Post Holdings Inc is a consumer packaged goods holding company that specializes in the manufacturing, marketing, and distribution of a wide range of food products
The company operates through various segments, including the production of ready-to-eat cereal, refrigerated and frozen breakfast foods, and nutritional products. Post Holdings is known for its popular brands, which cater to diverse consumer preferences and dietary needs. The company's portfolio also includes snacks and other food items, aimed at enhancing everyday meals and providing convenient options for consumers. Through strategic acquisitions and innovation, Post Holdings works to expand its market presence and meet the evolving demands of the food industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Hain Celestial (NASDAQHAIN) and its peers.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how shelf-stable food stocks fared in Q3, starting with Post (NYSEPOST).
Looking back on shelf-stable food stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including B&G Foods (NYSEBGS) and its peers.
Packaged foods company Post (NYSEPOST) announced better-than-expected revenue in Q3 CY2024, with sales up 3.3% year on year to $2.01 billion. Its non-GAAP profit of $1.53 per share was 25.2% above analysts’ consensus estimates.
Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell‘s speech in Dallas at 3 p.m. ET.
The retail sector has been struggling amid inflationary pressure. Consumers cut down on discretionary goods and mainly spent on necessities such as grocery items throughout 2023.
Many investors closely monitor insider buys, as they can provide a high level of confidence. After all, if an insider didn’t believe in the company’s future pathway, why would they buy?
