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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 (THS) reported first-quarter 2022 net sales of $1.14 billion, a 7.9% increase year-over-year. However, the company faced a GAAP loss per diluted share of $(0.05) compared to earnings of $0.01 in 2021. Adjusted EBITDA decreased by 43.5% to $57.5 million due to inflationary pressures and supply chain issues, despite successful pricing strategies. The company reaffirmed its fiscal 2022 net sales guidance of at least 11% growth and adjusted EBITDA guidance of $385-$415 million. Labor and supply chain challenges are expected to affect profitability in the first half of 2022.
TreeHouse Foods, Inc. (NYSE: THS) has appointed Joseph E. Scalzo to its Board of Directors effective immediately. Scalzo brings over 30 years of experience in the consumer packaged goods industry, having led companies such as Atkins Nutritionals and Dean Foods. His extensive background is expected to enhance TreeHouse's strategic transformation, particularly in private label categories. Concurrently, John P. Gainor Jr. and Ashley Buchanan will resign from the Board effective April 30, 2022, due to personal commitments. Scalzo's appointment aims to drive growth and capitalize on opportunities in private label.
TreeHouse Foods has appointed Scott Ostfeld of JANA Partners to its Board of Directors, marking a strategic alliance as JANA holds about 9.2% of the company’s stock. This collaboration aims to enhance shareholder value amidst favorable market conditions. Ostfeld's extensive experience in investments will support the company's growth objectives, as emphasized by CEO Steve Oakland. The appointment reflects ongoing constructive engagement with JANA and aims for improved operational efficiency and market positioning.
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.
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