Treehouse Foods (NYSE: THS) reported Q1 EPS of $0.18, $0.05 better than the analyst estimate of $0.13. Revenue for the quarter came in at $1.48 billion versus the consensus estimate of $1.44 billion.

OUTLOOK

"In today's market, private label is highly relevant and is one of the keys to helping our customers differentiate themselves and build consumer loyalty," said Mr. Oakland. "As we improve our processes and put greater discipline in place, not only will we drive costs out, but we will better align our capabilities with our customers' needs. In turn, I believe we can take advantage of the underlying growth in private label."

The Company reaffirmed its 2018 adjusted guidance of $2.00 to $2.40 in earnings per fully diluted share. Regarding the second quarter of 2018, the Company expects adjusted earnings in the range of $0.20 to $0.30 per fully diluted share. The sequential increase compared to the first quarter of 2018 is driven by pricing realization, continued SG&A expense control, and operational improvement.

Because the Company cannot predict some of the key items impacting reported GAAP results, the second quarter forecast for both GAAP and adjusted earnings is the same. Regarding the full year, TreeHouse provided a GAAP earnings per fully diluted share guidancerange of $1.22 to $1.62. 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, 2018, equating to $0.78 per fully diluted share.

GUIDANCE:

Treehouse Foods sees FY2018 EPS of $2.00-$2.40, versus the consensus of $2.11.

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