TreeHouse (THS) Tops Q2 Earnings, Cuts View On Soft Volumes
Zacks Investment Research | Aug 03, 2017 09:01PM ET
TreeHouse Foods, Inc. (NYSE:THS) posted second-quarter 2017 results wherein adjusted earnings of 51 cents came ahead of the Zacks Consensus Estimate of 49 cents. Although earnings were within management’s guided range of 45–55 cents, the same had declined 15% from the prior-year earnings.
Results for the quarter were hurt by unfavorable market conditions, pricing lag from commodity cost increases and operating inefficiencies related to lower than anticipated volumes. Following the results, the company lowered its full year earnings guidance.
We note shares of this Illinois based company were down over 11% on Aug 3. In fact this Zacks Rank #4 (Sell) stock has decreased 25.9% in the past one year in comparison to the Original post
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