Treehouse Foods Stock Price, News & Analysis

TreeHouse Foods, Inc. (NYSE: THS) has appointed Patrick O'Donnell as Executive Vice President and Chief Financial Officer, effective immediately. O'Donnell, who has served as Interim CFO since June 30, 2022, has been with the company since 2017 and held several senior finance roles. His appointment aims to strengthen leadership at a critical point as TreeHouse shifts focus toward higher-growth, higher-margin products in the private label snacking and beverage sectors. Steve Oakland, President and CEO, expressed confidence in O'Donnell's leadership and expertise in driving operational and financial goals. This management change is seen as pivotal for the company's growth strategy.

TreeHouse Foods, Inc. (NYSE: THS) announced an audio webcast for its first quarter earnings conference call scheduled for May 8, 2023, at 8:30 a.m. ET. The company will release its earnings results before the market opens on this date, along with an outlook for the remainder of the year. Investors can access the webcast via the TreeHouse Foods website under the "Investors" section. A replay of the conference call will also be available in the archived events section of the site. TreeHouse Foods, a leading private label food and beverage manufacturer in North America, focuses on customer engagement and operational efficiencies to drive profitable growth.

TreeHouse Foods delivered remarkable Q4 2022 results, reporting a 22% increase in net sales, reaching $996.2 million. This growth stemmed primarily from strategic pricing actions aimed at offsetting inflation. The net income from continuing operations was $40.1 million, showcasing a significant margin improvement of 570 basis points from Q3 2022. For FY 2023, the company forecasts a 6% - 8% sales growth and an adjusted EBITDA between $345 million and $365 million, a year-over-year rise of 20% - 27%. Looking ahead, TreeHouse targets annual growth rates of 3% - 5% in net sales starting in 2024.

TreeHouse Foods, Inc. (NYSE: THS) will host a webcast for its Fourth Quarter earnings results on February 13, 2023, at 8:30 a.m. ET. The earnings release will be available before market opening on the same day. The event aims to discuss the company’s performance and outlook for 2023.

TreeHouse is a leading North American private label food and beverage manufacturer focused on customer engagement and growth through operational efficiencies.

Sun-Maid Growers of California has appointed Steve Loftus as President and Chief Operating Officer. Loftus, a seasoned professional with 15 years in the food industry, will oversee all operational areas, enhancing the company's growth strategy. Previously, he held significant roles at TreeHouse Foods and Kraft Heinz, leading units with revenues around $1 billion. This leadership transition comes after a robust sales year and amid ongoing integration of Plum PBC, marking an important step in Sun-Maid's evolution.