Loading...
•
Sep 30, 2023
TreeHouse Q3 2023 Earnings Report
Reported a net sales increase and outperformed the private brand market, but sales were below expectations due to a product recall, supply chain disruption, and weaker co-manufacturing and food-away-from-home revenues.
Key Takeaways
TreeHouse Foods reported a 3.6% increase in net sales from continuing operations, reaching $863.3 million. The company delivered 1% case unit growth in its core retail business, outperforming the broader private brand market. Net income from continuing operations was $9.8 million, a significant improvement from the previous year's net loss of $(12.0) million. Adjusted EBITDA from continuing operations increased by $10.3 million to $89.9 million, with a margin of 10.4%.
Net sales from continuing operations increased by 3.6% year-over-year to $863.3 million.
Core retail business achieved 1% case unit growth, outperforming the broader private brand market.
Net income from continuing operations was $9.8 million, a significant improvement compared to the prior year.
Adjusted EBITDA from continuing operations increased by $10.3 million to $89.9 million, with a margin of 10.4%.
Forward Guidance
TreeHouse updated its full year adjusted net sales outlook to $3,435 to $3,465 million and reaffirmed its full year adjusted EBITDA outlook from continuing operations of $360 to $370 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...