PRESS RELEASE Amsterdam, June 23, 2025 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company, today announced that it has repurchased 29,236 shares in the period from June 16, 2025 up to and including June 20, 2025. The shares were repurchased at an average price of EUR 23.34 per share for a total consideration of EUR 0.7 million. These repurchases were made as part of the EUR 250 million share buyback programme announced on March 3, 2025. The total number of shares repurchased ...

Summary of Treehouse Foods Conference Call Company Overview - Treehouse Foods is a leading private brand food manufacturer in North America, involved in a wide range of product categories from opening price point to national brand equivalents [2][12] - The company has undergone a transformation focusing on portfolio optimization, stronger operating capabilities, and improved balance sheet, aiming for dependable profit growth by 2025 [2] Industry Insights - The food industry is currently experiencing flat growth, particularly in the top quartile, but Treehouse sees this as a unique opportunity for growth [4] - Private label products have shown consistent growth over the past few decades, particularly in snacking and beverage categories [4][5][6] - The COVID-19 pandemic temporarily disrupted growth, but the private label segment rebounded quickly post-stimulus [5][6] Market Dynamics - Private label penetration is increasing across various demographics, especially among Gen Z and Millennials [7] - Retail partners are leveraging private label to build customer loyalty, with Walmart being a significant player in this space [9][10] - Retailers like Aldi and Costco are expanding their private label offerings, indicating a growing trend [10] Financial Performance and Projections - For 2025, Treehouse expects adjusted net sales between $3.34 billion and $3.4 billion, reflecting a slight decline in volume mix but offset by pricing strategies [45] - EBITDA is projected to be between $345 million and $375 million, showing year-over-year improvement driven by supply chain savings and margin management [47] Strategic Initiatives - The company is focusing on supply chain improvements, including the implementation of the Treehouse Management Operating System (TMOS) to enhance operational efficiency [26][27] - Procurement cost savings have been a significant driver of margin improvement, leveraging scale to negotiate better pricing on ingredients and packaging [29] - Treehouse is streamlining its logistics network to reduce distribution points and improve service to customers [30] Margin Management - The company aims to maximize plant utilization and eliminate complexity in its operations to enhance margins [32][33] - Recent organizational changes have been made to improve customer focus and decision-making speed [34] Capital Allocation - Treehouse prioritizes investing in the business for risk-adjusted returns, with a focus on organic growth through capital expenditures and potential bolt-on acquisitions [38][39] - The acquisition of Harris Tea is highlighted as a strategic move to enhance capabilities in the tea category [42] Conclusion - Treehouse Foods is positioned to capitalize on the growing private label market, with a focus on operational efficiency and margin management to drive profitability [48][49] - The company is confident in its ability to navigate the current economic environment and deliver solid financial performance moving forward [49][56]

Core Viewpoint - Performance Food Group (PFGC) reported quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.86 per share, and showing a decline from $0.80 per share a year ago, indicating an earnings surprise of -8.14% [1][2] Financial Performance - The company posted revenues of $15.31 billion for the quarter ended March 2025, which was 0.73% below the Zacks Consensus Estimate, compared to $13.86 billion in the same quarter last year [2] - Over the last four quarters, Performance Food has surpassed consensus EPS estimates only once [2] Stock Performance - Performance Food shares have decreased by approximately 4.1% since the beginning of the year, while the S&P 500 has declined by 4.7% [3] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $1.56 on revenues of $16.86 billion, and for the current fiscal year, it is $4.55 on revenues of $63.33 billion [7] Industry Context - The Food - Natural Foods Products industry, to which Performance Food belongs, is currently ranked in the top 14% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% of industries [8]