Treehouse Foods Inc

THS

Equity

ISIN US89469A1043 / Valor 2165229

New York Stock Exchange, Inc (2025-04-08)

USD 22.34-8.07%

Treehouse Foods Inc
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About company

Treehouse Foods Inc is a prominent private brands snacking and beverage manufacturer in North America, catering to the evolving consumer preferences in the market. With a focus on attractive growth categories in snacking and beverage sectors, the company serves as a key supply chain partner for major grocery, club, and e-commerce brands across the region. Leveraging its expertise in private label manufacturing, Treehouse Foods Inc is well positioned to meet the strong consumer demand trends in the industry.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Performance

Treehouse Foods Inc. reported its financial results for the third quarter of 2024, highlighting a significant increase in revenue. The company achieved a total revenue of $1.2 billion, marking a 5% growth compared to the same quarter in the previous year. This growth was primarily driven by strong sales in the snacks and beverages segments.

Net Income

In the third quarter of 2024, Treehouse Foods Inc. experienced a net loss from continuing operations. The company reported a net loss of $15 million, which was attributed to increased operational costs and strategic investments aimed at long-term growth. Despite the loss, the company remains optimistic about future profitability.

Earnings Per Share

Treehouse Foods Inc.'s earnings per share (EPS) for the third quarter of 2024 were impacted by the net loss. The basic and diluted EPS both stood at a negative $0.29, reflecting the company's current financial challenges. The company is focusing on cost management and efficiency improvements to enhance future earnings.

Stock Repurchase Program

During the third quarter of 2024, Treehouse Foods Inc. continued its stock repurchase program, buying back approximately 1.1 million shares at a weighted average price of $46.59 per share. The total cost of these repurchases amounted to $50 million, with $78 million remaining available under the $400 million total authorization.

Future Outlook

Looking ahead, Treehouse Foods Inc. is optimistic about its growth prospects for the remainder of 2024 and beyond. The company plans to focus on expanding its product offerings and enhancing operational efficiencies. Despite current challenges, Treehouse Foods Inc. aims to achieve sustainable growth and improve its financial performance in the coming quarters.

Summarized from source with an LLMView Source

Key figures

-40.2%1Y

-33.1%3Y

-48.6%5Y

Performance

33.9%1Y

33.7%3Y

34.5%5Y

Volatility