TreeHouse Foods booked a mixed first-quarter as sales growth boosted operating profit but financing costs weighed on the bottom line.

TreeHouse said today (8 May) that sales in the three months to end-March rose to US$618.9m, up from $540.1m in the comparable period of last year. Operating profit was also up at $50.3m, compared to $44.4m last year.

However, net profit sank to $14.3m from $22.9m as higher costs and the extinguishment of debt dented the result. The higher Canadian dollar also impacted profitability. 

Sam Reed, chairman, president and CEO commented: “Our first quarter double-digit sales growth exceeded our expectations and reflects strong private label performance, particularly in the traditional supermarket channel; continued expansion of our single serve beverage platform; as well as the contributions from the Cains Foods and Associated Brands acquisitions.”

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now