We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TreeHouse to Shut St. Louis Office, Plan for 2020 Underway
Read MoreHide Full Article
TreeHouse Foods, Inc. (THS - Free Report) is on track with TreeHouse 2020 strategic plan, as is evident from its recently announced intention to close the office in St. Louis, MO on Jun 28, 2019. Notably, the closure of the St. Louis office is in line with the company’s ongoing TreeHouse 2020 multi-year restructuring program.
While TreeHouse is focused on reshaping its organization by trimming its segments from five to four, it also remains on track to consolidate locations. Total cost related to the closure of the office is anticipated to be roughly $7.8 million or 10 cents per share, which is likely to be incurred mainly during the three quarters ending Jun 30, 2019.
Management stated that work associated with St. Louis will be merged into TreeHouse's existing facilities in Oak Brook, IL. This closure is expected to impact around 170 workers. The company will offer separation reimbursement and outplacement support to the affected workers.
Notably, the TreeHouse 2020 strategic plan has been designed to restructure and realign the business as a whole. Alongside cost savings, the initiative is expected to manage the company’s portfolio, as well as optimize production and supply chain. The plan aims to improve its operating margin by 300 basis points within 2020-end, via undertaking complete business integration and expense reduction.
TreeHouse expects to invest these savings in market-differentiated capacities for catering to consumers’ ever-changing demands. The company made notable achievements in the first phase of the program. Further, it remains on track to simplify structure and undertake plant consolidation. Management earlier stated that the rollout of the TreeHouse Management Operating System was expected to be completed in 2018.
Moreover, TreeHouse Foods’ Structure to Win program is focused on aligning SG&A expenses with its division structures. This in turn is likely to enrich customers’ experience.
Such endeavors have helped shares of this Zacks Rank #3 (Hold) company to gain approximately 19% over a month, outperforming the industry’s growth of 8.9%.
3 Stocks to Watch
Blue Apron Holdings, Inc. delivered average positive earnings surprise of 19% in the trailing four quarters. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
McCormick & Company, Incorporated (MKC - Free Report) has a long-term earnings growth rate of 9% and carries a Zacks Rank #2 (Buy).
Lamb Weston Holdings, Inc. (LW - Free Report) delivered average positive earnings surprise of 10.1% in the trailing four quarters. It has a long-term earnings growth rate of 12% and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
TreeHouse to Shut St. Louis Office, Plan for 2020 Underway
TreeHouse Foods, Inc. (THS - Free Report) is on track with TreeHouse 2020 strategic plan, as is evident from its recently announced intention to close the office in St. Louis, MO on Jun 28, 2019. Notably, the closure of the St. Louis office is in line with the company’s ongoing TreeHouse 2020 multi-year restructuring program.
While TreeHouse is focused on reshaping its organization by trimming its segments from five to four, it also remains on track to consolidate locations. Total cost related to the closure of the office is anticipated to be roughly $7.8 million or 10 cents per share, which is likely to be incurred mainly during the three quarters ending Jun 30, 2019.
Management stated that work associated with St. Louis will be merged into TreeHouse's existing facilities in Oak Brook, IL. This closure is expected to impact around 170 workers. The company will offer separation reimbursement and outplacement support to the affected workers.
Notably, the TreeHouse 2020 strategic plan has been designed to restructure and realign the business as a whole. Alongside cost savings, the initiative is expected to manage the company’s portfolio, as well as optimize production and supply chain. The plan aims to improve its operating margin by 300 basis points within 2020-end, via undertaking complete business integration and expense reduction.
TreeHouse expects to invest these savings in market-differentiated capacities for catering to consumers’ ever-changing demands. The company made notable achievements in the first phase of the program. Further, it remains on track to simplify structure and undertake plant consolidation. Management earlier stated that the rollout of the TreeHouse Management Operating System was expected to be completed in 2018.
Moreover, TreeHouse Foods’ Structure to Win program is focused on aligning SG&A expenses with its division structures. This in turn is likely to enrich customers’ experience.
Such endeavors have helped shares of this Zacks Rank #3 (Hold) company to gain approximately 19% over a month, outperforming the industry’s growth of 8.9%.
3 Stocks to Watch
Blue Apron Holdings, Inc. delivered average positive earnings surprise of 19% in the trailing four quarters. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
McCormick & Company, Incorporated (MKC - Free Report) has a long-term earnings growth rate of 9% and carries a Zacks Rank #2 (Buy).
Lamb Weston Holdings, Inc. (LW - Free Report) delivered average positive earnings surprise of 10.1% in the trailing four quarters. It has a long-term earnings growth rate of 12% and a Zacks Rank #2.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>