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NEW YORK - TreeHouse Foods Inc. (NYSE:THS), the private-label food manufacturer, reported better-than-expected first quarter earnings and reaffirmed its full-year outlook on Tuesday.
The company’s shares jumped 4.69% in premarket trading following the release.
The Oak Brook, Illinois-based company posted adjusted earnings per share of $0.03, handily beating analyst estimates for a loss of $0.24 per share. Revenue came in at $792 million, slightly below the consensus forecast of $793 million but down 3.5% year-over-year.
TreeHouse said its adjusted EBITDA of $57.5 million exceeded the upper end of its guidance range for the quarter. The company attributed the strong performance to execution of supply chain savings initiatives, favorable pricing to recover commodity inflation, and the accretive impact of its Harris Tea acquisition.
"I am grateful to the entire TreeHouse team for its execution this quarter, which resulted in Adjusted EBITDA that exceeded the upper-end of our guidance range," said Steve Oakland, Chairman, CEO and President.
While sales declined, TreeHouse reaffirmed its full-year 2025 outlook, projecting revenue of $3.34 billion to $3.40 billion and adjusted EBITDA of $345 million to $375 million. The company expects free cash flow of at least $130 million for the year.
For the second quarter, TreeHouse forecasts revenue of $785 million to $800 million and adjusted EBITDA of $61 million to $71 million.
TreeHouse stock has gained over 15% year-to-date.
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