TreeHouse Foods: Reports Q3-2024 Financial Results

Oak Brook / IL. (thf) TreeHouse Foods Inc. reported financial results for the third quarter of 2024.

«Our third quarter results were mixed, as a tough operating environment with softer consumer takeaway led to sales below our expectations. However, I was pleased with our supply chain savings, which led to margin improvement and profit that was within our guidance range,» said Steve Oakland, Chairman, CEO, and President. «Immediately following the quarter, we discovered a potential contamination during routine product testing and initiated a voluntary recall of our frozen griddle products. We have an unwavering commitment to food safety and quality and will continue to diligently manage this ongoing situation led by our values and focusing on the safety of our customers and consumers.»

Oakland: «As we look forward, we continue to expect sequential improvement in organic volume growth, though the challenging consumer backdrop and the impact of the recall have led us to temper our expectations. I continue to be confident in our competitive positioning moving forward and believe our strategy, which includes initiatives in our supply chain and margin management opportunities, can drive meaningful profit improvement.» For additional info please read the PDF file below (145 KB):

20241125-TREEHOUSE-Q32024.