Exhibit 99.1

Investor Relations
708.483.1300 Ext 1331            
TreeHouse Foods, Inc. Reports First Quarter 2020 Results Above Guidance Range
First quarter 2020 loss per diluted share from continuing operations was $(0.58) compared to $(0.26) for the same period in 2019.
First quarter 2020 adjusted earnings per diluted share from continuing operations was $0.37, above the Company's guidance range and $0.04, or 12%, above first quarter 2019, driven in large part by TreeHouse's ability to service significant demand related to COVID-19.
TreeHouse reaffirmed its full year 2020 guidance of $2.40 - $2.65 for adjusted earnings per diluted share from continuing operations, net sales between $4.10 and $4.40 billion and free cash flow of $250 to $300 million, however the Company noted that there continues to be uncertainty around the nature, timing and magnitude of changes in future sales and earnings attributable to the spread of COVID-19 in North America.

Oak Brook, IL, May 7, 2020 — TreeHouse Foods, Inc. (NYSE: THS) today reported first quarter GAAP loss per diluted share from continuing operations of $(0.58) compared to $(0.26) reported for the first quarter of 2019. The Company had adjusted earnings per diluted share from continuing operations1 of $0.37 in the first quarter of 2020 compared to $0.33 in the first quarter of 2019.
"We want to thank all of our employees for working tirelessly - in our manufacturing plants, as we have ramped up production; in our warehouses, as we have been working diligently to fulfill orders; and throughout our customer-facing organization, as we have partnered with our customers to service the heightened order flow. I’m very proud of the way the entire TreeHouse organization has come together in the midst of the COVID-19 crisis to deliver solid operational, commercial and financial results,” said Steve Oakland, Chief Executive Officer and President. “First quarter adjusted EPS of $0.37 and revenue of $1.08 billion came in above our expectations, as our hard work over the last three years to transform the business and our reorganization from three to two divisions have enabled us to quickly and successfully escalate production to meet the significantly higher demand for food and beverages during this pandemic.”

"I'm very pleased with our performance in the first quarter. Our retail business responded well to the unprecedented demand in March related to pantry stocking and higher at-home consumption, and more than offset the declines in our food-away-from-home business,” said Bill Kelley, EVP and Chief Financial Officer. “Organic net sales1 rose 2.6% versus last year, and exceeded our original expectations for a year-over-year decline, driven by the anticipated carryover of prior year lost distribution and pricing adjustments. Our first quarter adjusted EBITDA1 of $98.7 million was in line with our guidance range for the first quarter, despite incurring additional costs to add production shifts and ensure labor availability throughout our network of manufacturing and distribution facilities across the country.”


Adjusted earnings per diluted share from continuing operations, organic net sales, and adjusted EBITDA from continuing operations are Non-GAAP financial measures. See “Comparison of Adjusted Information to GAAP Information” for the definitions of the Non-GAAP measures, information concerning certain items affecting comparability, and reconciliations of the GAAP to Non-GAAP measures.

The following information was filed by Treehouse Foods, Inc. (THS) on Thursday, May 7, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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