st. Louis – A diverse portfolio ranging from ready-to-eat cereals to egg and potato products to pet food helped lift revenue and sales in Holdings in the first quarter of fiscal year 2025.
Post Office net income for the first quarter ended December 31, 2024 totaled $113.3 million, equivalent to $1.94 per share of common stock, which was $88.1 million over the same period a year ago. , or increased 29% from $1.46 per share. This year’s results included a $15.4 million increase in swap compared to the $21.1 million expense for a swap a year ago.
Meanwhile, adjusted revenue from continuing operations totaled $111.9 million, compared to $113.7 million at the same time a year ago.
Quarterly net sales increased to $1.974 billion, up 0.4% from $1.965 billion.
With strong first quarter performance, Post has raised its full-year adjusted EBITDA for 2025 from $1.42 billion to $1.46 billion, and from $1.41 billion to $1.41 billion.
Segment profits for post-consumer brand businesses fell 1.3% from $132.7 million, before $132.7 million. Net sales fell 2.5% from $988.6 million to $963.9 million.
Executive Vice President and Chief Operating Officer Jeff A. Zadoks said both pet food and groceries have a strong quarter within the post-consumer brand unit.
“In the case of groceries, we benefited from improved utilization due to plant closures and cargo efficiency that was completed last September,” he said. “For pets, we benefited from improved costs and plant performance. From a volume perspective, the grain category fell by 3.2%, slightly more than planned assumptions.”
Post’s FoodService unit saw segment profits increase, up 14% from $75.7 million to $86.1 million. Net sales were also high in the segment, up from $567.1 million the previous year to $616.6 million.
Zadoks said the foodservice results are driven by continuous volume growth, ongoing avian flu pricing since the May 2024 outbreak, and improved supply chain performance. Ta.
“The restaurant’s road traffic remained soft, but we saw a stabilization year over year,” he said. “Nevertheless, we continue to increase the volume of both egg and potato products, with higher value-added eggs leading by a plus 5%. Two of the third-party contracted farms have 12 The quarter ended with a challenging note as the avian flu hit the moon. This had no significant impact in the first quarter, but combined with a large outbreak of avian flu across the industry. If this happens, supply imbalances, especially during the fiscal quarter, create source and cost challenges.”
He said the impact of pricing on the Post’s second quarter would be headwinds in the $40-$50 million range when compared to the company’s first quarter results.
Segment profit for the Weetabix business was $15.9 million, down 24% from $21 million. Sales were also low, down from $129.1 million to $127.6 million.
In the refrigerated retail segment, profits fell 32% from $35.6 million to $24.2 million, while sales fell 5.1% to $266.6 million.
The Post said it expects capital expenditures for fiscal year 2025 to be in the range of $380 million to $420 million. The outlook also includes foodservice investments of $80-$90 million related to the completion of Norwalk, completion of Iowa, expansion of the Liccabo Egg Facility and continued expansion of the cageless egg facility.
