An increase in fourth-quarter sales did not stop US cereal group Post Holdings reported a fall in underlying annual profits as costs ate into its bottom line.
Post booked a 4% increase in net sales for the three months to the end of September to $247.2m after volumes grew 4.9%.
Go deeper with GlobalData
However, higher grain costs and lower production volumes over the year meant Post reported annual adjusted EBITDA of $214.6m, compared to $248.9m a year earlier.
Over the year, net sales dropped 1% to $958.9m as volumes fell.
On a reported basis, Post booked annual net earnings of $49.9m, compared to a loss of $424.3m a year ago. Impairment charges after former parent Ralcorp Holdings analysed Post before spinning it off earlier this year hit the branded cereal firm’s bottom line last year.
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
