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.
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
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Treehouse Foods. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Treehouse Foods. More…
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…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Treehouse Foods are shown below. More…
Income Statement Ratios
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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
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.
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, Café Bustelo, Martha White, truRoots, Sahale Snacks, Robin Hood, and Bick’s.
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.