Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 3

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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MCA"). However, we do incur tariffs on certain finished goods imported into Canada, and we source a portion of our raw materials and packaging from international suppliers, which may be subject to additional duties or trade-related costs. We are actively implementing alternative sourcing strategies and pricing actions to help mitigate these impacts.

30

Results of Operations 

The following table presents certain information concerning our financial results, including information presented as a percentage of consolidated net sales:

Three Months Ended March 31, 20252024Increase / (Decrease)(Dollars in millions, except per share amounts)DollarsPercentDollarsPercent$ Change% ChangeNet sales$792.0 100.0 %$820.7 100.0 %$(28.7)(3.5)%Cost of sales676.8 85.5 708.7 86.4 (31.9)(4.5)Gross profit115.2 14.5 112.0 13.6 3.2 2.9 Operating expenses:   Selling and distribution36.4 4.6 42.9 5.2 (6.5)(15.2)General and administrative55.7 7.0 55.8 6.8 (0.1)(0.2)Amortization expense13.1 1.7 12.1 1.5 1.0 8.3 Other operating expense, net15.5 2.0 6.4 0.8 9.1 142.2 Total operating expenses120.7 15.3 117.2 14.3 3.5 3.0 Operating loss(5.5)(0.8)(5.2)(0.7)(0.3)(5.8)Other expense:    Interest expense19.3 2.4 15.6 1.9 3.7 23.7 Interest income(2.8)(0.4)(4.0)(0.5)1.2 30.0 Loss on extinguishment of debt2.6 0.3 — — 2.6 100.0 (Gain) loss on foreign currency exchange(0.3)— 3.4 0.4 (3.7)(108.8)Other expense (income), net19.3