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Earnings beat expectations while sales growth indicates strong demand. Similar past earnings beats led to positive stock price movements.
What happened, with direct paths to the underlying reporting
POST's Q4 adjusted earnings of $1.53 exceeded estimates of $1.19. Net sales grew 3.3% YoY to $2,010.1 million, beating $1,961 million estimate. Acquired Perfection Pet Foods contributed $67 million to sales in Q4. SG&A expenses rose 10.4%, impacting overall profitability. Management forecasts FY25 adjusted EBITDA between $1,410-$1,460 million.
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