NYSE$THS
TreeHouse Foods Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
TreeHouse Foods reported second quarter results, navigated unprecedented operating environment, completed the sale of the Ready-to-eat Cereal business, and repurchased shares.
TreeHouse Foods reported a decrease in revenue to $1.00 billion compared to $1.04 billion for the same period in 2020. The company reported a GAAP loss per diluted share from continuing operations of $(0.09) compared to $(0.05) for the same period in 2020. Adjusted earnings per diluted share from continuing operations was $0.26 compared to $0.58 for the same period in 2020.
- Revenue of $1.00 billion compared to $1.04 billion for the same period in 2020.
- Loss per diluted share from continuing operations was $(0.09) compared to $(0.05) for the same period in 2020.
- Adjusted earnings per diluted share from continuing operations was $0.26 compared to $0.58 for the same period in 2020.
- Completed $25 million in share repurchase in Q2
Headline financials
Revenue & EPS history
TreeHouse · Revenue · Quarterly
$1B
Forward guidance
TreeHouse revised its full year 2021 guidance ranges for adjusted earnings per diluted share from continuing operations of $2.00 to $2.50, reported net sales between $4.20 to $4.45 billion, and free cash flow of $250 - $300 million. For the third quarter, TreeHouse is providing guidance for adjusted earnings per diluted share from continuing operations of $0.45 - $0.60 and reported net sales between $1.05 and $1.16 billion.
Tailwinds
- Ongoing retailer support for private label.
- Strategic investments being made in the business.
- Meaningful growth and shareholder value creation opportunities ahead.
- Focused on accelerating strategic journey to build depth and competitive advantage in growth categories.
- Well positioned to capitalize on the opportunities across the private label landscape, while maintaining a balanced capital allocation approach of investing in the business, maintaining a strong balance sheet and returning capital to shareholders.
Headwinds
- Reduction was primarily driven by the second quarter revenue shortfall.
- Continued uncertainty within the macroeconomic environment and its impact on consumer purchasing behavior.
- Further escalation in commodity, freight, and packaging costs.
- The timing lag related to the impact of pricing actions taken to recover higher input costs.
- Disappointed to reduce full year 2021 guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
-1.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
-1.9%
Avg return
30 days after
43%
29 / 67 earnings
Positive
+23.3%
Q3 2025
Best reaction
-36.5%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +23.3% | +25.9% | +25.4% | |
| Q2 2025 | -6.5% | -3.5% | -10.7% | |
| Q1 2025 | -5.5% | -3.5% | -6.6% | |
| Q4 2024 | -0.6% | -8.4% | -15.2% | |
| Q3 2024 | -15.1% | -12.9% | -8.5% | |
| Q2 2024 | -5.1% | +0.4% | +5.1% | |
| Q1 2024 | -4.7% | -5.2% | -0.9% | |
| Q4 2023 | -14.2% | -14.1% | -14.1% | |
| Q3 2023 | -9.0% | -8.8% | -2.8% | |
| Q2 2023 | -9.9% | -8.9% | -14.0% | |
| Q1 2023 | -1.4% | -4.1% | -10.4% | |
| Q4 2022 | -1.4% | +1.1% | -2.1% | |
| Q3 2022 | -2.5% | -2.6% | -2.1% | |
| Q2 2022 | +8.0% | +11.4% | +3.5% | |
| Q1 2022 | +22.7% | +27.0% | +28.1% | |
| Q4 2021 | +15.4% | +14.8% | -5.6% | |
| Q3 2021 | +3.9% | — | — | |
| Q2 2021 | -6.3% | — | — | |
| Q1 2021 | +0.8% | — | — | |
| Q4 2020 | -2.5% | — | — | |
| Q3 2020 | -6.0% | — | — | |
| Q2 2020 | -4.6% | — | — | |
| Q1 2020 | +5.2% | — | — | |
| Q4 2019 | -0.7% | — | — | |
| Q3 2019 | -11.0% | — | — | |
| Q2 2019 | -3.8% | — | — | |
| Q1 2019 | -13.0% | — | — | |
| Q4 2018 | +0.0% | — | — | |
| Q3 2018 | -1.9% | — | — | |
| Q2 2018 | +8.6% | — | — | |
| Q1 2018 | +20.6% | — | — | |
| Q4 2017 | -11.0% | — | — | |
| Q3 2017 | -36.5% | — | — | |
| Q2 2017 | -11.6% | — | — | |
| Q1 2017 | -12.1% | — | — | |
| Q4 2016 | +12.1% | — | — | |
| Q3 2016 | -20.5% | — | — | |
| Q2 2016 | -1.5% | — | — | |
| Q1 2016 | +8.1% | — | — | |
| Q4 2015 | +2.4% | — | — | |
| Q3 2015 | +1.3% | — | — | |
| Q2 2015 | -3.0% | — | — | |
| Q1 2015 | -10.4% | — | — | |
| Q4 2014 | -9.8% | — | — | |
| Q3 2014 | -5.8% | — | — | |
| Q2 2014 | +3.1% | — | — | |
| Q1 2014 | -4.0% | — | — | |
| Q4 2013 | +10.7% | — | — | |
| Q3 2013 | -2.1% | — | — | |
| Q2 2013 | +4.0% | — | — | |
| Q1 2013 | -0.0% | — | — | |
| Q4 2012 | +11.0% | — | — | |
| Q3 2012 | -1.8% | — | — | |
| Q2 2012 | -12.7% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2008 | +2.1% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | -1.7% | — | — | |
| Q2 2011 | +2.8% | — | — | |
| Q1 2010 | +0.7% | — | — | |
| Q1 2011 | +2.2% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q3 2009 | +5.9% | — | — | |
| Q3 2010 | +5.9% | — | — | |
| Q4 2009 | +4.4% | — | — | |
| Q2 2009 | +4.4% | — | — | |
| Q2 2010 | +4.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro