US breakfast cereal group Post Holdings has estimated its sales increased 7% in its most recent financial year.
The Honey Bunches of Oats and Grape-Nuts maker yesterday (13 November) issued preliminary estimates for net sales and adjusted EBITDA for the year to the end of September.
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Post said preliminary and unaudited data showed net sales reached a range of US$1.03bn to $1.04bn. Hitting the lower estimate would mean Post’s net sales increased 7.4% over the year.
The company estimated its adjusted EBITDA would reach $215-220m. A year ago, Post’s adjusted EBITDA was $214.6m.
Post added the initital data includes one month of sales from its acquisition of protein food and drink firm Premier Nutrition Corp.
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