Welcome to our dedicated page for Post Hldgs news (Ticker: POST), a resource for investors and traders seeking the latest updates and insights on Post Hldgs stock.
Post Holdings Inc (NYSE: POST) is a leading consumer packaged goods company operating across cereals, refrigerated foods, and foodservice sectors. This news hub provides investors and industry observers with centralized access to official announcements and market-moving developments.
Track POST's strategic initiatives through press releases covering earnings results, acquisition updates, product innovations, and operational milestones. Our curated collection ensures timely access to information impacting the company's position in food manufacturing and distribution.
Key content categories include quarterly financial disclosures, brand portfolio expansions, supply chain developments, and partnership announcements. Discover updates from POST's core segments: Post Consumer Brands cereals, Weetabix operations, and refrigerated retail innovations.
Bookmark this page for direct access to primary source materials that inform investment decisions and market analysis. Regularly updated to reflect POST's evolving business strategy in the competitive packaged foods landscape.
Post Holdings, a consumer packaged goods company, reported first fiscal quarter results for the period ending December 31, 2022. The company achieved net sales of $1.6 billion and an operating profit of $149.9 million. Net earnings from continuing operations reached $91.9 million, while Adjusted EBITDA was $269.9 million. Notably, Post raised its fiscal year 2023 Adjusted EBITDA guidance to between $1,025 million and $1,065 million, reflecting a positive outlook for the year.
Snoop Dogg and Master P's Broadus Foods have partnered with Post Consumer Brands to launch the Snoop Cereal collection featuring three new varieties: Fruity Hoopz with Marshmallows, Cinnamon Toasteez, and Frosted Drizzlerz. Set to hit grocery shelves nationwide in summer 2023, each cereal is designed to appeal to children and families, with bright packaging and characters like Captain Ace. Broadus Foods will donate a portion of the proceeds from sales to tackle homelessness and food insecurity. This collaboration aims to enhance economic empowerment and diversity in the grocery sector.
Post Holdings, Inc. (NYSE:POST) announced a conference call for February 3, 2023, at 9:00 a.m. EST to discuss its Q1 fiscal 2023 financial results and outlook. The earnings will be released post-market on February 2, 2023. Key executives, including CEO Robert V. Vitale and CFO Matthew J. Mainer, will be present to answer questions. Interested parties can join via a designated phone line or listen to the webcast on the company’s website. A replay of the call will be available until February 10, 2023.
Post Holdings, Inc. (NYSE:POST) released its 2022 Environmental, Social, and Governance (ESG) report, highlighting significant sustainability efforts and future commitments. The report covers various areas, including greenhouse gas emissions, water stewardship, waste management, and animal welfare. Additionally, it emphasizes diversity, equity, and inclusion initiatives, community engagement, governance, and employee safety. CEO Rob Vitale stresses the importance of these efforts in delivering responsible business practices.
Post Holdings, Inc. announced the underwritten offering of 4,597,339 shares of BellRing Brands, Inc. stock, sold by J.P. Morgan in connection with an Exchange Agreement. This move will help Post retire part of its $130 million incremental term loan. Post will no longer own any shares of BellRing following this transaction. The offering is set to close on November 25, 2022, under customary conditions, and proceeds will not benefit BellRing directly. J.P. Morgan is the lead underwriter, with others like Barclays and Goldman Sachs participating.
Post Holdings, Inc. (NYSE:POST) reported strong fourth-quarter results with net sales of $1.6 billion, a 16.5% increase year-over-year. Operating profit rose 55.7% to $131.9 million, and net earnings from continuing operations surged 910.8% to $83.9 million. For the fiscal year 2022, net sales reached $5.9 billion, with net earnings increasing 600.7% to $735 million. Management expects fiscal year 2023 Adjusted EBITDA between $990-$1,040 million. The company aims to optimize manufacturing and invest in growth, despite ongoing supply chain challenges.
Post Holdings, Inc. (NYSE: POST) has announced key promotions within its executive team, effective December 1, 2022. Matt Mainer has been promoted to Senior Vice President, Chief Financial Officer, and Treasurer, while Jeff Zadoks becomes Executive Vice President and Chief Operating Officer. Both executives will continue to report to President and CEO Robert V. Vitale. Mainer's expanded role includes CFO responsibilities, while Zadoks will focus on operational excellence and cost reduction across the company's diverse portfolio, which includes major brands like Post Consumer Brands and Weetabix.
Post Holdings, Inc. (NYSE:POST) will hold a conference call on November 18, 2022, at 9:00 a.m. EST to discuss its fourth-quarter financial results and the fiscal year 2023 outlook. The company plans to release these results after market close on November 17, 2022. Robert V. Vitale, President and CEO, and Jeff A. Zadoks, Executive VP and CFO, will lead the call. Interested parties can join by phone or via webcast on the Investor Relations section of Post's website.
Post Holdings, Inc. (NYSE:POST) has announced a new $300 million share repurchase program, effective September 3, 2022. This follows the completion of a previous $400 million authorization, under which approximately $354 million was repurchased. The company plans to buy back shares using cash on hand and operational cash flow, but retains discretion on the timing and amount of repurchases.
This move aims to enhance shareholder value by potentially increasing earnings per share and demonstrates confidence in the company's financial health.
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