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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, Inc. (NYSE: THS) will host a webcast on May 9, 2022, at 8:30 a.m. ET to discuss its first quarter earnings results. CEO Steve Oakland and CFO Bill Kelley will provide insights and outlook for the year. An earnings release will be issued before the market opens on the same day, with accompanying slides available at 8:15 a.m. ET on the company's website. TreeHouse Foods specializes in private label foods and beverages in North America, operating approximately 40 facilities and offering various health-focused products.
TreeHouse Foods (NYSE: THS) today announced its strategic focus on growing its Snacking and Beverages business while exploring divestitures in its Meal Preparation segment. The Board decided against a full company sale, citing a complex business mix and current unfavorable economic conditions. The company reaffirms its 2022 guidance, targeting net sales growth of at least 11% year-over-year and adjusted EBITDA between $385 million and $415 million. Challenges in labor and supply chains are anticipated in the first half, with performance improvements expected in the latter half of the year.
TreeHouse Foods (THS) reported a fourth-quarter GAAP loss per diluted share of $(0.52) compared to earnings of $1.29 in Q4 2020. Adjusted earnings were $0.11, down from $1.07 year-over-year. Net sales were $1.17 billion, down 1% from last year, primarily due to supply chain disruptions impacting volume. The company anticipates at least 11% net sales growth in 2022, driven by pricing actions, although it expects challenges from labor and supply chain issues. A strategic review is ongoing, potentially leading to a sale or focus on the Snacking & Beverages sector.
TreeHouse Foods, Inc. (NYSE: THS) will hold an audio webcast on February 14, 2022, at 8:30 a.m. ET to discuss its fourth quarter earnings results. CEO Steve Oakland and CFO Bill Kelley will present the financial results and outlook for 2022. An earnings release will be issued prior to the market opening on the same day, with slides available at 8:15 a.m. ET. TreeHouse Foods is a leader in private label foods and beverages in North America.
TreeHouse Foods, Inc. (NYSE: THS) will present at the Bank of America Leveraged Finance Conference on November 30, 2021, at 9:00 a.m. ET. Senior management, including CEO Steve Oakland and CFO Bill Kelley, will lead the discussion. A live webcast can be accessed on the company’s website under the 'Investors' section. Presentation slides will follow the event, and a replay will be available for later viewing. TreeHouse Foods specializes in private label food and beverages across North America and Italy, emphasizing quality and affordability.
TreeHouse Foods (THS) published its 2021 Environmental, Social & Governance (ESG) Report, highlighting 2020 progress in sustainability across its North America operations. Key metrics included a 3.4% decrease in energy intensity and a 3.8% decrease in water intensity since 2016, with a landfill diversion rate of 79% and 37% of facilities achieving Zero-Waste-to-Landfill status. The report outlines future focuses on diversity, equity and inclusion, responsible sourcing, and sustainable packaging as part of its Agenda 2025 strategy.
TreeHouse Foods (THS) reported third-quarter GAAP earnings of $0.12 per diluted share, down from $0.20 a year prior. Adjusted earnings per diluted share was $0.46, compared to $0.71 in Q3 2020. Despite a 5.3% increase in net sales to $1.1 billion, gross profit margin fell to 16.3% due to rising inflation and supply chain disruptions. The company anticipates sales between $4.20 and $4.325 billion for 2021, with adjusted earnings guidance of $1.08 to $1.28. With ongoing inflation and elevated costs, TreeHouse is exploring strategic alternatives to maximize value while focusing on customer service and operational efficiency.
TreeHouse Foods (NYSE: THS) announced a plan to explore strategic alternatives, including a potential sale or divestiture of its Meal Prep business, aimed at focusing on its higher-growth Snacking and Beverages segment. This decision follows a year of engagement with shareholders and a strategic review initiated earlier in 2021. The company has significantly reduced its debt by over $800 million since 2016, positioning itself for future growth. TreeHouse has retained Evercore as its financial advisor and legal support from Sidley Austin LLP and Gibson Dunn for this exploration.
TreeHouse Foods, Inc. (NYSE: THS) will host a webcast for its third quarter earnings results on November 8, 2021, at 8:30 a.m. ET. Steve Oakland, CEO, and Bill Kelley, CFO, will discuss third quarter results and the company's outlook. An earnings release will precede the conference call, available before market opening. The webcast can be accessed on the company's website under the 'Investors' section. TreeHouse Foods is a major player in private label packaged foods and beverages, operating around 40 facilities in North America and Italy.
TreeHouse Foods (NYSE: THS) announces that senior management will present at the Barclays Global Consumer Staples Conference on September 8, 2021, at 4:00 p.m. EDT. CEO Steve Oakland and CFO Bill Kelley will speak during the event. Interested parties can access the live webcast on the company's website under the 'Investors' section, with slides posted afterward. TreeHouse Foods is a leading manufacturer of private label packaged foods in North America, operating approximately 40 production facilities.
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