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 consumer packaged goods holding company headquartered in St. Louis, Missouri, with businesses in center-of-the-store grocery categories, refrigerated foods, foodservice and food ingredients. The news flow around POST stock often reflects developments across its Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail operations, as well as corporate finance and governance activity.
Company press releases highlight a range of topics, including quarterly and annual financial results, segment performance and outlook updates. Earnings announcements provide detail on net sales, operating profit, net earnings and non-GAAP measures such as Adjusted EBITDA, along with commentary on trends in ready-to-eat cereal, pet food, protein-based shakes, egg and potato products and refrigerated side dishes, eggs, cheese and sausage.
Investors following Post news will also see coverage of capital structure actions, such as the issuance of 6.50% senior notes due 2036, the redemption of 5.50% senior notes due 2029 and share repurchase authorizations approved by the Board of Directors. These items shed light on how the company manages debt, liquidity and equity capital over time.
Strategic transactions are another recurring theme. Post has reported on acquisitions like Potato Products of Idaho, L.L.C. and 8th Avenue Food & Provisions, Inc., as well as the subsequent sale of 8th Avenue’s pasta business while retaining nut butters, fruit and nut products and granola businesses. Leadership and governance updates, including executive leadership changes, Board chair transitions and bylaw amendments, also appear in the company’s news releases.
This POST news page aggregates such announcements so readers can review financial updates, capital markets activity, acquisitions and divestitures, and governance developments in one place. For investors and analysts, regularly checking this feed helps track how Post’s segment performance, balance sheet decisions and strategic moves may influence the long-term profile of POST stock.
Bob Evans Farms has released its first annual giving report, underscoring its charitable efforts over the past two years, including a total of $15.8 million in food and monetary donations. Despite COVID-19 challenges, the company increased its monetary giving by 3% from 2021 to 2022. The report highlights a significant increase in food donations, with over $14.4 million provided to food banks, marking a 132% rise from the previous year. Employee contributions totaled 525 hours of community service, demonstrating a strong commitment to philanthropy focused on diversity, equity, and inclusion.
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Post Consumer Brands has launched Sweet Dreams, a new ready-to-eat cereal aimed at promoting healthy sleep habits. Available in two flavors, Blueberry Midnight and Honey Moonglow, the cereal incorporates whole grains and a nighttime herbal blend, including chamomile and lavender.
Rich in vitamins and minerals like Zinc and B vitamins, Sweet Dreams is designed to support melatonin production. This product responds to growing consumer demand for self-care and relaxation routines, especially at bedtime. Sweet Dreams is set to be available in grocery stores nationwide.
Post Holdings has announced its acquisition of select pet food brands from The J.M. Smucker Co. for $1.2 billion, which includes well-known products such as Rachael Ray® Nutrish® and Kibbles ‘n Bits®. The transaction is positioned to be immediately accretive to Post's cash flow, excluding one-time costs, and is expected to generate approximately $100 million in adjusted EBITDA in the first year. The deal marks a significant entry into the pet food market, leveraging established brands and distribution channels. Post anticipates creating a new pet food platform and expects $30 million in annual cost synergies by the third fiscal year post-closing.
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.
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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.