Post Holdings Q1 EPS $2.13 Tops Estimates as Sales Jump 10.1%
Post Holdings reported adjusted Q1 earnings of $2.13 per share, surpassing the $1.66 estimate, and revenue rose 10.1% year-over-year to $2.1746 billion, including $224.6 million from acquisitions. Adjusted EBITDA climbed 13.1% to $418.2 million, while gross margin narrowed to 29.4% and SG&A rose to 16.4% of sales.
1. Q1 Financial Highlights
Post Holdings reported adjusted earnings of $2.13 per share, beating the estimate of $1.66, driven by a 10.1% sales increase to $2.1746 billion, which included $224.6 million from recent acquisitions. Gross profit rose 7.3% to $638.5 million, while gross margin narrowed to 29.4% from 30.1%.
2. Segment Performance
Post Consumer Brands sales were $1.1038 billion (up 14.5%), offset by a 6.1% volume decline ex-acquisition. Foodservice sales grew 8.5% to $669.1 million with a 30.5% adjusted EBITDA gain. Refrigerated Retail was flat at $266.6 million, and Weetabix sales rose 8.1% to $137.9 million, boosted by a 400 bps FX tailwind.
3. Balance Sheet and Guidance
The company ended Q1 with $279.3 million cash and $7.458 billion debt, repurchasing $554.3 million in shares year to date. It raised full-year adjusted EBITDA guidance to $1.55–$1.58 billion, with capital expenditures still pegged at $350–$390 million.