Michael Foods

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Post Holdings invests $85m in new egg and meat plant for its Michael Foods unit

19 Feb 2018

Post Holdings is investing US$85m to build an eggs and pre-cooked meat facility for its Michael Foods unit in Norwalk, Iowa.

Earnings summary - Post Holdings revises EBITDA guidance; Hershey estimates Amplify boost - but Q4 profits miss; Unilever's foods, refreshments beat total sales growth; Saputo pressure on Q3 underlying profits

2 Feb 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Post Holdings ponders future of private-label arm

11 Jan 2018

Post Holdings, the US-based branded and own-label food manufacturer, is weighing up what to do with its private-label business.

Why did Post Holdings buy Bob Evans Farms?

25 Sep 2017

In the largest M&A deal in the US packaged food sector in 2017, on Tuesday (19 September) Post Holdings announced the acquisition of bacon, breakfast sausage and mac and cheese maker Bob Evans Farms. The transaction is the latest move by the deal-hungry Post, with the company, which some see as having a patchy record with its purchases, looking to inject some growth into its business, this time by targeting a business operating in more buoyant categories on the perimeter of US stores. Andy Coyne reports.

Post Holdings to acquire Bob Evans Farms for US$1.5bn

19 Sep 2017

US-based breakfast cereal, sports nutrition and eggs supplier Post Holdings is to buy local chilled and frozen food maker Bob Evans Farms in a deal worth US$1.5bn.

Post Holdings sales pick up in Q3

4 Aug 2017

Post Holdings has booked higher third-quarter sales, pushing its top line higher over the first nine months of its financial year, in a set of broadly positive quarterly results for the US food group.

Post Holdings keeps FY forecasts despite Q2 earnings miss

9 May 2017

Post Holdings, the US cereal-to-eggs supplier, has maintained its forecast for underlying earnings despite a fall in its second quarter.

Post Holdings settles egg lawsuit claims

9 Dec 2016

US food group Post Holdings has reached an agreement to settle anti-trust class action claims against its Michael Foods unit.

Post Holdings FY losses narrow, Q4 sales slide

17 Nov 2016

Post Holdings, the US food group, today (17 November) booked lower annual losses on the back of higher sales but the company saw its top line decline in the fourth quarter.

Post Holdings buys US egg supplier National Pasteurized Eggs

1 Sep 2016

Post Holdings, the owner of US egg business Michael Foods, has moved to add to the business by acquiring domestic peer National Pasteurized Eggs.

Post Holdings' Q3 sales hit by fall in egg revenue

5 Aug 2016

Post Holdings, the US breakfast cereal, eggs and protein shakes group, has recorded a 4% fall in underlying third-quarter net sales amid what it called "an anticipated decline" from the company's Michael Foods Group division.

Food industry quotes of the week - Boulder Brands sale, Unilever on carbon

27 Nov 2015

Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.

Post Holdings egg arm "better competitive" after AI outbreak

25 Nov 2015

Post Holdings has insisted its US egg business is in a strong position following the bird flu outbreak and suggested it is eyeing possible acquisitions in the sector.

Post Holdings sees FY losses narrow 

24 Nov 2015

Post Holdings reported a lower net loss for the year, lifted by higher operating earnings and the lapping of one-time costs. 

Post "sues" bird flu hit Center Fresh over "contract breach"

26 Jun 2015

Michael Foods, the egg processing business owned by Post Holdings, has reportedly filed a lawsuit against Hawkeye Pride Egg Farms, a division of Center Fresh Group, alleging that it breached a supply contract after avian influenza hit the firm and prevented it from meeting its egg supply obligations.

Post sees 35% of egg supply hit as AI continues to spread

28 May 2015

Post Holdings has warned that 35% of its egg supply has now been disrupted by the outbreak of avian influenza that is sweeping the mid-western US.

Post says bird flu outbreak "force majeure"

15 May 2015

A further eruption of avian influenza at a farm supplying Post Holdings with eggs has prompted the company to declare the outbreak sweeping the US a "force majeure", with bird flu now hitting 25% of its Michael Foods egg supply.

Post sees 20% egg supply hit by avian flu

13 May 2015

Post Holdings, the owner of the Michael Foods egg business, has warned two further outbreaks of avian influenza mean 20% of its egg supply is affected by the disease.

Post raises outlook, warns on bird flu

8 May 2015

Post Holdings raised its full-year outlook to reflect a “better than expected” year-to-date performance but also warned on the uncertain impact of avian influenza.

Food industry news of the week: Mondelez, GMO labelling, Fonterra

1 May 2015

Mondelez International reported on its first-quarter results this week (1 May) and the group was eager to emphasise its performance in China, which was stronger than many multinational peers. Nestle is a company facing its own challenges in China and we analysed how the appointment of CFO Wan Ling Martello to head up its Asia unit can boost the group's outlook in the market. Elsewhere, we spoke to Gardein founder and CEO Yves Potvin as well as learning about Muller Wiseman's plans to launch a liquid milk brand in the UK. Here are the highlights from just-food this week.

Post warns on bird flu at egg supplier

29 Apr 2015

Post Holdings revealed yesterday (29 April) that avian influenza has been detected at an unnamed third party supplier of eggs to its Michael Foods Group business.

On the money: Transformed Post Holdings confident about prospects

26 Nov 2014

Post Holdings has undergone significant change in the last two years through a spate of M&A. While there are questions about the outlook for some of the newly-acquired assets - and for its core cereal business - the US group this week expressed confidence about its outlook.

US: Acquisitions boost Post sales but financing hits earnings

9 May 2014

Post Foods has booked a jump in first-half sales, which were boosted by acquisitions. However, margin pressure and higher financing costs dented profits in the period.

On the money: Spotlight on M&A ambitions as Tyson rides protein wave

6 May 2014

Tyson Foods has seen sales and earnings growth lifted by consumer demand for proteins. The company has emphasised its strategy to grow organically, with a particular focus on prepared foods. However, Tyson also hopes to raise its growth trajectory through M&A - and here the group is coming up against some stiff competition. Katy Askew reports.

US: Tyson, Post "in running" for Michael Foods

14 Apr 2014

Tyson Foods and Post Foods have reportedly been short listed as possible buyers in the sale process for US protein group Michael Foods.

US: Michael Foods Q3 earnings, sales up

12 Nov 2013

US food group Michael Foods saw its earnings and sales climb in the third quarter.

US: Michael Foods H1 earnings soar

9 Aug 2013

US Michael Foods saw its earnings soar in the first six months of the year boosted by reduced costs and growth in its eggs and potato divisions.

US: Michael Foods H1 profit up on financing costs, margins

14 Aug 2012

Michael Foods has booked an increase in first-half net profit as lower financing costs, improved margins and higher sales boosted the bottom line.

US: Lower financing costs boost Michael Foods

15 May 2012

Michael Foods has booked a jump in first-quarter net earnings due to lower financing costs.

US: Michael Foods books profit for 2011

26 Mar 2012

US dairy and egg products firm Michael Foods has booked a jump in sales and earnings for 2011.

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