TreeHouse Foods (THS) 8-K TreeHouse Foods, Inc. Reports First Quarter 2017 Results

Exhibit 99.2

TREEHOUSE FOODS, INC.

SEGMENT REALIGNMENT—NET SALES

QUARTERLY 2016

(In millions)

	Q1		Q2			Q3		Q4			2016
						(unaudited)
Net sales to external customers—as previously reported
North American Retail Grocery	$	1,019.3	$	1,274.3		$	1,305.9	$	1,493.4		$	5,092.9
Food Away From Home		112.6		124.7			157.4		152.0			546.7
Industrial and Export		138.3		152.3			123.5		131.3			545.4
Unallocated		—		(9.9	)		0.1		(0.1	)		(9.9	)
Total net sales	$	1,270.2	$	1,541.4		$	1,586.9	$	1,776.6		$	6,175.1
Net sales to external customers—as recast
Baked Goods	$	219.5	$	322.9		$	329.4	$	416.4		$	1,288.2
Beverages		224.9		212.9			234.9		300.3			973.0
Condiments		295.6		340.5			322.9		299.1			1,258.1
Meals		272.4		317.0			347.9		397.9			1,335.2
Snacks		257.8		358.0			351.7		363.0			1,330.5
Unallocated		—		(9.9	)		0.1		(0.1	)		(9.9	)
Total net sales	$	1,270.2	$	1,541.4		$	1,586.9	$	1,776.6		$	6,175.1

TREEHOUSE FOODS, INC.

SEGMENT REALIGNMENT—OPERATING INCOME (LOSS)

QUARTERLY 2016

(In millions)

	Q1		Q2		Q3		Q4			2016
					(unaudited)
Operating income (loss)—as previously reported
North American Retail Grocery	$	128.0	$	155.7	$	159.1	$	213.1		$	655.9
Food Away From Home		15.9		19.0		16.5		18.8			70.2
Industrial and Export		21.1		12.8		16.4		16.1			66.4
Total segment direct operating income		165.0		187.5		192.0		248.0			792.5
Unallocated operating expenses		146.0		135.9		114.4		493.0			889.3
Operating income (loss)	$	19.0	$	51.6	$	77.6	$	(245.0	)	$	(96.8	)
Operating income (loss)—as recast
Baked Goods	$	28.8	$	34.8	$	33.8	$	65.0		$	162.4
Beverages		57.7		54.1		63.8		69.1			244.7
Condiments		35.1		41.9		38.0		39.1			154.1
Meals		26.4		29.4		33.1		48.2			137.1
Snacks		9.8		19.0		18.5		18.9			66.2
Total segment direct operating income		157.8		179.2		187.2		240.3			764.5
Unallocated operating expenses		138.8		127.6		109.6		485.3			861.3
Operating income (loss)	$	19.0	$	51.6	$	77.6	$	(245.0	)	$	(96.8	)

TREEHOUSE FOODS, INC.

SEGMENT REALIGNMENT—NET SALES

QUARTERLY 2015

(In millions)

	Q1		Q2		Q3		Q4		2015
					(unaudited)
Net sales to external customers—as previously reported
North American Retail Grocery	$	592.4	$	578.8	$	597.8	$	668.8	$	2,437.8
Food Away From Home		88.3		97.8		94.6		89.6		370.3
Industrial and Export		102.4		82.6		106.2		107.1		398.3
Total net sales	$	783.1	$	759.2	$	798.6	$	865.5	$	3,206.4
Net sales to external customers—as recast
Beverages	$	236.0	$	188.9	$	213.6	$	280.3	$	918.8
Condiments		254.7		291.6		273.3		255.9		1,075.5
Meals		146.0		113.2		138.8		154.8		552.8
Snacks		146.4		165.5		172.9		174.5		659.3
Total net sales	$	783.1	$	759.2	$	798.6	$	865.5	$	3,206.4

TREEHOUSE FOODS, INC.

SEGMENT REALIGNMENT—OPERATING INCOME

QUARTERLY 2015

(In millions)

	Q1		Q2		Q3		Q4		2015
					(unaudited)
Operating income—as previously reported
North American Retail Grocery	$	77.3	$	81.3	$	83.9	$	106.3	$	348.8
Food Away From Home		12.0		14.5		12.9		12.7		52.1
Industrial and Export		21.6		14.1		16.1		20.2		72.0
Total segment direct operating income		110.9		109.9		112.9		139.2		472.9
Unallocated operating expenses		64.2		55.4		50.7		62.9		233.2
Operating income	$	46.7	$	54.5	$	62.2	$	76.3	$	239.7
Operating income—as recast
Beverages	$	56.6	$	45.2	$	52.5	$	71.6	$	225.9
Condiments		30.7		38.9		36.4		37.2		143.2
Meals		7.3		4.8		4.2		10.4		26.7
Snacks		11.9		17.0		17.5		17.9		64.3
Total segment direct operating income		106.5		105.9		110.6		137.1		460.1
Unallocated operating expenses		59.8		51.4		48.4		60.8		220.4
Operating income	$	46.7	$	54.5	$	62.2	$	76.3	$	239.7