TreeHouse Foods, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 06, 2024 at 06:55 am EDT
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TreeHouse Foods, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 820.7 million compared to USD 854 million a year ago. Net loss was USD 11.7 million compared to net income of USD 15.2 million a year ago.
Basic loss per share from continuing operations was USD 0.22 compared to basic earnings per share from continuing operations of USD 0.36 a year ago. Diluted loss per share from continuing operations was USD 0.22 compared to diluted earnings per share from continuing operations of USD 0.36 a year ago. Basic loss per share was USD 0.22 compared to basic earnings per share of USD 0.27 a year ago.
Diluted loss per share was USD 0.22 compared to diluted earnings per share of USD 0.27 a year ago.
TreeHouse Foods, Inc. is a manufacturer and distributor of private label foods and beverages in North America. The Company's portfolio includes beverage and drink mix offerings, which include non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages, and grocery offerings, which include pickles, refrigerated dough, hot cereal, and cheese and pudding. The Company sells its products to retail, co- manufacturing, and food-away-from-home customers in shelf-stable, refrigerated, and frozen formats. It also offers its customers a range of value and nutritional solutions, including natural, organic, and gluten-free products. It owns pickle branded assets, including Bick's pickles, Habitant pickled beets, Woodman's horseradish and McLarens pickled onion brands. The Company sells its products through various distribution channels, including retailers, food service distributors, co-manufacturers, and industrial and export channels.