06:35 AM EDT, 04/11/2025 (MT Newswires) -- TreeHouse Foods ( THS ) affirmed its full-year outlook and unveiled cost-saving initiatives that include job cuts as part of the company's efforts to improve efficiency and profitability.

The food and beverage manufacturer aims to lay off roughly 150 employees to reorganize the company's corporate support functions, it said late Thursday. Additionally, Chief Commercial Officer Scott Tassani will depart TreeHouse, effective May 30, with the company to remove the role and assign its responsibilities to other senior leaders.

"We continue to see significant opportunity to improve our execution and consistency, positioning us to better serve our customers while driving improved profitability," Chief Executive Steve Oakland said in a statement. "We are streamlining our organizational and cost structures, which we believe will enable us to sharpen our competitiveness in what remains a dynamic consumer environment.

Shares of the company were down 2.4% in Friday's most recent premarket activity.

TreeHouse continues to project adjusted sales of $3.34 billion to $3.4 billion for 2025, while the current consensus on FactSet is for sales of $3.37 billion. Adjusted earnings before interest, taxes, depreciation and amortization from continuing operations are still pegged at $345 million to $375 million for the year.

The company said its full-year guidance continues to assume a partial year impact of expected cost savings related to its reorganization efforts, with the full impact of the plan to be reflected over 2025 and 2026.

TreeHouse anticipates preliminary first-quarter adjusted sales of at least $792 million, while the Street is looking for $789.7 million. In February, the company issued an outlook for adjusted sales to be between $785 million and $800 million for the three-month period ended March. The company is scheduled to report its first-quarter results in May.

TreeHouse said it will continue to monitor the evolving tariff situation and assess any potential additional impacts on the company. As of Thursday, nearly all of the manufacturer's finished goods comply with the United States-Mexico-Canada free trade agreement, it added.

On Wednesday, President Donald Trump announced a 90-day pause on certain new tariffs for countries that have not retaliated against the US, while subjecting China to higher duties following countermeasures by Beijing.