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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 announced its participation in two major investor conferences in September 2024. The company will attend the Barclays 17th Annual Global Consumer Staples Conference in Boston from September 3-5, featuring investor meetings and a fireside chat on September 5 at 12:30 p.m. CT. A live audio webcast will be available on the company's website.
Additionally, TreeHouse Foods will participate in TD Cowen's 2nd Annual Sip, Snack & Scrub Summit in New York on September 17, engaging in investor meetings throughout the day. As a leading private brands snacking and beverage manufacturer in North America, TreeHouse Foods aims to deliver excellent service and drive mutually profitable growth through customer focus and category experience.
TreeHouse Foods (NYSE: THS) reported Q2 2024 financial results.
Net sales reached $788.5 million, slightly down 1.9% YoY but above guidance. Net loss was $16.7 million compared to a net income of $22.4 million the previous year. Adjusted EBITDA was $70.6 million, surpassing guidance but down from $76.3 million YoY.
The company reaffirms its 2024 outlook with net sales expected between $3.43 to $3.50 billion and free cash flow of at least $130 million. Adjusted EBITDA guidance is narrowed to $360-$380 million. Share repurchase of $45 million was executed in Q2.
Factors contributing to financial performance include supply chain initiatives, broth facility restoration, and new distribution wins. However, increased operating expenses, non-cash impairment charges, and unfavorable market conditions impacted results.
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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