Treehouse Foods (THS) Tops Q2 EPS by 2c, Lowers FY Guidance

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Go back to Treehouse Foods (THS) Tops Q2 EPS by 2c, Lowers FY Guidance

TreeHouse Foods, Inc. Reports Second Quarter 2017 Results and Revises Full Year Guidance; Company Launches TreeHouse 2020 Restructuring Program

August 3, 2017 6:58 AM EDT

OAK BROOK, Ill., Aug. 3, 2017 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) today reported a second quarter GAAP loss per fully diluted share of $0.60 compared to GAAP earnings of $0.33 reported for the second quarter of 2016. The Company reported adjusted earnings per fully diluted share1 for the second quarter of $0.51 compared to adjusted earnings of $0.60 for the second quarter of 2016.

"Although we delivered adjusted earnings within the range of our second quarter guidance and we are seeing gross margin improvement, our recovery has been slower than we originally anticipated," said Sam... More