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Treehouse Foods, Inc. - $THS STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Treehouse Foods's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Treehouse Foods's position in the market.

Rhea-AI Summary
John B. Sanfilippo & Son, Inc. completes acquisition of assets from TreeHouse Foods, Inc. for $61.3 million in cash, including $37.3 million of inventory. The acquisition accelerates product diversification strategy and allows for a complete offering of snack bars. Borrowings under credit facility funded the purchase.
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TreeHouse Foods, Inc. executives to participate in a fireside chat at TD Cowen Sipping & Snacking Summit on September 19, 2023.
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-1.17%
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Rhea-AI Summary
John B. Sanfilippo & Son, Inc. is set to acquire certain assets from Treehouse Foods, Inc. for $63.0 million in cash. The acquisition will expand the company's capabilities and product offerings in the snack bar category. It is expected to add approximately $105 to $120 million in incremental net sales during the remainder of the 2024 fiscal year. However, the acquisition is anticipated to be dilutive to earnings per share for the next twelve to fifteen months after closing, with an expected dilution range of $0.80 to $1.00 per diluted share.
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6.41%
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TreeHouse Foods to sell its Lakeville manufacturing facility and snack bars business to John B. Sanfilippo & Son for $63 million in cash.
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Rhea-AI Summary
TreeHouse Foods, Inc. (NYSE: THS) reported Q2 2023 net sales of $843.6 million, exceeding expectations and increasing by 4.1% YoY. Net income from continuing operations was $21.7 million, compared to a loss of $(27.3) million in the prior year. Adjusted EBITDA from continuing operations was $76.4 million, a $23.3 million increase YoY. The company raised its full-year net sales outlook to 7.5% to 9.5% YoY growth, narrowing its adjusted EBITDA outlook to $360 to $370 million.
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-3.82%
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0.13%
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1.25%
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TreeHouse Foods completes acquisition of coffee facility and business from Farmer Brothers
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0.76%
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Treehouse Foods, Inc.

Nasdaq:THS

THS Rankings

THS Stock Data

2.01B
48.64M
0.8%
105.44%
4.67%
Fruit and Vegetable Canning
Manufacturing
Link
United States of America
OAK BROOK

About THS

rooted in tradition, built with a strategic vision, treehouse foods rises above to provide quality food products primarily for the private label and foodservice industries.