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BUZZ-TreeHouse Foods rises on cost-reduction actions

Reuters
Apr 11, 2025
BUZZ-TreeHouse Foods rises on cost-reduction actions

** Shares of food processing company TreeHouse Foods THS.N rise 5% to $22.73 in extended trading

** THS says it is implementing planned actions to achieve significant cost savings, and enhance profitability and cash flow while improving quality and service levels

** Co says Scott Tassani, executive vice president, business president and chief commercial officer, will be leaving the organization effective May 30 and co will be eliminating this role

** THS will be centralizing and reorganizing its corporate support functions, which will lead to the elimination of about 150 roles

** Co reports preliminary Q1 2025 results of at least $792 mln of adjusted net sales and at least $52 mln of adjusted EBITDA; reiterates 2025 outlook

** Up to last close, stock had fallen ~38% YTD

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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