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Core Viewpoint - TreeHouse Foods, Inc. is set to report its financial results for the fourth quarter of fiscal 2024 on February 14, 2025, and will provide an initial outlook for the upcoming fiscal year during the earnings call [1]. Group 1: Financial Reporting - The financial results for the fourth quarter ended December 31, 2024, will be reported before market opening on February 14, 2025 [1]. - An earnings call and webcast will take place at 8:30 a.m. ET to discuss the results and provide guidance for the next fiscal year [1]. Group 2: Participation and Resources - Interested participants can register for the webcast through the provided link [2]. - An Earnings Presentation will be available on the company's investor relations website prior to the conference call, and a replay of the webcast will be accessible afterward [2]. Group 3: Company Overview - TreeHouse Foods, Inc. is a leading manufacturer of private brands in the snacking and beverage sector in North America [3]. - The company focuses on customer engagement and aims to deliver excellent service while driving profitable growth through operational efficiencies and capabilities [3]. - Investment in depth and operational efficiencies supports the company's long-term growth prospects in its operating categories [3].

TreeHouse Foods, Inc. (THS) has concluded the previously announced (on Dec. 2, 2024) acquisition of Harris Tea for nearly $205 million, marking a strategic move to enhance its position in the private-label tea market. The acquisition was funded with cash on hand and is expected to be accretive to revenues and profitability beginning in 2025.Strategic Benefits of THS’ Latest AcquisitionThe acquisition of Harris Tea strategically leverages TreeHouse Foods' balance sheet strength, adding a fast-growing, high-m ...

Core Viewpoint - TreeHouse Foods, Inc. is experiencing significant challenges due to weak consumer demand and operational disruptions, leading to a notable decline in stock performance and revised financial guidance [1][11]. Financial Performance - Over the past three months, TreeHouse Foods' stock has decreased by 18.5%, underperforming the industry decline of 10.2% and the Zacks Consumer Staples sector's drop of 7.8% [1]. - The company has lowered its 2024 adjusted net sales guidance to a range of $3.37-$3.4 billion, reflecting a decline of 1% to 2% from 2023 levels, revised from a previous forecast of $3.43-$3.5 billion [3][4]. - Adjusted EBITDA guidance for 2024 has also been revised downward to $335-$345 million [10]. Sales and Market Trends - In the third quarter of fiscal 2024, TreeHouse Foods reported net sales of $839.1 million, a decrease of 2.8% year over year, attributed to a voluntary recall of frozen griddle products and unfavorable volume/mix performance [7]. - Organic sales fell by 2.7%, driven by slowing consumer consumption trends across key categories [7]. - Despite positive unit sales for private brands in the third quarter, there was a notable deceleration as the quarter progressed, indicating sustained consumer pressure and market challenges [8]. Outlook - The outlook for TreeHouse Foods remains bleak, with ongoing challenges expected to hinder growth in the near term [11]. - The company holds a Zacks Rank of 5 (Strong Sell), suggesting that investors should approach with caution [11].

Core Viewpoint - TreeHouse Foods reported mixed Q3 fiscal 2024 results, with adjusted earnings meeting expectations but net sales declining, leading to a downward revision of future guidance due to weak consumer demand and a product recall [2][4][8]. Financial Performance - Adjusted earnings were 74 cents per share, up from 57 cents year-over-year, aligning with the Zacks Consensus Estimate [3]. - Net sales totaled $839.1 million, a decrease of 2.8% year-over-year, missing the Zacks Consensus Estimate of $879.9 million [4]. - Organic sales fell by 2.7% year-over-year, with volume/mix contributing to a 0.8% decline [4]. Cost and Margin Analysis - Gross margin contracted to 15.6%, down 0.3 percentage points year-over-year, primarily due to the product recall, which impacted gross profit by 3.2 percentage points [5]. - Adjusted gross margin improved to 18.9%, an increase of 1.6 percentage points year-over-year, attributed to supply chain initiatives [5]. - Total operating expenses decreased to $99.4 million from $103.9 million year-over-year, driven by lower freight costs and reduced growth expenses [6]. Guidance and Outlook - For 2024, adjusted net sales are projected between $3.37 billion and $3.4 billion, indicating a decline of 1% to 2% from 2023 levels, revised from a previous forecast of $3.43 billion to $3.5 billion [8]. - Adjusted EBITDA guidance was lowered to $335 million to $345 million from $360 million to $380 million, reflecting weakening consumption trends [8]. - Q4 adjusted net sales are expected to be between $900 million and $930 million, also indicating a decline of 1% to 2% year-over-year [10]. Financial Health - As of the end of the quarter, TreeHouse Foods had cash and cash equivalents of $102 million, long-term debt of $1,399.9 million, and total shareholders' equity of $1,552.6 million [7]. - Net cash used in operating activities from continuing operations for the first nine months of 2024 was $30.4 million [7]. Industry Comparison - TreeHouse Foods belongs to the Zacks Food - Miscellaneous industry, where competitor Sysco reported revenues of $20.48 billion, a year-over-year increase of 4.4% [15].

Core Viewpoint - TreeHouse Foods, Inc. is acquiring select subsidiaries of Harris Freeman & Co., Inc. for approximately $205 million, aiming to enhance its position in the tea market and leverage unique sourcing and blending capabilities [1][2]. Acquisition Details - The acquisition is expected to close in the first quarter of 2025 and includes Harris Tea's manufacturing facilities in Moorestown, NJ, and Marietta, GA, along with nearly 300 employees [1][3]. - The purchase price reflects an 8.5x trailing twelve-month adjusted EBITDA, which decreases to 6.5x when considering synergies and projected tax benefits [4]. Strategic Focus - This move aligns with TreeHouse Foods' strategy to focus on higher-growth and higher-margin categories, positioning the company to meet consumer demand for private-label tea products [2][7]. - The acquisition is anticipated to enhance profitability and strengthen customer offerings through vertical integration [3]. Financial Considerations - The company plans to fund the acquisition primarily through cash on hand, maintaining its leverage ratio within the target range of 3.0x to 3.5x [4]. - TreeHouse Foods remains committed to its fiscal 2024 guidance, expecting continued improvement in volume growth and profit margins in the fourth quarter [5]. Market Performance - TreeHouse Foods' shares have declined by 15% over the past three months, underperforming the industry's 5.9% drop, attributed to weak consumer trends and operational disruptions [6]. - Despite positive private brand unit sales in the fiscal third quarter, concerns about sustaining growth amid market challenges persist [6].

Core Viewpoint - TreeHouse Foods, Inc. (THS) is experiencing significant challenges, reflected in a 12.3% decline in stock price over the past three months, underperforming both the broader industry and the S&P 500 [1][3]. Group 1: Performance Metrics - THS reported third-quarter 2024 net sales of $839.1 million, a year-over-year decline of 2.8%, missing the Zacks Consensus Estimate [3]. - Organic sales decreased by 2.7%, with volume/mix contributing to a decline of 0.8%, and pricing and product recall returns leading to further declines of 0.5% and 1.4%, respectively [3][5]. - The company has revised its 2024 adjusted net sales guidance to $3.37-$3.4 billion, indicating a decline of 1% to 2% from 2023 levels, down from a previous forecast of $3.43-$3.5 billion [5][6]. Group 2: Market Trends and Challenges - Weak consumer consumption trends and operational disruptions are negatively impacting THS, with a notable deceleration in private brand unit sales observed [4][8]. - The market for private brands is shrinking, raising concerns about THS's ability to sustain revenue growth [4]. - Analysts have lowered earnings estimates for THS, with fourth-quarter and 2024 projections reduced by 27.6% and 12.2%, respectively, reflecting a negative sentiment [7][8]. Group 3: Future Outlook - The company has also revised its 2024 adjusted EBITDA guidance downward to $335-$345 million, compared to the earlier projection of $360-$380 million, indicating weakening consumption trends [6][8]. - THS is navigating a difficult environment with expected declines in both net sales and EBITDA for 2024, prompting caution among investors [8].

Core Insights - TreeHouse Foods, Inc. (THS) reported mixed results for Q3 fiscal 2024, with adjusted earnings of 74 cents per share matching the Zacks Consensus Estimate, while net sales of $839.1 million declined 2.8% year over year, missing expectations [1][3][4] Financial Performance - Adjusted net sales decreased to $854.4 million, down 1.4% year over year, primarily due to a voluntary recall of frozen griddle products and unfavorable volume/mix performance [4][5] - Organic sales fell by 2.7% year over year, with volume/mix contributing to a 0.8% decline, pricing adjustments leading to a 0.5% drop, and product recall accounting for a 1.4% decrease [5] - Gross margin contracted to 15.6%, down 0.3 percentage points from the previous year, impacted by the recall, but adjusted gross margin improved to 18.9%, up 1.6 percentage points due to supply chain initiatives [6] Cost Management - Total operating expenses decreased to $99.4 million from $103.9 million year over year, driven by lower freight costs and reduced growth expenses [7] - Adjusted EBITDA from continuing operations rose to $102.5 million, up from $89.9 million in Q3 2023, attributed to supply chain savings [7] Financial Health - As of the end of the quarter, TreeHouse Foods had cash and cash equivalents of $102 million, long-term debt of $1,399.9 million, and total shareholders' equity of $1,552.6 million [8] 2024 Outlook - For 2024, adjusted net sales are expected to be between $3.37 billion and $3.4 billion, indicating a decline of 1% to 2% from 2023 levels, revised down from previous guidance [9] - Adjusted EBITDA guidance was also lowered to a range of $335 million to $345 million, reflecting weakening consumption trends and the impact of the product recall [10] - Management anticipates capital expenditures of nearly $145 million and free cash flow of at least $120 million for 2024 [11] Q4 Projections - Adjusted net sales for Q4 are projected to be between $900 million and $930 million, indicating a decline of 1% to 2% year over year, with organic volume expected to increase by low-single digits [12]

Core Viewpoint - TreeHouse Foods, Inc. (NYSE: THS) is undergoing a strategic shift by selling a majority stake in its meal preparation business to simplify operations and enhance focus on core areas [1] Group 1: Company Actions - The sale of the majority stake in the meal preparation business is aimed at streamlining operations and improving overall efficiency [1] - This strategic move reflects the company's intent to concentrate on its primary business segments and potentially unlock shareholder value [1] Group 2: Investment Opportunities - The investing group "Value In Corporate Events" provides insights into major corporate events such as IPOs, mergers & acquisitions, and earnings reports, highlighting actionable investment ideas [1] - The service covers approximately 10 major events monthly, focusing on identifying the best investment opportunities in the market [1]

Core Viewpoint - TreeHouse Foods, Inc. has announced a $400 million share repurchase authorization, reflecting confidence in its balance sheet and future cash generation capabilities [1][2]. Group 1: Share Repurchase Details - The Board of Directors has approved a renewal of the share repurchase authorization, maintaining an annual cap of $150 million [1]. - The company will repurchase shares opportunistically, with the authorization being open-ended and effective immediately [1][3]. - Shares will be repurchased in the open market, through private purchases, or other means, and will be held as treasury stock [3]. Group 2: Company Overview - TreeHouse Foods, Inc. is a leading manufacturer of private brands in the snacking and beverage sector in North America [4]. - The company focuses on customer engagement and aims to deliver excellent service while driving mutually profitable growth [4].