TreeHouse Foods, Inc. Provides Earnings Guidance for the Second Quarter of the Fiscal Year 2024; Reaffirms Earnings Guidance for the Year 2024
May 06, 2024 at 06:55 am EDT
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TreeHouse Foods, Inc. provided earnings guidance for the Second quarter of the fiscal year 2024. Second quarter net sales are expected in a range of $770 to $800 million, down approximately 2% at the midpoint. Organic volume and mix are expected to be down low-single digits. Pricing is also expected to be down low-single digits. The Company expects a low-single digit positive impact to volume and mix benefit from the recently completed acquisitions.
The company reaffirmed its previously-issued full year 2024 guidance. Net sales are expected in the range of $3.43 to $3.50 billion, which represents growth of approximately 0% to 2% year-over-year. Organic volume and mix are expected to be slightly positive for the year, offset by modest, targeted deflationary pricing. The Company expects a slight volume and mix benefit from the acquisitions completed in the last year.
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.
TREEHOUSE FOODS, INC. 
