Core Insights - Mama's Creations, Inc. will release its financial results for the fiscal third quarter ended September 30, 2025, after market close on December 8, 2025 [1] - The company aims to become a $1 billion deli prepared foods company by 2030, with a current revenue run-rate approaching $200 million following the acquisition of Crown 1 [4] Financial Results Announcement - The financial results will be discussed in an investor conference call scheduled for December 8, 2025, at 4:30 p.m. Eastern time [2] - Participants can join the call using specific dial-in information provided [2] Business Performance and Strategy - The company has demonstrated its ability to profitably scale the business, outpacing its category significantly [3] - The acquisition of Crown 1 is seen as a strategic move to enhance operational capabilities, drive cost synergies, and create cross-selling opportunities [3][4] - Mama's Creations is focused on seamless integration of Crown and expanding its presence with tier-1 national retailers [4] Company Overview - Mama's Creations, Inc. is a leading marketer and manufacturer of fresh deli prepared foods, available in over 12,000 retail locations across the U.S. [5] - The company aims to leverage vertical integration and a diverse brand portfolio to meet modern consumer demands [5]

Core Insights - Mama's Creations, Inc. will release its financial results for the fiscal third quarter ended September 30, 2025, after market close on December 8, 2025 [1] - The company aims to become a $1 billion deli prepared foods company by 2030, with a current revenue run-rate approaching $200 million following the acquisition of Crown 1 [4] Financial Results Announcement - The financial results will be discussed in an investor conference call scheduled for December 8, 2025, at 4:30 p.m. Eastern time [2] - Participants can join the call using specific dial-in numbers and a conference ID [2] Business Performance and Strategy - The company has demonstrated its ability to profitably scale the business, outpacing its category significantly [3] - The acquisition of Crown 1 is seen as a strategic move to enhance operational capabilities, drive cost synergies, and create cross-selling opportunities [3][4] - Mama's Creations is focused on seamless integration of Crown and expanding its presence with tier-1 national retailers [4] Company Overview - Mama's Creations, Inc. is a leading marketer and manufacturer of fresh deli prepared foods, available in over 12,000 retail locations across the U.S. [5] - The company aims to leverage vertical integration and a diverse brand portfolio to meet modern consumer demands [5]

Financial Data and Key Metrics Changes - Consolidated net sales for Q4 were $2.2 billion, with a 12% increase driven by the acquisition of Eighth Avenue; excluding this acquisition, net sales declined due to lower pet food and cereal volumes [12][13] - Adjusted EBITDA for Q4 was $425 million, with a 50% increase in foodservice adjusted EBITDA driven by avian influenza pricing and volume growth [12][13] - Free cash flow for the quarter was approximately $150 million, with full-year free cash flow nearing $500 million [15][16] Business Line Data and Key Metrics Changes - Post's consumer brands net sales, excluding Eighth Avenue, decreased by 13%, with cereal volumes down 8% and pet volumes down 13% [12][13] - Foodservice net sales increased by 20%, with an 11% volume increase; adjusted EBITDA increased by 50% [12][13] - Refrigerated retail net sales were flat, with volumes down 4% excluding PPI impact; adjusted EBITDA increased by 44% [12][14] Market Data and Key Metrics Changes - The cold chain business showed strong performance, particularly in egg and potato volumes, with higher margin egg products growing nearly 9% in Q4 [9][10] - The U.K. cereal category showed improvement, with Weetabix's net sales increasing by 4% [15] Company Strategy and Development Direction - The company aims to focus on cost reduction and profitable brand investments in retail while expecting volume growth in foodservice [6][8] - There is an ongoing review of M&A opportunities, with a balanced approach between acquisitions and share buybacks based on risk-return perspectives [20][21] - The company plans to make targeted investments in innovation across various categories, including protein and granola products in cereal [37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating regulatory changes and consumer sentiment challenges, highlighting the resilience of their diversified portfolio [5][6] - For FY 2026, the company expects adjusted EBITDA to be in the range of $1.50 billion to $1.54 billion, reflecting a growth rate of approximately 1%-4% [16] Other Important Information - The company repurchased 2.6 million shares in Q4, totaling 6.4 million shares for FY 2025 [15][16] - Capital expenditure guidance for FY 2026 is set at $350 million to $390 million, significantly lower than FY 2025 [16] Q&A Session Summary Question: Industry volume challenges and capital allocation decisions - Management acknowledged the structural versus cyclical nature of current industry challenges and emphasized a more thoughtful approach to capital allocation, balancing M&A and share buybacks [19][20] Question: Cost optimization in cereal segment - Management indicated that while there are additional cost reduction opportunities, larger actions like plant closures have already been taken, focusing now on line optimization [22][23] Question: Normalized growth outlook for segments - Management expects the PCB legacy business to remain flat, while other segments are projected to align with growth algorithms [26][27] Question: Performance in refrigerated retail - Management noted that while pricing benefits inflated margins, they expect high teens margins to be reasonable, with a return to around 16% during slower periods [32] Question: Innovation investments in 2026 - Management plans to invest in brand innovation across categories, including new product lines in cereal and pet food [37] Question: Demand for value-added products in foodservice - Management expressed confidence in sustained demand for value-added products due to historical trends and operational efficiencies [39][40] Question: Key moving parts in pet segment - Management highlighted the impact of lost private label business and expected a return to flat or slight growth in the second half of FY 2026 [45] Question: Pricing rationality in cereal category - Management noted competitive pressure and promotional activities affecting pricing dynamics in the cereal category [47]

Core Points - The Australian government is providing A$36 million (approximately $23.1 million) in debt financing to Patties Foods Group to modernize its production capabilities [1][3] - Patties Foods Group plans to invest this funding into its manufacturing sites located in Pakenham and Bairnsdale, Victoria [1][2] - The investment aims to enhance manufacturing capabilities to meet increasing consumer demand, as the Four'N Twenty brand has experienced significant growth over the past decade [2] Company Overview - Patties Foods Group operates eight manufacturing sites across Australia and New Zealand and produces a variety of products including meat pies, party pies, and ready meals under several brands [3][4] - The company was acquired by PAG Private Equity, a Hong Kong-based investor, in 2022, and it also acquired National Pies (Tasmanian Bakeries) in February 2023 [4] Investment Context - The National Reconstruction Fund Corporation (NRFC) is Australia's A$15 billion investment vehicle that focuses on areas such as low-emissions technologies and value-added agriculture [3] - The NRFC's CEO, David Gall, emphasized that the investment supports manufacturing, job creation, and regional development [2][3]

Core Insights - Mitsoh, a Canadian meat-snack manufacturer, has secured a multi-million-dollar investment from Raven Indigenous Capital Partners to enhance its operations and product offerings [1][2] - The company aims to expand its manufacturing capacity, improve distribution across Canada, and innovate within its meat-snack portfolio [2] - Mitsoh is led by CEO Brandon Markiw and co-founder Ian Gladue, who emphasize the importance of cultural integrity and community support in their growth strategy [2][4] Company Overview - Mitsoh was established in 2018 by Ian Gladue from Wabasca's Bigstone Cree Nation in Alberta, Canada, and is Indigenous-owned [1] - The company produces premium meat snacks using high-quality proteins and natural ingredients [1] Investment and Growth Strategy - The new funding will facilitate a scale-up phase for Mitsoh, transitioning it from a fast-growing challenger brand to a category leader [2] - The investment is intended to support operational excellence while honoring Indigenous culture and community values [2][4] Leadership - Mike Fata, a notable Canadian food entrepreneur, has been appointed as chairman of the Mitsoh board [3] - Fata co-founded Manitoba Harvest and has significant experience in the food industry, having led the company until its sale in 2019 for C$419 million (approximately $297.4 million) [3]

Core Insights - Post Holdings reported revenue of $2.25 billion for the quarter ended September 2025, reflecting an 11.8% increase year-over-year and matching the Zacks Consensus Estimate, with an EPS of $2.09 compared to $1.53 in the previous year [1] - The company achieved an EPS surprise of +8.85%, exceeding the consensus estimate of $1.92 [1] Revenue Performance - Net Sales for Weetabix reached $145 million, surpassing the average estimate of $141.04 million, marking a year-over-year increase of +3.6% [4] - Net Sales for Post Consumer Brands were $1.16 billion, below the estimated $1.24 billion, but still showing a +10.6% change compared to the previous year [4] - Foodservice net sales amounted to $718 million, exceeding the average estimate of $637.73 million, with a year-over-year increase of +20.5% [4] - Refrigerated Retail net sales were $228.2 million, slightly below the estimated $232.5 million, reflecting a +0.8% change year-over-year [4] EBITDA Analysis - Adjusted EBITDA for Post Consumer Brands was $208 million, lower than the average estimate of $227.48 million [4] - Weetabix's Adjusted EBITDA was $32.6 million, slightly below the estimate of $33.75 million [4] - Foodservice Adjusted EBITDA reached $161.1 million, significantly above the estimated $127.83 million [4] - Corporate/Other Adjusted EBITDA was reported at -$21.9 million, better than the average estimate of -$23.67 million [4] - Refrigerated Retail Adjusted EBITDA was $45.6 million, exceeding the estimate of $36.63 million [4] Stock Performance - Over the past month, shares of Post Holdings have returned -1.8%, compared to a -0.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - The company is adopting a wait-and-see approach regarding tariff mitigation and price increases, indicating that it is premature to formulate a response to the tariffs imposed on imported aluminum [3] - The current tariffs are not expected to have a material impact on the company's operating results, but a modest impact is anticipated in the fourth quarter of 2025 and in 2026 [4] - The Midwest premium for aluminum has surged to a record high, significantly affecting the cost of cans purchased by the company [4][6] Pricing Strategy - The company raised prices effective November 1, focusing on revenue growth rather than directly addressing tariff impacts [5] - The pricing strategy takes into account consumer purchasing behavior, brand momentum, channel, and package mix [5] Industry Context - Other food manufacturers are also facing challenges due to aluminum tariffs, with The Campbell's Company reporting difficulties in offsetting tariff impacts due to a lack of domestic supply of certain steel derivatives [5] - The company expects to mitigate 60% of tariff costs in fiscal 2026 [5] - The CEO highlighted that there is insufficient capacity and supply available in the United States, which affects local purchasing options [6]

Core Viewpoint - Post Holdings, Inc. is expected to report strong quarterly earnings with significant year-over-year growth in EPS and revenue, driven by various operational strengths and market demand [1][2][3][6] Financial Performance - For the quarter ending September 2025, Post Holdings is projected to report an EPS of $1.92, reflecting a 25.5% increase from the previous year [2] - Revenue is anticipated to reach approximately $2.25 billion, indicating an 11.8% rise compared to the same quarter last year [2][4] - The company has consistently delivered an average earnings surprise of 21.4% over the last four quarters [3] Operational Drivers - Performance is bolstered by gains from the 8th Avenue unit, increased seasonal demand for cereals, and strong momentum in cold-chain and foodservice units [3][6] - Improved volumes in egg and potato products, along with healthy breakfast traffic, support cold-chain operations [3] Market Valuation - Post Holdings has a price-to-earnings (P/E) ratio of approximately 16.27, indicating the market's valuation of its earnings [5][6] - The price-to-sales ratio stands at 0.73, suggesting that investors are paying 73 cents for every dollar of sales [5][6] - A debt-to-equity ratio of 1.84 highlights the company's reliance on debt financing relative to equity, while a current ratio of 2.60 indicates a strong liquidity position [5]

Core Insights - AB Akola Group reported consolidated revenues of EUR 394 million for the first quarter of FY2025/2026, a 3% increase compared to the same period last year [1][3] - The Group's gross profit rose by 27% to EUR 56 million, while operating profit increased by 43% to EUR 27 million [2][3] - Net profit surged by 53% to nearly EUR 20 million, reflecting strong performance across various business segments [2][3] Financial Performance - Total trading volume increased by 7% year-on-year, reaching 791 thousand tons [2][3] - EBITDA for the quarter was EUR 36 million, a 34% increase from the previous year [2][3] - The revenue breakdown for the Partners for Farmers segment was EUR 275 million, with a gross profit of nearly EUR 30 million [4][7] Segment Analysis Partners for Farmers - Revenue decreased by 3% to EUR 274.7 million, but gross profit increased by 31.8% to EUR 29.6 million [7] - Operating profit rose by 51.2% to EUR 13.3 million, supported by a large Baltic harvest and the acquisition of SIA Elagro Trade [4][7] Food Production - Revenue increased by 15% to EUR 123 million, with gross profit of EUR 24 million [8][11] - Poultry operations remained stable, contributing to profitability despite market shifts [10][11] Farming - Revenue for the Farming segment was EUR 12 million, with a gross profit of EUR 1.5 million [12][15] - Crop production increased by 8.5%, with significant improvements in malting barley yields [13][14] Other Products and Services - Revenue grew by 15% to EUR 5.7 million, with a gross profit increase of 24.3% [18] - The veterinary pharmaceuticals business saw a 26% sales increase, while pest control revenues surged by 43% [16][18] Overall Group Performance - AB Akola Group is the largest agribusiness and food production group in the Baltics, with FY2024/2025 revenues of EUR 1.58 billion [18] - The Group sold 3.1 million tons of products, achieving a gross profit of EUR 194 million and a net profit of EUR 61 million [18]

Financial Data and Key Metrics Changes - For fiscal 2025, net sales reached $10.3 billion, marking a 6% increase compared to the previous year, primarily driven by the acquisition of Sovos Brands [27] - Organic net sales decreased by 1% year-over-year, attributed to lower volume and unfavorable mix and net price investment [27] - Adjusted EBIT increased by 2% compared to the prior year, while adjusted EPS decreased by 4% to $2.97 due to higher adjusted net interest expense [28][29] Business Line Data and Key Metrics Changes - Organic net sales in the meals and beverages division remained flat, while snacks saw a 3% decline [27] - The company achieved $145 million in enterprise cost savings under a $250 million cost savings program, which was later increased to $375 million by the end of fiscal 2028 [28] Market Data and Key Metrics Changes - The company generated strong operating cash flow of $1.1 billion, slightly lower than the previous year due to changes in working capital [28] - Capital expenditures for fiscal 2025 were $426 million, an 18% decline compared to the prior year [29] Company Strategy and Development Direction - The company aims to leverage category leadership and innovation capabilities to keep its brands aligned with consumer trends while focusing on efficiency and effectiveness to drive sustainable long-term growth [30] - The company intends to use cost savings as a lever to offset tariff headwinds [28] Management's Comments on Operating Environment and Future Outlook - Management expressed that fiscal 2025 results were slightly ahead of expectations, emphasizing a focus on execution in a dynamic operating environment [27] - The company remains committed to returning cash to shareholders, having paid $459 million in dividends and $62 million in share repurchases [29] Other Important Information - The board unanimously recommended against two shareholder proposals regarding simple majority voting and a report on the effectiveness of the regenerative agriculture program [25][24] Q&A Session Summary - No questions were submitted during the Q&A session regarding the formal agenda items, leading to a smooth transition to voting [24][30]