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) reported Q1 2021 GAAP earnings per share of $0.01, a significant improvement from a loss of $0.58 in Q1 2020. Adjusted EPS was $0.36, down slightly from $0.37 last year. Revenue fell 2.5% to $1,057.3 million, driven by decreased retail demand post-pandemic pantry stocking. Despite challenges, the company maintained an adjusted gross profit margin of 18.1% and improved its capital structure through debt redemption. TreeHouse reaffirmed guidance for 2021 adjusted EPS of $2.80 to $3.20 and net sales of $4.40 to $4.60 billion.
TreeHouse Foods (NYSE: THS) announced the departure of Senior VP and COO Shay Braun, effective April 30, 2021, to join Select Milk as President. Craig McCutcheon, also a Senior VP, will take over Braun's responsibilities temporarily, overseeing operations, supply chain, and food safety, while reporting directly to CEO Steve Oakland. The company is engaging an external firm to find a permanent replacement. CEO Oakland expressed gratitude for Braun's contributions and confidence in the management team to continue driving growth and value during this transition.
TreeHouse Foods, Inc. (NYSE: THS) will hold an audio webcast for its first quarter earnings results on May 6, 2021, at 8:30 a.m. ET. CEO Steve Oakland and CFO Bill Kelley will discuss financial outcomes and the 2021 outlook. An earnings release will be available before the market opens on the same day, along with accompanying slides accessible at 8:15 a.m. ET. TreeHouse Foods is a leading manufacturer of private label food and beverages across North America and Italy, operating around 40 production facilities.
TreeHouse Foods (NYSE: THS) announced a new commercial leadership structure effective April 1, 2021, aimed at enhancing customer relationships. Kevin G. Jackson has been confirmed as the permanent Chief Commercial Officer while also leading the Snacking & Beverages division. Sean Lewis has been promoted to Senior Vice President and Chief Customer Officer. CEO Steve Oakland emphasized that these changes reflect a commitment to customer-centric operations and strategic revenue goals. Both leaders bring extensive experience to their roles, with Jackson joining from J.M. Smucker and Lewis from Kraft Heinz.
TreeHouse Foods (NYSE: THS) has announced the election of Ann M. Sardini as the new Chair of the Board, effective from the April 2021 Annual Meeting. She succeeds Gary D. Smith, who will continue as a Board member. Sardini, an independent director since May 2008, brings extensive strategic and financial expertise to her new role. She has a background in leading transformation and advising on growth strategies across various sectors, including retail and media. The company aims to enhance its value and diversity under her leadership.
TreeHouse Foods, Inc. (NYSE: THS) announced the appointment of two independent directors, John P. Gainor Jr. and Kenneth I. Tuchman, to its Board effective March 2, 2021. This follows an agreement with JANA Partners LLC, which holds approximately 7.4% of TreeHouse's shares. Both directors bring extensive industry experience and are expected to contribute to the company's growth strategy. The Board will temporarily expand to 14 members, aiming to enhance shareholder value as TreeHouse continues its transformation and addresses its current share price concerns.
TreeHouse Foods, Inc. (NYSE: THS) will webcast its presentation at the virtual Consumer Analyst Group of New York (CAGNY) Conference on February 18 at 11:50 a.m. Eastern. CEO Steve Oakland and CFO Bill Kelley will discuss company strategy, 2020 results, and 2021 outlook. The pre-recorded video and presentation slides will be available on the TreeHouse Foods website under Investors, Events & Presentations. The company, a leading manufacturer of private label packaged foods in North America, operates approximately 40 production facilities and aims to provide affordable high-quality food.
TreeHouse Foods (NYSE: THS) reported fourth quarter 2020 results with a GAAP earnings per diluted share of $1.29, up from $0.27 in Q4 2019. Adjusted EPS was $1.07, slightly down from $1.10 in the prior year. Net sales rose to $1.18 billion, a 3.3% increase, driven by 4.0% organic growth. The company noted challenges due to COVID-19 but showed resilience through strong free cash flow of $298 million. Looking ahead, THS forecasts 2021 adjusted EPS between $2.80 and $3.20 and plans to implement pricing actions to combat inflation.
TreeHouse Foods (THS) addressed JANA Partners' 13D filing regarding the nomination of three directors. The company emphasized constructive dialogue with JANA, highlighting their support for TreeHouse’s growth strategies and the acquisition of Riviana. TreeHouse confirmed its commitment to board diversity and has refreshed its board with independent directors. The Board's Nominating and Corporate Governance Committee will review JANA's nominees. An earnings update is expected soon, with a focus on enhancing shareholder value.
