TREEHOUSE FOODS Reports Q2 FY2023 Earnings Results for Period Ending August 7, 2023

August 14, 2023

🌥️Earnings Overview

TREEHOUSE FOODS ($NYSE:THS) reported total revenue of USD 843.6 million for the second quarter of FY2023, which ended August 7, 2023, representing a decrease of 29.6% compared to the same quarter in FY2022. Net income for the quarter, however, increased 179.3% year over year to USD 23.3 million.

Price History

On Monday, TREEHOUSE FOODS reported their Q2 FY2023 earnings results for the period ending August 7, 2023. Their stock opened at $51.8 and closed at $50.0, a decrease of 3.8% from its previous closing price of $52.0. Looking ahead, TREEHOUSE FOODS is confident that their focus on cost control and operational efficiencies will enable them to remain profitable despite the ongoing macroeconomic challenges posed by the pandemic. Going forward, they will remain committed to increasing shareholder value and delivering solid returns for investors. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Treehouse Foods. More…

    Total Revenues Net Income Net Margin
    2.85k -75.4 4.2%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Treehouse Foods. More…

    Operations Investing Financing
    -173.9 301.9 -309.4
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Treehouse Foods. More…

    Total Assets Total Liabilities Book Value Per Share
    4.38k 2.65k 30.81
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Treehouse Foods are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -12.9% -13.0% 5.3%
    FCF Margin ROE ROA
    -9.0% 5.5% 2.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has performed an analysis on the wellbeing of TREEHOUSE FOODS, and according to our Star Chart, the company has an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that TREEHOUSE FOODS might be able to sustain future operations in times of crisis. The Star Chart also reveals that TREEHOUSE FOODS is strong in profitability, medium in asset, dividend, and growth. This has led us to classify TREEHOUSE FOODS as a ‘sloth’, a type of company we conclude that has achieved revenue or earnings growth slower than the overall economy. Such a company may be of interest to various types of investors. Those looking for a reliable dividend income or stability over time may see TREEHOUSE FOODs as a good option. Investors who are looking for a longer-term growth story may find TREEHOUSE FOODS an attractive prospect, as it has the potential to grow in the future. Finally, investors who are looking for a mix of both dividend income and capital appreciation may also consider an investment in TREEHOUSE FOODS. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company was founded in 2004 and offers a variety of food products, including condiments, snacks, and meal kits. The company’s products are sold under a number of brand names, including Treehouse, Mrs. Dash, and Orville Redenbacher’s. The company has a number of competitors in the food manufacturing industry, including Bega Cheese Ltd, Post Holdings Inc, and JM Smucker Co.

    – Bega Cheese Ltd ($ASX:BGA)

    Bega Cheese Ltd is an Australian cheese manufacturer. The company has a market cap of 1.02 billion as of 2022 and a return on equity of 2.08%. The company produces a variety of cheeses, including cheddar, mozzarella, Swiss, and Parmesan. It also produces processed cheese, butter, and cream.

    – Post Holdings Inc ($NYSE:POST)

    Post Holdings Inc is a food and beverage company that manufactures, markets, and sells branded packaged foods in the United States. The company has a market cap of $5.5 billion and a return on equity of 22.81%. The company’s products include cereal, granola, oatmeal, pancakes, breading, croutons, and condiments. The company’s brands include Post, Shredded Wheat, Great Grains, Honey Bunches of Oats, Raisin Bran, Grape-Nuts, and Honey Comb.

    – JM Smucker Co ($NYSE:SJM)

    The J.M. Smucker Company has a market capitalization of $15.94 billion as of March 2022 and a return on equity of 7.03%. The company produces and markets food and beverage products, including coffee, peanut butter, shortening and oils, ice cream toppings, frozen juices and drinks, canned fruits and vegetables, condiments, and baking mixes under the following brand names: Smucker’s, Folgers, Dunkin’ Donuts, Jif, Crisco, Pillsbury, R.W. Knudsen Family, Hungry Jack, CafĂ© Bustelo, Martha White, truRoots, Sahale Snacks, Robin Hood, and Bick’s.

    Summary

    Treehouse Foods reported its second quarter earnings for fiscal year 2023 on June 30th, showing an overall decrease in revenue of 29.6% year over year, yet a significant increase in net income of 179.3%. This led to a stock price drop same day. For investors, this report indicates that the company is having difficulty generating revenue and may be facing economic headwinds in the near future.

    However, the large improvement in net income suggests that the company has made efforts to improve its operations and might be turning a corner. Investors should keep a close eye on Treehouse Foods and monitor its performance going forward.

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