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TreeHouse Foods' (THS) Q1 results reflect declines in the top and bottom lines, while emphasizing a strategic shift toward private brands and enhancing operational efficiencies.
TreeHouse Foods (THS) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.68 per share a year ago.
TreeHouse Foods, a packaged foods and beverages company, has seen a decline in revenue, profits, and cash flow metrics in recent times. Despite the current troubles, the company remains optimistic about its outlook and believes its shares are still attractively priced. Analysts expect the first quarter of the 2024 fiscal year to be weak for TreeHouse Foods, but management anticipates improvement for the rest of the year.
TreeHouse Foods (THS) battles supply-chain headwinds and macroeconomic challenges. However, the company's TMOS initiatives and focus on refining its portfolio offer respite.
TreeHouse Foods (THS) deals with supply-chain headwinds and elevated operating costs. Macroeconomic challenges impact overall food and beverage consumption.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
The heavy selling pressure might have exhausted for TreeHouse (THS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
TreeHouse Foods' (THS) fourth-quarter fiscal 2023 results reflect soft sales and earnings due to supply-chain hurdles at one of the broth facilities.
TreeHouse Foods (THS) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.98 per share a year ago.
Supply chain issues helped spoil the company's fourth quarter. Revenue and profits both fell in the quarter.