Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Why TreeHouse Foods Shares Are Surging Today

Treehouse (Organization) THS Inflation
  • TreeHouse Foods Inc (NYSE:THS) reported first-quarter FY22 sales growth of 7.9% year-on-year to $1.14 billion, beating the consensus of $1.09 billion.
  • The gross profit for the quarter contracted 350 basis points Y/Y to 13.6%.
  • The company reported an operating loss of $(40.7) million versus an operating income of $11 million last year. The operating expenses rose 15% Y/Y to $195.7 million.
  • Adjusted EPS loss of $(0.15) beat the analyst consensus of $(0.52).
  • Adjusted EBITDA from continuing operations fell 43% to $57.5 million, primarily due to commodity and freight cost inflation.
  • The company held $192.8 million in cash and equivalents as of March 31, 2022.
  • Outlook: TreeHouse reaffirmed its FY22 sales growth outlook of at least 11% year-over-year. The company expects FY22 adjusted EBITDA of $385 million - $415 million.
  • Price Action: THS shares traded higher by 18% at $36.05 on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Emergency Exit
I told Lenny to quit teasing my servers. / I picked Gala apples. I picked Suncrisp apples.
The Walrus
The Walrus
Elevate your regular potato salad
On the hunt for a fresh spin on potato salad? Look no further
Salon
Salon
Their batteries hurt the environment, but EVs still beat gas cars. Here's why
NPR listeners wrote to ask whether the environmental harm from building EVs "cancels out" the cars' climate benefits. Experts say the answer is clear.
WEKU
WEKU
The Hunt for Gollum: are Peter Jackson and Andy Serkis making a Lord of the Rings fan film?
The duo’s newly announced collaboration almost certainly means the franchise is going to cover old ground – which makes you wonder, why bother?
The Guardian - UK
The Guardian - UK
95 Times Cats Made Their Owners Ask “What’s Wrong With My Cat” (New Pics)
We've collected some funny pics from the “What's Wrong With Your Cat” subreddit, showcasing kitties in full malfunction mode. The post 95 Times Cats Made Their Owners Ask “What’s Wrong With My Cat” (New Pics) first appeared on Bored Panda.
Bored Panda
Bored Panda
60 Mother’s Day Gifts That Drew Smiles And Chuckles (New Pics)
For all awesome moms out there, this list is for you. And if you're stumped on what to give her, here are some ideas to steal and make your own. The post 60 Mother’s Day Gifts That Drew Smiles And Chuckles (New Pics) first appeared on Bored Panda.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play