TreeHouse Foods Q2 Earnings Highlights: Earnings Beat, 4% Sales Growth, Margin Expansion & More
Portfolio Pulse from Nabaparna Bhattacharya
TreeHouse Foods, Inc. (NYSE:THS) reported Q2 sales growth of 4.1% YoY to $843.60 million, beating the consensus of $829.85 million. Adjusted EPS improved to 42 cents, beating the consensus estimate of 40 cents. The company also reported a gross margin expansion and a decrease in total operating expenses. The company expects Q3 revenue of $950 million-$970 million, representing approximately 10% YoY growth at the midpoint. FY23 net sales growth is now expected to be 7.5%-9.5% YoY.
August 07, 2023 | 1:22 pm
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TreeHouse Foods reported strong Q2 results, beating sales and EPS estimates. The company also expects strong Q3 and FY23 revenue growth.
TreeHouse Foods reported strong Q2 results, with sales growth of 4.1% YoY and an improved adjusted EPS, both beating estimates. This positive financial performance, along with the company's strong Q3 and FY23 revenue growth expectations, is likely to have a positive impact on the company's stock price in the short term.
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