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Steven Scruggs Comments on TreeHouse Foods

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Sydnee Gatewood

Aug 31, 2021

Summary

The company is selling its cereal business.

TreeHouse Foods (

THS, Financial) announced the sale of its cereal business during the quarter as the company continues to increase its focus on higher-margin products, such as the RTE cereal division. Management expects to generate $300 million of free cash flow this year, resulting in a 12% free-cash-flow margin for the company (as of July 15, 2021).

From

Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund second-quarter 2021 commentary.

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