TreeHouse Q1 2021 Earnings Report
Key Takeaways
TreeHouse Foods reported a decrease in net sales by 2.5% to $1.06 billion, but delivered strong profitability with an adjusted gross profit margin of 18.1% and adjusted EPS of $0.36. The company reaffirmed its full year 2021 guidance.
Revenue of $1.06 billion, gross profit margin of 17.1% and adjusted gross profit margin of 18.1%.
Earnings per diluted share from continuing operations was $0.01 compared to a loss of $(0.58) for the same period in 2020.
Adjusted earnings per diluted share from continuing operations was $0.36 compared to $0.37 for the same period in 2020.
TreeHouse reaffirmed its full year 2021 guidance ranges of $2.80 - $3.20 for adjusted earnings per diluted share from continuing operations and $4.40 to $4.60 billion of reported net sales.
TreeHouse
TreeHouse
Forward Guidance
TreeHouse reaffirmed its full year 2021 guidance ranges for adjusted earnings per diluted share from continuing operations of $2.80 to $3.20 and reported net sales between $4.40 to $4.60 billion. TreeHouse is providing the following guidance ranges on a continuing operations basis for the second quarter: •Adjusted earnings per diluted share from continuing operations of $0.20 to $0.30 •Reported net sales between $1.02 and $1.07 billion •Interest expense between $18 and $19 million •Adjusted effective tax rate between 25% and 27%