What guidance did Post Holdings's management provide for the next earnings period?

What is the revenue and EPS growth rate for Post Holdings year over year?

Did Post Holdings beat or miss consensus estimates last quarter?

What were the key takeaways from Post Holdings’s earnings call?

What does Post Holdings do and what are its main business segments?

What were the key takeaways from Post Holdings's earnings call?

What is Post Holdings's gross profit margin?

What is Post Holdings's latest dividend and current dividend yield?

- **Q1 EBITDA Beat**: Exceeded expectations with strong Foodservice performance and $100M+ free cash flow.
- **Cereal Strategy Shift**: Reduced promotional spend by 10%, focusing on private-label efficiency and dollar share stability.
- **Foodservice Growth**: 3-4% annual growth target for $125M+ normalized run rate, driven by value-added eggs.
- **M&A Flexibility**: Maintained net leverage at 3.5x despite $150M+ buybacks, positioning for opportunistic deals.
- **Pet Food Recovery**: Sequential improvement in Nutrish/Gravy Train with price testing, but private-label challenges persist.
- **Cost Savings**: $10M+ annual savings from cereal plant closures beginning Q3, supporting margin expansion.

**【Management Opening Remarks】**
- Q1 2026 adjusted EBITDA exceeded expectations, driven by strong operating performance and the sale of the 8th Avenue Pasta business.
- Aggressive share repurchases maintained net leverage flat, preserving flexibility for capital allocation.
- Updated guidance reflects a higher normalized run rate for the Foodservice segment.

**【CEO & COO Commentary】**
- **Cereal Category**: Recent stabilization in low single-digit decline rate attributed to SNAP-driven trade-down from higher-priced categories. Post reduced promotional spend by ~10% to improve efficiency, maintaining dollar market share flat year-over-year.
- **Pet Food**: Volume lagged category due to distribution losses in private-label Pet business, though sequential improvement noted in Nutrish and Gravy Train with price testing.
- **Innovation**: Investing in protein-rich side dishes (e.g., sausage-based products) and frozen entrees targeting GLP-1 trends.

**【CFO Financial Commentary】**
- **Foodservice**: Normalized run rate of $125M+ per quarter, with 3-4% annual growth driven by mix shift to value-added eggs (e.g., liquid, frozen). Q1 benefits included inventory restocking and Avian influenza pass-through tailwind.
- **Refrigerated Retail**: Private-label mashed potatoes and mac & cheese launched in 2 retailers, with pipeline expansion opportunities. RTD shakes production ramping up but facing cost inefficiencies.
- **Leverage**: Net leverage held flat at ~3.5x despite $150M+ share buybacks, supported by $100M+ free cash flow generation.

**【Q&A Highlights】**
- **M&A Strategy**: CEO notes multiples remain elevated, but open to opportunities as valuations normalize. No specific category focus beyond existing adjacencies.
- **Cereal Category Risk**: COO warns sustained recovery uncertain; ~20% of volume exposed to promotional channels with limited control over competitor spending.
- **Cost Savings**: Closures of 2 cereal plants to begin contributing $10M+ annual savings in Q3/4, with no further plant closures planned.
- **Egg Pricing Pass-Through**: CFO confirms 90-day lag in egg price pass-through, with no material volatility expected in 2026.

Post Holdings, Inc. (POST) Q1 2026 Earnings Call Transcript

- **Strong Cash Flow & Buybacks**: Generated $500M free cash flow in FY '25, repurchasing 11% of shares and completing 2 acquisitions.
- **Foodservice Growth**: Egg volumes up 11% in Q4, with 9% growth in higher-margin value-added products.
- **Cereal Category Challenges**: Volumes down 8% in Q4, but EBITDA margin +100bps from cost management.
- **FY '26 Outlook**: EBITDA guidance $1.50B-$1.54B (+1% to +4%), with Q1 decline due to HPAI normalization.
- **Strategic Focus**: Balancing M&A with buybacks, prioritizing innovation in higher-margin products like protein cereals and pre-cooked potatoes.

**【CEO Summary Section】**
- FY '25 was marked by resilience despite challenges like Avian Flu and regulatory headwinds. Q4 revenue growth driven by Foodservice and Refrigerated Retail, with Retail segment focused on cost reduction.
- Strong cash flow ($500M FY '25) enabled 11% share buyback, 2 tactical acquisitions, and capital investments. FY '26 free cash flow expected to increase due to lower CapEx and tax benefits.
- Foodservice to lead growth with higher-margin egg products (9% Q4 volume growth), while Retail generates cash for M&A or buybacks.
- M&A strategy balanced with buybacks, prioritizing risk-adjusted returns.

**【COO Operational Update】**
- **Consumer Brands**: Cereal volumes down 8% due to category decline, but EBITDA margin +100bps from cost management. Pet volumes down 13% as Nutrish repositions, with Kibbles 'n Bits strong. Plant closures to mitigate cereal category decline.
- **Foodservice**: Egg volumes +11% (9% in higher-margin value-added), potato volumes +6% FY '25. Normalized EBITDA run rate of $115M, targeting 5% growth in FY '26.
- **Refrigerated Retail**: Private label growth (+4% FY '25) and HPAI pricing benefits drove 44% EBITDA growth. Holiday seasonality expected to moderate margins.
- **Weetabix**: U.K. cereal category improving, UFIT brand up 41%. Currency tailwinds offset volume declines.

**【CFO Financial Commentary】**
- Q4 '25: Net sales $2.2B (+12% vs. prior year, excluding 8th Avenue). Adjusted EBITDA $425M, driven by Foodservice (+50%) and Refrigerated Retail (+44%).
- FY '26 Guidance: EBITDA $1.50B-$1.54B (+1% to +4% vs. normalized FY '25). Q1 EBITDA expected to decline due to HPAI normalization, with second-half favorability.
- CapEx FY '26 $350M-$390M (down from FY '25), focused on Foodservice growth.
- Net leverage flat at 4.4x, with share buybacks continuing as capital allocation priority.

**【Q&A Highlights】**
- **M&A vs. Buybacks**: Capital allocation prioritizes risk-adjusted returns; no preference between M&A and buybacks.
- **Cereal Category**: Structural decline expected to continue, with focus on cost reduction (e.g., line optimization) and innovation (e.g., protein cereals).
- **Foodservice Growth**: Higher-value egg products (e.g., liquid eggs) show stickiness post-Avian Flu, driven by labor efficiency benefits for customers.
- **Pet Reset**: Nutrish repositioning expected to stabilize volumes mid-FY '26, with private label losses lapped by Q4.
- **Innovation Focus**: Investments in higher-margin, higher-growth areas like protein cereals, pre-cooked potatoes, and premium pet products.


Post Holdings, Inc. (POST) Q4 2025 Earnings Call Transcript

- **Q3 Strong Performance:** $397M EBITDA driven by cold chain growth, offsetting PCB challenges. 
- **8th Avenue Integration:** $1.2B acquisition to contribute FY26, with delayed integration for stability. 
- **Tax Savings Windfall:** $300M cash tax savings over 5 years from tax reforms. 
- **Share Buyback Aggression:** 8% of company repurchased year-to-date, with continued opportunism. 
- **Foodservice Normalization:** $115M quarterly EBITDA run rate expected in FY26. 
- **Cereal & Pet Challenges:** Private label underperformance, pet brand recovery taking longer than expected. 
- **M&A Openness:** Balanced approach with Kellogg deal signaling potential for transformative transactions. 


**【CEO Summary Section】**
- Reported Q3 adjusted EBITDA of $397 million, driven by strong cold chain businesses offsetting challenges in Post Consumer Brands (PCB). 
- Acquired 8th Avenue for $1.2 billion, with integration delayed until FY26 to maintain stability. 
- Aggressive share buybacks: 8% of company repurchased year-to-date. 
- Tax reforms expected to save $300 million in cash taxes over 5 years through bonus depreciation and interest deductibility changes. 
- Foodservice business on track for $115 million quarterly EBITDA run rate in FY26. 
- Cereal and pet categories facing headwinds, with PCB pursuing cost optimization and targeted investments. 

**【COO (Jeff Zadoks) Segment Review】**
- **Post Consumer Brands (PCB):** 
  - Cereal volumes down 4.9% YoY, with private label underperforming branded. 
  - Pet volumes down 13% YoY due to Nutrish relaunch challenges and Gravy Train price elasticity. 
  - $5 million SG&A severance charge taken to align with reduced cereal footprint. 
- **Foodservice:** 
  - Q3 net sales up 19%, EBITDA up 32% from AI-driven pricing and volume growth. 
  - Egg supply expected to normalize by Q4, setting up for FY26 run rate of $115M EBITDA. 
- **Refrigerated Retail:** 
  - EBITDA up 94% YoY, benefiting from Easter timing and PPI integration efficiencies. 
- **Weetabix:** 
  - Core yellow box volumes up 3% YoY, UFIT volumes up 31% YoY. 

**【CFO (Matt Mainer) Financial Highlights】**
- Q3 consolidated net sales $2.0B (2% YoY growth), driven by cold chain businesses. 
- PCB segment EBITDA down 8% YoY due to volume declines, offset by cost optimization. 
- Foodservice EBITDA up 32% YoY to $102 million. 
- Free cash flow $95 million, with $500 million spent on share buybacks FYTD. 
- Updated FY25 EBITDA guidance raised to $1.52B (from $1.5B), with Q4 flat to Q3. 
- Net leverage 4.3x, improving to 4.5x after 8th Avenue acquisition. 

**【Q&A Highlights】**
- **Fiscal '26 Outlook:** 
  - Foodservice normalization expected to offset AI-driven pricing winddowns. 
  - PCB targeting flat volumes in cereal, with back-to-school seasonality support. 
  - 8th Avenue expected to contribute $100 million+ EBITDA in FY26. 
- **Cereal Category Dynamics:** 
  - Private label underperformance due to Walmart traffic decline and pricing convergence. 
  - Tactical spending on innovation (e.g., protein-enhanced cereals) vs. broad promotional activity. 
- **M&A Strategy:** 
  - Open to both small and large deals, balancing with share buybacks. 
  - Kellogg transaction viewed as positive signal for larger M&A potential. 
  - Current focus on integrating 8th Avenue while maintaining financial flexibility. 
- **Regulatory & Input Costs:** 
  - Product reformulation for regulatory compliance will be tactical, not transformative. 
  - Ingredient cost inflation partially offset by pricing actions in cold chain businesses. 


Post Holdings, Inc. (POST) Q3 2025 Earnings Call Transcript

- **Foodservice Recovery**: Q2 avian influenza costs ($30M) expected to reverse in H2, with shake sales driving 3% volume growth.
- **PCB Restructuring**: $20M annual savings from plant closures to offset 4-5% cereal category decline, targeting 1-2% medium-term volume stabilization.
- **Financial Discipline**: $70M free cash flow, 1.7M shares repurchased, net leverage 4.5x, with FY25 EBITDA guidance updated to $1.43B-$1.47B.
- **Pet Business Momentum**: Nutrish relaunch early positive feedback, Weetabix EBITDA +9% from pricing, offsetting volume declines.


**【CEO Opening Remarks】**
- Highlighted performance in a challenging environment with focus on demand drivers and supply chain execution.
- Noted uncertainty in capital markets affecting M&A valuations and strategic focus on smaller, tactical transactions.

**【COO Operational Update】**
- **Foodservice Segment**: Q2 EBITDA down $20M vs Q1 due to $30M avian influenza costs, partially offset by operational improvements. Expect recovery of Q2 costs in H2 with pricing impacts. Shake sales growth offset volume declines.
- **Post Consumer Brands (PCB)**: Cereal category down 3.7%, with 4.5% decline in branded portfolio. Pet volumes down 5% due to Nutrish demand challenges. Plant closures expected to yield $20M annual savings by end of CY2025.
- **Retail Segment**: EBITDA down 14% due to avian influenza costs and Easter timing. Weetabix volumes impacted by ERP conversion but EBITDA up 9% from pricing improvements.

**【CFO Financial Review】**
- Q2 net sales $2B, adjusted EBITDA $347M. PCB net sales down 7% vs prior year, offset by Foodservice growth (10%) driven by avian influenza pricing.
- Free cash flow $70M, share buybacks of 1.7M shares ($110 avg price). Net leverage 4.5x.
- Updated FY25 EBITDA guidance to $1.43B-$1.47B, reflecting Q2 cost recovery and PCB headwinds.

**【Q&A Highlights】**
- **Foodservice Run Rate**: Long-term EBITDA target between $105M and $122M, with Q2 performance indicating higher potential post-avian influenza normalization.
- **PCB Profitability**: Plant closures to mitigate 4-5% volume decline impact, aiming for 1-2% medium-term category decline. Pet business expected to offset cereal challenges via Nutrish relaunch and cost control.
- **Shake Growth**: Sequential improvement in RTD shake production, but contribution to profitability still limited.
- **8th Avenue Debt**: No update on maturities resolution, focus on business operations.


Post (POST)-9 May 25-2025 Q2 Earnings call transcript

- **Q1 Financial Highlights**: $2B net sales, $370M EBITDA; 9% Foodservice EBITDA growth offset by $370M Pet segment decline.
- **Key Risks**: $30-50M Q2 avian influenza headwind; 13% Pet volume decline from profit-enhancing actions.
- **Growth Drivers**: Foodservice egg/potato volume gains (+5% higher-value eggs); Weetabix core product +3.6%.
- **M&A Outlook**: Active pipeline across sizes; $114M share buybacks (2.6M shares YTD) maintain flexibility.
- **Pet Recovery Plan**: Nutrish relaunch, Nature's Recipe in-sourcing; 2026 innovation-led growth.


**【CEO Summary Section】**
- Fiscal Q1 2025 net sales: $2 billion; adjusted EBITDA: $370 million.
- PCB Pet & Grocery: Strong cost performance, 3.2% cereal category decline, 1% pet category consumption drop.
- Foodservice: 9% net sales growth driven by avian influenza pricing; Q2 cost headwind $30-50M due to supply chain challenges.
- Weetabix: 3.6% core product growth post ERP conversion; focus on marketing and cost optimization.
- Capital allocation: 4% share repurchase, net leverage maintained at 4.3x.

**【CFO Financial Commentary】**
- Post Consumer Brands: 6% net sales decline (excluding Perfection Pet); 3% pricing offset 9% volume decline.
- Foodservice: 10% EBITDA growth from egg/potato volume gains; Q2 pricing impact to be recovered in H2.
- Refrigerated Retail: 5% sales decline due to side dish and egg cost pressures; 22% EBITDA decline.
- Weetabix: 1% net sales decline (currency-neutral basis); 8% EBITDA decline from volume and input costs.
- Free cash flow: $310M (Q1); $170M net of CapEx.

**【Q&A Key Themes】**
- **M&A Activity**: Robust pipeline across deal sizes; valuation and fit key criteria. Share buybacks (2.6M shares YTD) do not preclude transformative deals.
- **Pet Business Optimization**: 13% volume decline driven by profit-enhancing actions (e.g., Gravy Train pricing, Nutrish distribution loss). Innovation (Nutrish relaunch, Nature's Recipe) expected to stabilize in Q2, grow in FY26.
- **Avian Influenza Impact**: Q2 headwind $30-50M; recovery via pricing and supply restoration. Long-term risk from industry volatility but confident in cost pass-through.
- **Cereal Category Trends**: 1.6% category decline; focus on premiumization (e.g., Premier Brands) and value chain flexibility.
- **Foodservice Demand**: Restaurant foot traffic soft but egg/potato value proposition drives growth. Liquid egg adoption opportunity as shell egg prices remain elevated.


Post (POST)-7 Feb 25-2025 Q1 Earnings call transcript

Post (POST)-15 Nov 24-2024 Q4 Earnings call transcript

Post (POST)-2 Aug 24-2024 Q3 Earnings call transcript

Post (POST)-3 May 24-2024 Q2 Earnings call transcript

Post (POST)-2 Feb 24-2024 Q1 Earnings call transcript

- **Strong 2023 Performance**: 28% EBITDA growth driven by Foodservice (AI pricing) and Pet Food (manufacturing excellence).
- **Pet Food Growth**: FY24 EBITDA expected to reach $180-200M, despite $15-20M in new marketing investments.
- **Foodservice Sustainability**: Q4 EBITDA of $95M reflects normalized run rate, supported by value-added egg mix shift.
- **Challenges & Investments**: Incremental SG&A in Refrigerated Retail and Weetabix (U.K.) offset by long-term brand reinvestment.
- **Balance Sheet Strength**: Free cash flow of $270M in Q4 reduced net leverage to 4.6x, enabling share buybacks and debt repayment.

**【Management Opening Remarks】**
- Robert Vitale announced he is undergoing radiation and chemotherapy for a malignant tumor, with Jeff Zadoks continuing as Interim CEO. He emphasized confidence in the company's leadership structure and operational continuity.

**【CEO Summary Section】**
- **2023 Performance**: Adjusted EBITDA grew 28% YoY, driven by Foodservice (AI pricing benefit), Pet Food (strong manufacturing performance), and margin improvements in domestic retail.
- **Consumer Trends**: Consumers trading down to value products, prioritizing convenience (e.g., breakfast on-the-go). Post is well-positioned with exposure to value categories (cereal, pet food) and convenience (side dishes).
- **Segment Highlights**:
  - **Foodservice**: Q4 EBITDA ~$95M (sustainable run rate), benefiting from volume growth and mix improvement.
  - **Pet Food**: First 5 months of ownership exceeded expectations, with profit above underwriting case. FY24 will see investments in marketing (~$15-20M) and production insourcing.
  - **U.S. Cereal**: Volumes down 6% Q4, but Post gained 90bps in branded share. Value/private label margins improving.
  - **Weetabix**: U.K. macro challenges led to 33% EBITDA decline, but investments in UFIT and private label offset some margin pressure.

**【CFO Financial Commentary】**
- **Q4 2023 Results**: 
  - Net sales: $1.9B (+23% YoY, driven by Pet Food acquisition)
  - Adjusted EBITDA: $349M (+27% YoY)
  - Free cash flow: $270M (vs. $120M prior year), reducing net leverage to 4.6x.
- **Cash Flow & Capital Allocation**:
  - Repurchased 1.6M shares ($87.52 avg price) and $150M debt at 13% discount.
  - FY23 CapEx: $100M (Norwalk egg facility, shake co-manufacturing)
- **FY24 Guidance**:
  - Balanced EBITDA cadence across quarters.
  - Foodservice: ~$95M/Q normalized EBITDA.
  - Pet Food: FY24 EBITDA ~$180-200M (vs. $100M underwriting case), despite $15-20M marketing investments.
  - Refrigerated Retail: Seasonal Q1 lift, but ongoing SG&A investments.

**【Q&A Key Highlights】**
- **Pet Food Margin Outlook**: Current run rate unsustainable due to one-time inventory replenishment and TSA cost savings. FY24 EBITDA expected to be ~$180-200M, above underwriting case but below Q4 levels.
- **Foodservice EBITDA Normalization**: Q4 run rate of ~$95M is sustainable, driven by mix shift to higher-margin value-added eggs.
- **Refrigerated Retail Challenges**: Q4 margin hit from $6-8M in incremental SG&A investments, but Q1 should see seasonal recovery.
- **Weetabix Margin Pressure**: U.K. macro weakness and premium brand positioning leading to margin compression. 2024 focus on cost reduction and brand reinvestment.
- **Perfection Pet Acquisition**: Expected to close in Q1 2024, contributing ~$25M annual EBITDA.

Actual											0.4253	0.4907	0.3795	0.4711	0.1898	0.6085	0.2879	0.1898	0.24	0.69	0.85	1.08	1.1	1.52	1.63	1.69	1.51	1.54	1.53	1.73	1.41	2.03	2.09	2.13
Forecast											0.575	0.4658	0.5053	0.4601	0.3611	0.6318	0.6156	0.2588	0.2283	0.5925	0.8	0.6838	0.8144	0.9425	1.3431	1.116	1.2891	1.2446	1.213	1.52	1.197	1.6518	1.9114	1.6941
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-26.03%	+5.35%	-24.90%	+2.39%	-47.44%	-3.69%	-53.23%	-26.66%	+5.12%	+16.46%	+6.25%	+57.94%	+35.07%	+61.27%	+21.36%	+51.43%	+17.14%	+23.73%	+26.13%	+13.82%	+17.79%	+22.90%	+9.34%	+25.73%

POST

POST fundamentals

POST Q1 2026 Earnings

Earnings Call

You can ask Aime

POST

POST fundamentals

POST Q1 2026 Earnings

Earnings Call

POST Earnings Call Summary for Q1/20269:00 AM on Feb 6, 2026

POST Earnings Call Summary for Q4/20259:00 AM on Nov 21, 2025

POST Earnings Call Summary for Q3/20259:00 AM on Aug 8, 2025

POST Earnings Call Summary for Q2/20259:00 AM on May 9, 2025

POST Earnings Call Summary for Q1/20259:00 AM on Feb 7, 2025

You can ask Aime