TreeHouse Foods Third Quarter Profit Declines

November 8, 2010
/ Print / Reprints /
/ Text Size+
TreeHouse Food Inc., third quarter earnings were down $3.2 million from their 2009 earning of $28.1 million.


TreeHouse Food Inc., third quarter earnings were down $3.2 million from their 2009 earning of $28.1 million.

 The company reported a profit of $24.9million, or 68 cents a share, down from $28.1 million or 85 cents a share, a year earlier. Excluding items such as derivatives impacts and the 2009 insurance reimbursement, earning rose to 69 cents from 54 cents. Revenue increased from 23 percent to $464.2 million but was down 0.2 percent excluding Sturm Foods.

“Overall it was an excellent quarter as we delivered solid unit growth in both our legacy businesses as we as our recent acquisition, “says Sam K. Reed, chairman and CEO.

The private label sector has faced challenges from branded food companies using heavy marketing tactics.

 TreeHouse’s North American retail business, it’s largest by revenue sales increased 33.6 percent but were up to 0.8 percent excluding the acquisition of Thurm Foods. Food service segment sales increased 5.5 percent as market conditions began to improve, but were off 0.9 percent minus Sturm Foods.

TreeHouse Foods is a company that supplies products and services to private label food service industries. Their companies include Bay Valley, E.D Smith and Sturm Foods.

Did you enjoy this article? Click here to subscribe to Private Label Buyer.

You must login or register in order to post a comment.



Image Galleries

September 2014 New Food Products

This month's new food products include cane sugars, barbeque sauce, condiments in squeeze bottles, cinnamon snack seasoning, and jalapeno tzatziki, ice cream, herb toasts, corn puffs, instant coffee, coconut water, and a water enhancer.


Coming with a clear, comprehensive plan was the key to success for Longo Brothers Fruit Markets when the grocer decided to roll out a two-tier private label strategy, Jenny Longo and Robert Koss tell PLBuyer editor Chris Freeman in this podcast.

More Podcasts

Private Label Buyer Magazine

PLB September 2014 cover

September 2014

The September 2014 issue of Private Label Buyer includes a convenience channel update, as well as category insights on frozen store brand trends and health and beauty items. Check it out today!

Table Of Contents Subscribe

Private Label Segments

Which segment of private label will see the biggest growth over the next year?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

PLB Marketplace


facebook_40px twitter_40px  youtube_40pxlinkedin_40pxgoogle+ icon 40px