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TreeHouse Foods, Inc. (NYSE: THS) is a major private label food and beverage manufacturer in North America. The company focuses on producing high-quality food products including snacks (crackers, pretzels, cookies), beverages (nondairy creamer, coffee, tea), and various grocery items (pickles, refrigerated dough, hot cereal, cheese, pudding). The primary sales channel for TreeHouse Foods is retail grocery stores, where products are sold under the retailers' brands. Other channels include co-manufacturing and foodservice.
Founded with a strategic vision and a commitment to quality, TreeHouse Foods has grown significantly over the years. In 2016, TreeHouse acquired Ralcorp, Conagra's former private-label business, marking a major expansion. However, the company has since streamlined its operations, divesting several businesses to focus on high-growth categories.
Recently, TreeHouse Foods signed a definitive agreement with The J.M. Smucker Co. to acquire the Bick's® pickles, Habitant® pickled beets, Woodman's® horseradish, and McLarens® pickled onions brands for approximately $20 million. This acquisition will enhance TreeHouse Foods' presence in the pickles category and provide entry into the Canadian market.
TreeHouse's financial health demonstrates resilience and strategic growth. The company reported a 3.6% increase in net sales for Q3 2023, totaling $863.3 million, driven by the acquisition of Coffee Roasting Capability and favorable pricing. Despite some challenges such as a voluntary product recall, TreeHouse expanded its gross margin and achieved a 13% year-over-year increase in adjusted EBITDA.
As of Q4 2023, TreeHouse Foods further reported net sales of $910.8 million. The company faced some challenges due to supply chain disruptions, but it continues to focus on strengthening its portfolio and enhancing capabilities, particularly in the private brands market which has seen significant growth.
The company's latest financial results indicate a solid start to fiscal 2024, with net sales of $820.7 million for Q1 2024. TreeHouse is making strides in its commercial pipeline, despite a challenging consumer environment and some operational hurdles.
As a leader in the private label sector, TreeHouse Foods remains committed to delivering excellent service to its customers and creating long-term value for its shareholders through strategic investments and operational efficiencies.
TreeHouse Foods (NYSE: THS) has released its 2024 Environmental, Social & Governance (ESG) Report, highlighting progress made in 2023 towards its 2030 ESG Goals. As a leading private brands snacking and beverage manufacturer in North America, TreeHouse Foods has integrated ESG work throughout its value chain. Key achievements include:
- Reduced Scope 1 & 2 greenhouse gas emissions by 4.4%
- Reduced Food Loss & Waste by 16.2%
- Reduced water withdrawn in manufacturing operations by nearly 17%
- Increased employee engagement and expanded Employee Resource Group membership by 23%
- Increased use of RSPO-certified palm oil by 5%
- Increased use of post-consumer recycled content by 8%
The company also conducted a prioritization assessment to align its ESG strategy with stakeholder priorities and distributed a Responsible Supplier Survey to strategic suppliers.
TreeHouse Foods (NYSE: THS) will announce its second quarter 2024 financial results on August 5, 2024, before market open.
The company will host an earnings call and webcast at 8:30 a.m. ET to discuss the results and outlook for the year. An Earnings Presentation will be available on the company's investor relations website before the call, and a replay of the webcast will be accessible afterward.
TreeHouse Foods is a major private brands snacking and beverage manufacturer in North America, focused on delivering excellent service and growth for both the company and its customers.
TreeHouse Foods (NYSE: THS) announced its participation in key investor conferences in June 2024. On June 5, 2024, the company will present at the William Blair 44th Annual Growth Stock Conference in Chicago, Illinois, starting at 4:00 p.m. CT. The session will be available via a live audio webcast on the company's website, with a replay also accessible later.
Furthermore, TreeHouse Foods will be attending the Jefferies Consumer Conference in Nantucket, Massachusetts, on June 17-18, 2024, engaging in investor meetings throughout the event.
TreeHouse Foods is a prominent private brand snacking and beverage manufacturer in North America, focusing on customer engagement and delivering outstanding service.
TreeHouse Foods, Inc. reported net sales of $820.7 million for the first quarter of 2024, exceeding the guidance range of $780 to $810 million. The company's adjusted EBITDA was $46.0 million and it reaffirmed its 2024 annual guidance with net sales expected to be between $3.43 to $3.50 billion, adjusted EBITDA of $360 to $390 million, and free cash flow of at least $130 million. Despite a net loss from continuing operations of $(11.7) million, TreeHouse remains optimistic about its commercial pipeline and growth prospects.
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