TreeHouse Foods Manages Sales Beat In Q2 Amid Challenges, Reaffirms 2024 Topline Outlook
Portfolio Pulse from Akanksha Bakshi
TreeHouse Foods Inc (NYSE:THS) reported a Q2 2024 sales decline of 1.9% year-over-year to $788.5 million, beating the consensus of $783.649 million. Despite challenges, the company reaffirmed its 2024 topline outlook. Gross margin contracted, and operating loss was reported. Adjusted EPS beat expectations. The company repurchased shares and provided optimistic Q3 and 2024 outlooks.
August 05, 2024 | 1:47 pm
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TreeHouse Foods reported a Q2 2024 sales decline of 1.9% but beat consensus estimates. Adjusted EPS also surpassed expectations. The company reaffirmed its 2024 outlook and provided optimistic Q3 guidance. Shares traded higher by 2.05%.
Despite a year-over-year sales decline, TreeHouse Foods beat consensus estimates for Q2 sales and adjusted EPS. The reaffirmation of the 2024 outlook and optimistic Q3 guidance likely contributed to the positive market reaction, with shares trading higher by 2.05%.
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