Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 48

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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Selling, distribution, general, and administrative:Freight out and commissions26.0 31.8 Direct selling, general, and administrative18.1 10.1 Corporate selling, general, and administrative48.0 56.8 Amortization expense13.1 12.1 Other operating expense, net(1)15.5 6.4 Total other expense(2)38.1 10.1 Income tax benefit(11.8)(3.6)Net loss$(31.8)$(11.7)(1)Other operating expense, net includes other segment items, primarily including expenses related to Restructuring programs. Refer to Note 3 to our Condensed Consolidated Financial Statements for additional information.(2)Total other expense includes other segment items, primarily including interest expense, interest income, loss on extinguishment of debt, foreign currency exchange, and mark-to-market adjustments on derivatives.Disaggregation of Revenue — The principal products that comprise our different product category groups are as follows:Product Category GroupPrincipal ProductsSnackingCandy; cookies; crackers; in-store bakery items; pretzels; and frozen griddle itemsBeverages & drink mixesBroths/stocks; non-dairy creamer; powdered beverages and other blends; ready-to-drink beverages (production ceased in the first quarter of 2025); coffee; and teaGroceryCheese & pudding; hot cereal; pickles; and refrigerated doughRevenue disaggregated by product category groups is as follows:Three Months EndedMarch 31, 20252024 (In millions)Snacking$265.5 $314.8 Beverages & drink mixes303.1 267.7 Grocery223.4 238.2 Total net sales$792.0 $820.7 

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TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Revenue disaggregated by sales channel is as follows:Three Months EndedMarch 31, 20252024 (In millions)Retail grocery$624.4 $649.9 Co-manufacturing91.4 100.0 Food-away-from-home and other76.2 70.8 Total net sales$792.0 $820.7 

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Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Business Overview

TreeHouse is a