OAK BROOK, IL
After the completion of its $860 million acquisition of Flagstone Foods, TreeHouse Foods, Inc. has released strong Q3 results.
"We are pleased to report volume/mix growth in our North American Retail Grocery segment of 4.7% in the third quarter, which represents our sixth straight quarter of year-over-year volume/mix improvements in this segment. Most of our core categories reported gains in the quarter, led by single serve hot beverages, which grew more than 40% in the third quarter and nearly doubled in the month of October compared to last year," said Sam K. Reed, Chairman, President and Chief Executive Officer.
Driven by the TreeHouse Food’s acquisitions and volume/mix growth, the company saw total net sales for Q3 of $795.7 million, a 40.3% increase over $567.2 million last year. Other notable highlights from the quarter include:
"We are confident that private label continues to be the right strategic course for TreeHouse," continued Mr. Reed. "We are more and more becoming the supplier of choice throughout our customers' stores.”
Congratulations on the strong quarter, TreeHouse!