Welcome to our dedicated page for Treehouse Foods news (Ticker: THS), a resource for investors and traders seeking the latest updates and insights on Treehouse Foods stock.
TreeHouse Foods (THS) is North America's leading private-label food manufacturer, providing retailers with quality snacks, beverages, and grocery products. This dedicated news hub offers investors and industry stakeholders centralized access to the company's latest developments, financial updates, and strategic initiatives.
Find timely updates on earnings reports, manufacturing innovations, supply chain advancements, and partnership announcements. Our curated collection ensures you stay informed about THS's operational milestones in private-label production, food safety protocols, and category expansion within the competitive food manufacturing sector.
Regularly updated content includes press releases about product line expansions, facility investments, and leadership updates. Bookmark this page to monitor how THS maintains its market leadership through operational efficiency and retailer-focused solutions in the private-label food space.
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.
TreeHouse Foods (THS) reported a second-quarter GAAP loss per diluted share of $(0.09) compared to $(0.05) in Q2 2020. Adjusted EPS was $0.26, down from $0.58. Net sales declined by 3.7% to $1,003.2 million, attributed to lower consumer demand for private brands and inflation-related pricing adjustments. The company revised its full-year adjusted EPS guidance to $2.00-$2.50, amid ongoing macroeconomic uncertainty and increased costs. Despite these challenges, TreeHouse remains optimistic about future growth opportunities in private label products.
TreeHouse Foods, Inc. (NYSE: THS) announced the retirement of Gary D. Smith from its Board of Directors effective July 29, 2021. Smith, a director since 2005 and former Chairman, played a significant role in guiding the company's strategic transformation. His departure reduces the board to ten directors. Ann M. Sardini, Board Chair, and CEO Steve Oakland expressed gratitude for his leadership and contributions, emphasizing his lasting impact on the company's growth strategy. TreeHouse Foods focuses on providing private label packaged foods and beverages across North America.
TreeHouse Foods, Inc. (NYSE: THS) will host a conference call on August 5, 2021, at 8:00 a.m. ET to discuss its Q2 earnings results and outlook for the remainder of 2021. The earnings release will be available before market opening on the same day, along with presentation slides at approximately 7:45 a.m. ET. Interested parties can join the audio webcast via the company’s website. TreeHouse Foods manufactures private label packaged foods and beverages, operating about 40 production facilities across North America and Italy.
TreeHouse Foods, Inc. (NYSE: THS) has appointed Kristy N. Waterman as Executive Vice President, General Counsel, and Corporate Secretary, effective July 1, 2021. She will oversee the legal, compliance, and ethics organization, reporting to CEO Steve Oakland. Waterman previously served at DFA Dairy Brands and has extensive experience in legal matters related to capital markets and mergers. Her predecessor, Tom O'Neill, will transition to a consulting role. Oakland emphasized Waterman's strong fit for the company as it aims for sustainable growth and shareholder value.
On June 1, 2021, TreeHouse Foods (NYSE: THS) announced the completion of its sale of the ready-to-eat (RTE) cereal business to Post Holdings, Inc. (NYSE: POST) for $85 million. This strategic move aims to enhance value for customers and shareholders while ensuring opportunities for the RTE business under Post's ownership. The acquired business includes manufacturing plants in Lancaster, Ohio and Sparks, Nevada, along with a research facility in Sauget, Illinois. The transaction reflects TreeHouse's ongoing strategy to streamline operations.
