Post Holdings Reports Results for the First Quarter of Fiscal Year 2025; Raises Fiscal Year 2025 Outlook

Core Viewpoint - Post Holdings, Inc. reported a modest increase in net sales for the first fiscal quarter of 2025, driven by growth in the Foodservice segment, while facing declines in other segments such as Post Consumer Brands and Refrigerated Retail [4][11]. Financial Performance - Net sales reached $1,974.7 million, a 0.4% increase from $1,965.9 million in the prior year, with acquisitions contributing $60.8 million to current sales [4]. - Gross profit was $595.3 million, representing 30.1% of net sales, up from 29.1% in the prior year, indicating a 4.0% increase in gross profit [4]. - Operating profit increased by 2.3% to $214.1 million compared to $209.3 million in the prior year [5]. - Net earnings rose significantly by 28.6% to $113.3 million, with diluted earnings per share increasing to $1.78 from $1.35 [6][11]. Segment Performance - Post Consumer Brands: Net sales decreased by 2.5% to $963.9 million, with a volume decline of 8.8% excluding acquisition impacts [8]. - Weetabix: Net sales fell by 1.2% to $127.6 million, with a volume decrease of 11.6% when excluding acquisition impacts [9]. - Foodservice: This segment saw an 8.7% increase in net sales to $616.6 million, driven by distribution gains [10]. - Refrigerated Retail: Net sales decreased by 5.1% to $266.6 million, with a segment profit decline of 32.0% [12]. Adjusted Financial Metrics - Adjusted EBITDA for the quarter was $369.9 million, a 2.9% increase from $359.5 million in the prior year [7]. - Adjusted net earnings were $111.9 million, slightly down from $113.7 million in the prior year [6]. Share Repurchase and Capital Management - During the first quarter, the company repurchased 1.6 million shares for $181.1 million, with a new $500 million share repurchase authorization approved [16][17]. Outlook - The company raised its fiscal year 2025 Adjusted EBITDA guidance to a range of $1,420-$1,460 million, reflecting expectations for recovery in the Foodservice segment and capital expenditures between $380-$420 million [18][21].