Post Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2018
January 01, 2019 at 03:30 am IST
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Post Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2018. For the quarter, the company announced net sales of $1,411.3 million compared to $1,433.1 million a year ago. Operating profit was $293.9 million compared to $161.0 million a year ago. Net earnings was $125.6 million compared to $294.9 million a year ago. Basic earnings per share was $1.85 compared to $4.42 a year ago. Diluted earnings per share was $1.67 compared to $3.82 a year ago.
Post Holdings, Inc. is a consumer-packaged goods holding company. The Company operates through four segments: Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail. Post Consumer Brands segment includes North American ready-to-eat (RTE) cereal and Peter Pan nut butter. Weetabix segment includes primarily the United Kingdom (the U.K.) RTE cereal, muesli and protein-based ready-to-drink shakes. The Foodservice segment sells primarily egg and potato products. The Refrigerated Retail segment primarily sells side dishes, egg, cheese and sausage products. The Company also operates a pet food business, which includes the brands, such as Rachael Ray, Nutrish, Natureâs Recipe, 9Lives, Kibbles ân Bits and Gravy Train. This business also includes private-label pet food assets and manufacturing and distribution facilities. The Company also includes two manufacturing and warehousing facilities in Visalia, California.