Treehouse Foods (NYSE: THS) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Treehouse Foods met expectations on revenues and beat expectations on earnings per share.

Compared with the prior-year quarter, revenue improved and GAAP earnings per share grew.

Gross margins dropped, operating margins shrank, net margins improved.

Revenue details
Treehouse Foods booked revenue of $523.8 million. The 12 analysts polled by S&P Capital IQ predicted net sales of $523.8 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $493.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.63. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.60 for Q1 were 11% higher than the prior-year quarter's $0.54 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 21.9%, 260 basis points worse than the prior-year quarter. Operating margin was 8.7%, 90 basis points worse than the prior-year quarter. Net margin was 4.2%, 20 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $533.2 million. On the bottom line, the average EPS estimate is $0.62.

Next year's average estimate for revenue is $2.22 billion. The average EPS estimate is $3.08.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 92 members out of 102 rating the stock outperform, and 10 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Treehouse Foods a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Treehouse Foods is hold, with an average price target of $60.50.

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