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TreeHouse Foods Q3 Earnings: Too Messy, For Too Long
Seeking Alpha· 2024-11-13 17:24
If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!In the fall of last year, I concluded that shares of TreeHouse Foods, Inc. ( NYSE: THS ) were muddling along. The company announced the sale of a majority stake in the meal preparation business to ...
TreeHouse Foods, Inc. Renews Share Repurchase Authorization
Prnewswire· 2024-11-13 11:55
OAK BROOK, Ill., Nov. 13, 2024 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) announced today that its Board of Directors has approved a $400 million share repurchase authorization. This renewal maintains the existing annual cap of $150 million. The Company will repurchase shares opportunistically and the authorization is open ended. The Company can begin repurchasing shares immediately."Today's announcement is a reflection of continued execution of our capital allocation strategy and indicates our Board ...
TreeHouse Foods Crumbles Under Results, Listeria Concern
Seeking Alpha· 2024-11-13 00:13
November 12th was a bad day for shareholders of TreeHouse Foods, Inc. (NYSE: THS ). As I type this while trading for the day is still going on, shares of the company areCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discussion of the sect ...
TreeHouse Foods (THS) Q3 Earnings Match Estimates
ZACKS· 2024-11-12 14:10
TreeHouse Foods (THS) came out with quarterly earnings of $0.74 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this food maker would post earnings of $0.13 per share when it actually produced earnings of $0.29, delivering a surprise of 123.08%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.TreeHouse, which belongs to ...
TreeHouse Foods, Inc. Reports Third Quarter 2024 Results
Prnewswire· 2024-11-12 11:55
Achieves Expected Supply Chain SavingsUpdates 2024 Outlook Net sales were $839.1 million. Excluding the voluntary griddle product recall, adjusted net sales were $854.4 million. Net loss from continuing operations was $(3.4) million. Adjusted EBITDA1 of $102.5 million was within the Company's guidance range of $98 to $108 million. Updated 2024 outlook now calls for adjusted net sales of $3.37 to $3.40 billion, adjusted EBITDA of $335 to $345 million, and free cash flow2 of at least $120 million.OAK BROOK, I ...
TreeHouse Foods' Q3 Earnings Coming Up: Things to Note About THS
ZACKS· 2024-11-08 15:55
TreeHouse Foods, Inc. (THS) is likely to register top and bottom-line growth when it reports third-quarter 2024 earnings on Nov. 12. The Zacks Consensus Estimate for revenues is pegged at $879.9 million, implying a 1.9% increase from the prior-year quarter’s reported figure. The consensus mark for earnings has remained unchanged in the past 30 days at 74 cents per share, indicating an increase of 29.8% from the figure reported in the year-ago quarter. THS has a trailing four-quarter earnings surprise of 25. ...
TreeHouse Foods Announces Expansion of Voluntary Recall to Include All Waffle and Pancake Products Due to the Potential for Listeria monocytogenes Contamination
Prnewswire· 2024-10-22 10:55
Core Point - TreeHouse Foods, Inc. is expanding its voluntary recall to include all products manufactured at one facility due to potential contamination with Listeria monocytogenes [1][2]. Product Recall Details - The recall includes frozen toaster waffles, Belgian waffles, and pancake products that are still within their shelf-life [1]. - Affected products were distributed throughout all states and provinces in the United States and Canada [1]. - Consumers can identify recalled products by checking the UPC on the back of the carton, along with the Lot Code and Best By Date, which range from 12 to 18 months depending on the product [1]. Specific Products Involved - The recall includes various products under different brand names, such as: - 365 Everyday Organic Waffles (multiple varieties) [3] - Always Save Buttermilk Pancakes and Waffles [3] - Best Choice Waffles (multiple varieties) [3] - Bettergoods Protein Waffles [3] - Breakfast Best Waffles and Pancakes [3] - Brookshire's Buttermilk Pancakes [3] - Central Market Gluten Free Waffles [3] - Clover Valley Waffles [3] - Culinary Tours Belgian Waffles [3] - Food Lion Waffles (multiple varieties) [3] - Full Circle Waffles [3] - Good & Gather Waffles [5] - Private Selection Belgian Waffles [6] - Trader Joe's Waffles [6] - Wegmans Organic Waffles [6] Health Risks - Listeria monocytogenes can cause serious infections, particularly in vulnerable populations such as young children, the elderly, and those with weakened immune systems [1].
TreeHouse Foods Announces Voluntary Recall of Certain Waffle Products Due to the Potential for Listeria monocytogenes Contamination
Prnewswire· 2024-10-18 10:55
OAK BROOK, Ill., Oct. 18, 2024 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) is voluntarily recalling certain frozen waffle products listed below due to the potential to be contaminated with Listeria monocytogenes. Listeria monocytogenes is an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdo ...
Is TreeHouse Foods Stock a Buy or Hold at a P/E Multiple of 14.3X?
ZACKS· 2024-10-03 16:41
TreeHouse Foods, Inc. (THS) is trading at an attractive valuation, considering its price-to-earnings (P/E) multiple, which is lower than both the Zacks Food – Miscellaneous industry and the broader Zacks Consumer Staples sector. THS' forward 12-month P/E ratio is 14.28, lower than the industry average of 16.41 and the sector average of 18.12. This discrepancy in valuation suggests that the stock may be undervalued relative to its peers, presenting a compelling opportunity for investors seeking value in the ...
TreeHouse Foods' Secret Sauce: Why THS Stock is Poised for Growth
ZACKS· 2024-09-12 18:40
TreeHouse Foods, Inc. (THS) has established a strong market position by capitalizing on two major long-term consumer trends, which include the increasing demand for private-label groceries in North America and the expanding popularity of snack products. With its diverse portfolio, THS is well-positioned to capture a growing share in this evolving market. As private brands have steadily gained market share over the past 20 years, TreeHouse Foods has demonstrated its capacity to address consumer needs while m ...