Stock Earning News: Post Holdings (NYSE:POST)

On Friday Post Holdings (NYSE:POST) stock recorded daily change of -1.73% to close at $99.91 with the total traded volume of 2256203 shares along average volume of 459201 shares 52 week range of the stock remained $ 83.88 – 113.73 while its day low price was $98.06 and its hit its day high price at $112. Its previous closing value stands at $101.67. POST total market capitalization is $7300098260. Currently stocks EPS is $2.19 while its price to earnings ratio is 45.54.

On Nov. 22, 2019, Post Holdings (NYSE:POST) a consumer packaged goods holding company,  reported results for the fourth quarter and fiscal year ended September 30, 2019.

Highlights:

  • Fourth quarter net sales of $1.4 billion; operating profit of $102.6 million; net loss of $61.1 million and Adjusted EBITDA of $303.6 million
  • Fiscal year net sales of $5.7 billion; operating profit of $781.0 million; net earnings of $124.7 million and Adjusted EBITDA of $1,210.4 million
  • Completed the initial public offering of a minority interest in BellRing Brands (Post’s historical Active Nutrition business) on October 21, 2019
  • Fiscal year 2020 Adjusted EBITDA (non-GAAP) expected to range between $1.22-$1.27 billion including the results of BellRing Brands

Basis of Presentation

Financial results reflect the separate capitalization of 8th Avenue Food & Provisions (8th Avenue), the holding company for Post’s historical Private Brands business, with Post’s retained interest in 8th Avenue’s common equity accounted for using equity method accounting, effective October 1, 2018. Additionally, financial results include results from Bob Evans Farms (Bob Evans) as of its acquisition date of January 12, 2018.

Fourth Quarter Consolidated Operating Results

Net sales were $1,442.8 million, a decrease of 11.5%, or $187.1 million, compared to the prior year period. Pro forma net sales (as defined later in this release under Pro Forma Information) increased 2.4%, or $33.7 million, when compared to the same period in fiscal year 2018. Gross profit was $452.2 million, or 31.3% of net sales, a decrease of $22.7 million compared to the prior year period gross profit of $474.9 million, or 29.1% of net sales.

Selling, general and administrative (SG&A) expenses were $245.5 million, or 17.0% of net sales, an increase of $5.6 million compared to the prior year period SG&A expenses of $239.9 million, or 14.7% of net sales.

Operating profit was $102.6 million, an increase of 52.0%, or $35.1 million, compared to the prior year period operating profit of $67.5 million, which included segment profit of $17.0 million attributable to Post’s historical Private Brands business. Operating profit included non-cash goodwill and other intangible asset impairments of $63.3 million and $124.9 million in the fourth quarter of 2019 and 2018, respectively.

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