The earnings call highlighted strong adjusted EBITDA growth and effective supply chain savings initiatives. However, these positives were offset by challenges such as the impact of a product recall, weak consumer trends, and a negative outlook for sales growth. While the company is positioned well for long-term trends, the near-term market conditions remain difficult.

Company Guidance

During the TreeHouse Foods Q3 2024 earnings call, executives provided guidance that highlighted several key metrics reflecting both challenges and strategic initiatives. The company reported adjusted net sales of $854 million, slightly below their guidance range, primarily due to weakening consumer trends and disruptions caused by Hurricane Helene, which impacted sales by an estimated $5 million to $10 million. Despite these challenges, TreeHouse achieved an adjusted EBITDA of $103 million, in line with their guidance midpoint, attributed to robust supply chain cost-saving measures. For the full year, TreeHouse adjusted its net sales outlook to a range of negative 2% to negative 1% year-over-year, equating to $3.37 billion to $3.4 billion, while updating EBITDA guidance to $335 million to $345 million. The company also plans to maintain its focus on supply chain efficiencies, aiming to deliver $250 million in gross supply chain savings by 2027. Additionally, TreeHouse addressed the impact of a recent frozen griddle product recall, projecting the affected facility to resume operations in Q1 2025, while anticipating continued pressure from challenging consumer trends into 2025.

Strong Adjusted EBITDA Growth

Delivered solid adjusted EBITDA of approximately $103 million, up 14% year-over-year, with an adjusted EBITDA margin increase of 160 basis points to 12%.

Supply Chain Initiatives Yield Savings

Achieved $20 million in supply chain cost savings, primarily from procurement initiatives, contributing to strong adjusted gross profits.

Positioned for Long-term Trends

TreeHouse is well-positioned to capitalize on long-term trends in private brand groceries and snacking, with opportunities for growth through partnerships with large retailers like Walmart and ALDI.

Successful New Business Wins

Anticipated positive organic volume growth in Q4 due to new business wins, particularly in cookies and pretzels.

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TreeHouse Foods (THS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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THS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 02, 2018	2018 (Q2)	- / 0.37	0.51	-27.45% (-0.14)	―	―
Nov 01, 2018	2018 (Q3)	- / 0.62	0.67	-7.46% (-0.05)	―	―
Feb 14, 2019	2018 (Q4)	- / 1.03	1.02	0.98% (+0.01)	―	―
May 02, 2019	2019 (Q1)	- / 0.13	0.18	-27.78% (-0.05)	―	―
Aug 01, 2019	2019 (Q2)	- / 0.36	0.37	-2.70% (-0.01)	―	―
Nov 07, 2019	2019 (Q3)	- / 0.55	0.62	-11.29% (-0.07)	―	―
Feb 13, 2020	2019 (Q4)	- / 1.10	1.03	6.80% (+0.07)	―	―
May 07, 2020	2020 (Q1)	- / 0.37	0.13	184.62% (+0.24)	―	―
Aug 06, 2020	2020 (Q2)	- / 0.58	0.36	61.11% (+0.22)	―	―
Nov 05, 2020	2020 (Q3)	- / 0.71	0.55	29.09% (+0.16)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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THS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 12, 2024	$37.20	$31.87	-14.33%
Aug 05, 2024	$39.31	$38.33	-2.49%
May 06, 2024	$37.26	$34.58	-7.19%
Feb 16, 2024	$42.74	$36.12	-15.49%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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