Treehouse Foods (NYSE: THS) reported Q1 EPS of $0.61, $0.04 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $1.54 billion versus the consensus estimate of $1.54 billion.

OUTLOOK

"The retail landscape is evolving, and consumer buying patterns are shifting from traditional channels to specialized outlets and e-commerce channels. Many of our customers are responding by reinvesting in their corporate brands to offer consumers differentiated and more targeted offerings. Given the breadth and scope of our portfolio, we are uniquely positioned to serve our customers as they build their corporate brands," said Mr. Reed. "As we enter the second quarter, we are intensely focused on growing our top line, optimizing our operations, and averting margin compression as we enter an inflationary commodity environment."

TreeHouse expects the retail environment to remain soft in the second quarter of 2017. As noted during the first quarter, the Company expressed that its second quarter would be the lowest quarter of the year in terms of earnings. TreeHouse expects second quarter earnings per fully diluted share will be in the range of $0.45 to $0.55. Because the Company cannot predict some of the items included in reported GAAP results, such as the impact of foreign exchange, the second quarter forecast for both GAAP and adjusted earnings is the same.

With regard to the full year, TreeHouse provided a GAAP earnings per fully diluted share guidance range of $3.38 to $3.58 and reiterated its full year adjusted earnings per share guidance range of $3.50 to $3.70. The difference between the full year GAAP and adjusted (non-GAAP) guidance ranges is related to the impact of adjusting for the items noted in the earnings per share reconciliation table for the three months ended March 31, 2017, equating to $0.12 per fully diluted share.

For earnings history and earnings-related data on Treehouse Foods (THS) click here.