Treehouse Foods (NYSE: THS) reported Q4 EPS of $1.14, $0.05 better than the analyst estimate of $1.09. Revenue for the quarter came in at $1.78 billion versus the consensus estimate of $1.73 billion.

"Following a third quarter where we fell short on both internal and external expectations, we accomplished a great deal in the fourth quarter and are pleased with where we finished the year," said Sam K. Reed, Chairman and Chief Executive Officer. \"We delivered volume growth in the base business, with North American Retail Grocery volume/mix up 2.9% in the fourth quarter. Our integration of Private Brands is progressing well and according to our plan. In fact, Private Brands gross margin improved to its highest level since we closed the transaction last February."

"In early 2017, the Company reorganized to a five division structure – Baked Goods, Beverages, Condiments, Meals and Snacks," he continued. "We believe we will have established a solid foundation for future growth and stability and we remain committed to carrying out on our promise of transformation and delivering shareholder value. As we enter 2017, year two of this transformative journey, our long-term strategy, business plans, functional initiatives, and financial targets have been formulated to make good on these commitments."

"The breadth and depth of our product offering in private label food and beverage is unparalleled in the industry, and that puts us in a unique position to serve our customers in ways that cannot be easily replicated by the competition,\" Mr. Reed continued. \"We remain dedicated to our private label enterprise as we support our customers\' corporate brand initiatives, while offering consumers the best balance of both quality and cost."

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