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.

The owner of brands including PowerBar nutrition bars and now Weetabix breakfast cereal booked a 2.1% increase in net sales to US$1.27bn for the quarter to the end of June.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

On a pro-forma basis, which accounted for Post Holdings’ acquisition of US egg supplier National Pasteurized Eggs last summer, the group’s third-quarter net sales were flat.

In May, the Grape-Nuts cereal owner reported a 1.2% fall in second-quarter net sales to $1.26bn. On a pro-forma basis, second-quarter net sales declined 3.3%.

The rise in Post Holdings’ third-quarter net sales came on the back of growth from its Michael Foods egg-to-potatoes arm and its Active Nutrition divisions. The company’s Post Consumer Brands and private-label units saw sales decline.

The growth meant Post Holdings could book a 0.3% rise in its nine-month net sales to $3.78bn.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Post Holdings’ third-quarter operating profit jumped 34.2% to $190.5m, boosted by lower SG&A expenses and exchange rates. Over the first nine months of the year, Post Holdings’ operating profit was $404.2m, down 7.6%, hit by a provision for a legal settlement.

The business regularly provides a figure for adjusted EBITDA, which rose 5.7% in the third quarter to $13.1m but fell 1.6% over the nine-month period to $702.7m.

Post Holdings made a third-quarter net loss of $62.9m, compared to break-even. A $160.4m loss from the early extinguishment of debt and a further $45.2m charge primarily related to non-cash mark-to-market adjustments on interest rate and cross-currency swaps weighed on Post Holdings’ bottom line.

Over the first nine months of Post Holdings’ financial year, the company run up net earnings of $23.9m, versus $12m last year.

The company completed its acquisition of Weetabix on 3 July.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now