US cereal maker Post Holdings has cut its full-year earnings guidance and forecast revenues below analyst expectations for the third quarter.
Post said today (11 July) it now expects adjusted EBITDA for the year of between US$214m and $220m. That is down from its previous forecast of $216m to $225m.
Go deeper with GlobalData
Third-quarter sales are expected to come in at between $252m and $258m. This compares to estimates of $257m from analysts polled by Thomson Reuters. Post expects EBTIDA of between $54m and $56m.
In May, Post bought branded and private-label cereal, granola and snacks assets owned by Hearthside Food Solutions. In December, it snapped up organic firm Attune Foods.
See Also:
