC website