Company: THS
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001320695-25-000099
Chunk: 69

Company: TreeHouse Foods, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 1
Chunk 69
---
%Adjusted EBITDA130.8 116.6 14.2 12.2 Adjusted net sales1,597.4 1,611.5 (14.1)(0.9)Adjusted cost of sales1,340.9 1,354.7 (13.8)(1.0)Adjusted gross profit256.5 256.8 (0.3)(0.1)Adjusted total operating expenses201.3 208.1 (6.8)(3.3)Adjusted operating income55.2 48.7 6.5 13.3 Adjusted total other expense40.6 32.0 8.6 26.9 Adjusted income tax expense4.3 3.5 0.8 22.9 Adjusted net income10.3 13.2 (2.9)(22.0)Adjusted diluted earnings (loss) per share$0.20 $0.25 $(0.05)(20.0)%

(1) Other financial data included Non-GAAP financial metrics. See "Non-GAAP Measures" for definitions and reconciliations of our Net loss to EBITDA and Adjusted EBITDA, Net sales to Adjusted net sales, Cost of sales to Adjusted cost of sales, Gross profit to Adjusted gross profit, Total operating expenses to Adjusted total operating expenses, Operating income (loss) to Adjusted operating income, Total other expense to Adjusted total other expense, Income tax benefit to Adjusted income tax expense, Net loss to Adjusted net income, and Diluted earnings (loss) per share to Adjusted diluted earnings (loss) per share.

37

Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024 

Net Sales — Net sales for the first six months of 2025 totaled $1,590.0 million compared to $1,609.2 million for the same period last year, a decrease of $19.2 million, or 1.2%. The change in net sales from 2024 to 2025 was due to the following:

 DollarsPercent (In millions)Margin management$(47.2)(2.9)%Consumption/other(41.1)(2.6)Griddle recall service impacts(29.1)(1.8)Volume/mix$(117.4)(7.3)%Business acquisition