US own-label firm TreeHouse Foods saw its earnings slide in the first half of the year, hurt by one-off costs.
In the six months to the end of June, earnings dropped to US$41.5m from $41.6m a year earlier. Operating profit fell 1.6% to $85.4m.
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The company said earnings were affected by costs related to the restructuring of its soup operations and its Ontario plant closure. It also incurred expenses associated with its acquisition of Cains Foods.
Sales in the period reached $1.07bn from $1.05bn last year.
Treehouse raised its full-year adjusted earnings per share guidance to a range of $3.07 to $3.12 from a previous guidance of $3.00 to $3.10.
Click here to view the full earnings release.
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