TreeHouse Foods (THS) Tops Q2 EPS by 1c

TreeHouse Foods (NYSE: THS) reported Q2 EPS of $0.84, $0.01 better than the analyst estimate of $0.83. Revenue for the quarter came in at $628 million versus the consensus estimate of $615.64 million.

TreeHouse Foods sees FY2014 EPS of $3.60-$3.75, versus the consensus of $3.67.

"The strength of our second quarter results is a testament to our well-executed private label strategy and our commitment to providing customers with a portfolio of products and services that consumers demand," said Sam K. Reed, Chairman, President and Chief Executive Officer. "We showed very strong growth in our Retail Grocery segment and delivered positive sales growth in pickles, salad dressings and beverages, as we posted triple-digit year-over-year growth in our single serve coffee business."

Mr. Reed continued, "We are particularly pleased to announce that we have successfully developed new single serve coffee products that will work in both existing and next generation coffee makers manufactured by the leading supplier of personal at-home brewing systems in the United States. We believe that our introduction of a private label compatible cup is exactly what customers and consumers want: choice, product variety, customization and price competition. We remain confident that innovation in the category will provide us with the avenue for new products and continued strong growth in the single serve beverage category, and we expect to begin shipping in the fourth quarter of this year."

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

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