Treehouse Foods Down 10.22% To $38.12 After Earnings

Treehouse Foods (THS) said before open Monday that it broke even in quarter three 2023.

In the same quarter a year ago, the company earned $0.18 per share on revenue of $1.3 billion.

The stock is down 10.22% to $38.12 after the report.

Treehouse Foods's profit margins maintained as both earnings and revenue declined at the same pace.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Treehouse Foods has performed a little below average during the past few months. Before the report, Treehouse Foods received a Long-Term Technical Rank by InvestorsObserver of 34, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $38.18 on October 12, 2023 and set a 52-week high on May 8, 2023 at $55.3.

TreeHouse Foods, the largest private label manufacturer in the U.S., is the product of a slew of acquisitions, the most significant being the 2016 acquisition of Ralcorp, Conagra's former private brands business. The firm plays in over 25 categories, including snacks like pretzels and cookies, meals like pasta and dry dinners, and single-serve beverages like pods and ready-to-drink coffee. Retailers represent its most significant end-market, where it sells products for resale under retailer brands, but it also serves foodservice customers (providing a similar service as its retail business), industrial (selling bulk food for repackaging and repurposing), and branded consumer goods firms (under co-packing arrangements).