Post Holdings Inc is a consumer packaged goods holding company that specializes in the manufacturing, marketing, and distribution of a wide range of food products
The company operates through various segments, including the production of ready-to-eat cereal, refrigerated and frozen breakfast foods, and nutritional products. Post Holdings is known for its popular brands, which cater to diverse consumer preferences and dietary needs. The company's portfolio also includes snacks and other food items, aimed at enhancing everyday meals and providing convenient options for consumers. Through strategic acquisitions and innovation, Post Holdings works to expand its market presence and meet the evolving demands of the food industry.
Packaged foods company Post (NYSEPOST) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $1.97 billion. Its non-GAAP profit of $1.73 per share was 14.4% above analysts’ consensus estimates.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
Post has been treading water for the past six months, recording a small loss of 3% while holding steady at $106.73. The stock also fell short of the S&P 500’s 7.7% gain during that period.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Hain Celestial (NASDAQHAIN) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how shelf-stable food stocks fared in Q3, starting with Post (NYSEPOST).
Looking back on shelf-stable food stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including B&G Foods (NYSEBGS) and its peers.
Packaged foods company Post (NYSEPOST) announced better-than-expected revenue in Q3 CY2024, with sales up 3.3% year on year to $2.01 billion. Its non-GAAP profit of $1.53 per share was 25.2% above analysts’ consensus estimates.
Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell‘s speech in Dallas at 3 p.m. ET.
