Post Holdings Inc. (NYSE: POST) plans to close two cereal manufacturing plants in Ontario and Nevada by late 2025. The move comes as the company aims to cut costs amid weakening demand for ready-to-eat cereals. Production will shift to other sites, helping Post streamline operations and reduce excess capacity in its network.
Post has been treading water for the past six months, recording a small return of 2.7% while holding steady at $117.55. However, the stock is beating the S&P 500’s 7% decline during that period.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Kraft Heinz (NASDAQ:KHC) and the best and worst performers in the shelf-stable food industry.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Lancaster Colony (NASDAQ:LANC) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Post (NYSE:POST) and its peers.
Packaged foods company Post (NYSE:POST) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $1.97 billion. Its non-GAAP profit of $1.73 per share was 14.4% above analysts’ consensus estimates.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
Post has been treading water for the past six months, recording a small loss of 3% while holding steady at $106.73. The stock also fell short of the S&P 500’s 7.7% gain during that period.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Hain Celestial (NASDAQ:HAIN) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how shelf-stable food stocks fared in Q3, starting with Post (NYSE:POST).
Looking back on shelf-stable food stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including B&G Foods (NYSE:BGS) and its peers.
Packaged foods company Post (NYSE:POST) announced better-than-expected revenue in Q3 CY2024, with sales up 3.3% year on year to $2.01 billion. Its non-GAAP profit of $1.53 per share was 25.2% above analysts’ consensus estimates.
Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell‘s speech in Dallas at 3 p.m. ET.
