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Post Holdings, Inc. reports recurring developments for a consumer packaged goods holding company with businesses in ready-to-eat cereal, granola, pet food, nut butters, egg and potato products, side dishes, cheese, sausage and related food categories. Its news commonly covers quarterly operating results, Adjusted EBITDA outlook, segment performance across Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail, and updates tied to retail, foodservice and ingredient channels.
Company announcements also include completed portfolio actions, debt financing activity, shareholder voting matters and leadership changes at the corporate and business-unit levels. Recent corporate updates have referenced completed acquisitions integrated into Post Consumer Brands, Foodservice and Refrigerated Retail, as well as capital-structure actions involving senior notes and revolving credit facility repayment.
Post Holdings, Inc. (NYSE:POST) announced on Feb. 9, 2021, that its subsidiary, Post Holdings Partnering Corporation (PHPC), has filed a registration statement on Form S-1 for a proposed initial public offering (IPO). PHPC aims to raise $400 million through this offering, which will consist of common stock and warrants. The company intends to partner with a consumer products business that aligns with Post's expertise. The management team of Post will oversee PHPC. The offering is subject to SEC review and carries risks that could affect its completion.
Post Holdings reported its Q1 results for fiscal 2021, revealing net sales of $1.5 billion, a slight increase of 0.1% year-over-year. Operating profit fell 15.2% to $166.3 million, and net earnings were $81.2 million, down 18.1%. Adjusted EBITDA decreased 6.2% to $284.4 million, attributed mainly to declines in Foodservice. The company reaffirmed its Adjusted EBITDA guidance for the first half of fiscal 2021 at $520-$550 million. Notable acquisitions include Peter Pan peanut butter and Almark Foods.
PeaTos®, a snack chip brand, has raised $12.5M in a Series B round led by Post Holdings (NYSE:POST), following a $7M Series A six months prior. PeaTos aims to revolutionize snacks by incorporating nutrient-rich peas and eliminating artificial ingredients. The brand has shown significant growth and popularity, with products available in over 4,700 retailers, including Kroger and Sam’s Club. The funding will support its strategic plans and enhance its direct-to-consumer initiatives. CEO Nick Desai emphasizes a commitment to flavor without compromising nutrition.
Post Holdings, Inc. (NYSE:POST) has completed its acquisition of Almark Foods, a prominent supplier of hard-cooked and deviled egg products. This acquisition, effective February 1, 2021, is part of Post's strategy to expand its footprint in the refrigerated foods sector. Post Holdings, recognized for its diverse food brands, operates in various categories including ready-to-eat cereals and convenient nutrition. The addition of Almark Foods is anticipated to enhance Post's product offerings and strengthen its position in the market.
Hungry Planet® Inc. has partnered with Post Holdings, Inc. (NYSE:POST) to boost the distribution of its plant-based meats in response to rising demand. This collaboration will leverage Post's Foodservice and Retail units, enhancing access to Hungry Planet's products across the U.S. In conjunction, Post is also making a financial investment in Hungry Planet to support its growth. This strategic move reflects the growing consumer interest in alternative protein solutions, aligning with both companies' goals to provide innovative food options.
Post Holdings, Inc. (NYSE:POST) has formed a partnership with Hungry Planet, a plant-based meat company, to enhance distribution of its plant-based meat products across various channels. This collaboration comes in response to rising consumer demand for alternative protein solutions. Post's Foodservice and Refrigerated Retail divisions will support Hungry Planet's expansion. Additionally, Post Holdings is making a financial investment in Hungry Planet to bolster its growth. This marks Post's second venture into the sustainable food category following a previous agreement to manufacture and distribute JUST Egg.
Post Holdings has successfully completed the acquisition of the Peter Pan® peanut butter brand from Conagra Brands as of January 25, 2021. This strategic acquisition is expected to enhance Post's portfolio in the consumer packaged goods sector, especially in the peanut butter segment. The Peter Pan® brand will strengthen Post's presence in the food category, leveraging its existing operations in ready-to-eat cereals and refrigerated foods. The financial specifics of the acquisition were not disclosed, but it represents a significant development for both companies.
Post Holdings, Inc. (NYSE:POST) will hold a conference call on February 5, 2021, at 9:00 a.m. EST to discuss its financial results for Q1 FY2021 and the fiscal outlook. The financial results will be released after market close on February 4, 2021. CEO Robert V. Vitale and CFO Jeff A. Zadoks will lead the call. Interested parties can join the call via phone or webcast on the company's Investor Relations website, with a replay available until February 19, 2021.
Post Holdings, Inc. (NYSE: POST) has agreed to acquire Almark Foods, a leading provider of hard-cooked and deviled egg products. This acquisition aims to enhance Post's existing Michael Foods egg business, expanding its portfolio in the refrigerated retail segment. Almark's products are widely distributed across retail and foodservice channels. The financial terms have not been disclosed, and the acquisition is expected to complete in Q1 2021, pending customary closing conditions. There are inherent risks related to the completion of this transaction.
Post Holdings, Inc. (NYSE:POST) has released its inaugural 2020 Environmental, Social and Governance (ESG) report, highlighting significant achievements in sustainability, including water stewardship, waste management, sustainable packaging, and responsible sourcing. The report also details the company’s response to COVID-19, emphasizing employee safety measures and community support. CEO Rob Vitale expressed pride in the report, showcasing the company’s commitment to serving stakeholders through its business practices. The full report is available on the Post Holdings’ website.