Post(US:POST) Prnewswireยท2025-05-08 21:00Core Insights - Post Holdings, Inc. reported a decrease in net sales for the second fiscal quarter ended March 31, 2025, with net sales of $1,952.1 million, down 2.3% from $1,999.0 million in the prior year period [4][10] - The company experienced a significant decline in net earnings, which were $62.6 million, a decrease of 35.6% compared to $97.2 million in the prior year period [6][10] - Adjusted EBITDA for the second quarter was $346.5 million, reflecting a slight increase of 0.4% from $345.2 million in the prior year [7][10] Financial Performance - Net sales for the six months ended March 31, 2025, were $3,926.8 million, a decrease of 1.0% from $3,964.9 million in the prior year [8] - Gross profit for the second quarter was $545.8 million, or 28.0% of net sales, down from $579.6 million, or 29.0% of net sales, in the prior year [4] - Selling, general and administrative expenses decreased to $314.8 million, or 16.1% of net sales, from $341.3 million, or 17.1% of net sales, in the prior year [5] Segment Performance - Post Consumer Brands segment reported net sales of $987.9 million, a decrease of 7.3% driven by a 5.8% decline in volumes [12] - Foodservice segment saw an increase in net sales to $607.9 million, up 9.6% compared to the prior year, driven by the inclusion of ready-to-drink shakes [16] - Refrigerated Retail segment experienced a decline in net sales to $224.6 million, down 6.6% due to shifting holiday demand [18] Share Repurchases - During the second quarter, the company repurchased 1.7 million shares for $191.6 million at an average price of $110.19 per share [25] - For the six months ended March 31, 2025, Post repurchased a total of 3.3 million shares for $372.7 million [25] Outlook - The company raised its fiscal year 2025 Adjusted EBITDA guidance to a range of $1,430-$1,470 million from the previous range of $1,420-$1,460 million [26] - Capital expenditures for fiscal year 2025 are expected to range between $390-$430 million, including investments in network optimization and facility expansions [26]