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, Inc. was a public North American private brands snacking and beverage manufacturer whose news centered on earnings releases, operating performance, customer service, category trends and portfolio actions in private-label food and beverage categories.
Company updates also document the completed acquisition by Investindustrial, under which TreeHouse Foods became a wholly owned subsidiary and former shareholders received cash consideration and a contingent value right. Related coverage includes shareholder voting, material agreements, capital-structure disclosures and changes to public-company status.
TreeHouse Foods (NYSE: THS) reported a second quarter loss per diluted share of $(0.05), improving from $(0.89) in Q2 2019. Adjusted earnings rose to $0.58 from $0.40. Organic net sales grew 3.7%, attributed to increased retail demand during the pandemic. Despite a revenue dip below guidance due to COVID-19 safety measures, the company raised its full-year adjusted EPS guidance to $2.55-$2.75. Q3 targets include adjusted EPS of $0.55-$0.65 and net sales between $1.04-$1.08 billion. Gross profit margin decreased slightly to 18.4%. Performance showed resilience amid challenges.
TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast on August 6, 2020, at 8:30 a.m. ET to discuss its second quarter earnings results. The webcast will be led by CEO Steve Oakland and CFO Bill Kelley, outlining results and outlook for 2020. Earnings release will be available before market opens that day, with slides posted at 8:15 a.m. ET. The event is accessible through the company's website and a replay will be available for 180 days.