News

TreeHouse Foods Reports Declining Profit in Q2, But Sales Rise

1 Mins read

TreeHouse Foods, a leading private-label food and drink maker, experienced a decrease in profit in the second quarter. However, despite declining volumes, the company managed to increase its sales by 4.1% due to higher prices.

In the same quarter last year, TreeHouse Foods reported a loss of $29.4 million, or 53 cents a share. This year, they posted a profit of $23.3 million, or 41 cents a share. Adjusted earnings, excluding one-time items, were in line with analyst forecasts at 42 cents a share.

Sales for the quarter reached $843.6 million, up from $810.2 million the previous year. Analysts had expected sales to reach $831.8 million.

The company attributed the growth in sales to the implementation of higher prices. However, they also noted a decline in volumes. TreeHouse Foods explained that this decline was mainly due to the fulfillment of certain customer orders earlier than planned in the first quarter, as well as shifting food and beverage consumption trends.

Despite a decrease in profit, TreeHouse Foods saw their shares rise by 1.9% to $53 in premarket trading.

Related posts
News

Bitcoin Hits Record $113K as $575M in Shorts Get Liquidated - TokenPost

1 Mins read
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, soared to a new all-time high of $113,541 on the Bitstamp exchange at…
News

Govt enacts law to regulate VAs, plans pilot for digital currency - Daily Times

2 Mins read
The Virtual Assets Act, 2025 creates the Pakistan Virtual Asset Regulatory Authority (PVARA), a new autonomous regulator to supervise the virtual asset…
News

Funeral home owner accused of stashing decaying bodies expected to plead guilty in federal court

1 Mins read
DENVER – A funeral home owner in Colorado accused of storing nearly 190 decomposing bodies in a room-temperature building and defrauding the…

Leave a Reply

Your email address will not be published. Required fields are marked *

70 + = 73