Treehouse Foods Q2 Adj EPS $0.42 Beats $0.40 Estimate, Sales $843.60M Beat $829.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Treehouse Foods reported Q2 earnings of $0.42 per share, beating the analyst consensus estimate of $0.40 by 5%. The company also reported quarterly sales of $843.60 million, beating the estimate of $829.85 million by 1.66%. However, this represents a 29.58% decrease over sales of $1.20 billion from the same period last year.
August 07, 2023 | 10:56 am
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Treehouse Foods' Q2 earnings and sales beat estimates, but sales decreased by 29.58% YoY.
While Treehouse Foods beat Q2 earnings and sales estimates, the significant YoY decrease in sales could potentially offset the positive impact of the earnings beat. This mixed result makes the short term price direction uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100