Post Holdings, Inc. (POST) is engaged in the packaging of consumer goods operating in the categories of refrigerated, food service, food ingredient, and, convenient nutrition. The company’s brand is a leading ready-to-eat cereal category and also commercializes Peter Pan nut butter.
The price of POST stock during early trading on February 24, 2022, was last checked to be $104.9 with a decline of 3.70%.
POST: Events and Happenings
On February 23, 2022, POST reported its employee sold a total of 7400 shares of the company’s common stock valued at $21,573. On February 14, 2022, POST updated about setting a record date of February 25, 2022, for the expected spin-off of 80.1% of its interest in BellRing Brands to the company’s stockholders. The company expects to distribute up to 78 million shares of BellRing’s common stock on a pro-rata basis to the company’s stockholders. The company’s shareholders will receive 1.261585 shares of BellRing’s common stock for each POST share’s common stock.
On December 06, 2021, POST released its Environmental, Social, and, Governance 2021 report. The report stated its sustainability accomplishments, along with its commitments to greenhouse gas emissions, waste management, and sustainable packaging and sourcing. The report also featured the company’s pledges to diversity, equity, and inclusion along with community engagement, and worker’s safety.
POST: Key Financials
On February 4, 2022, POST released its first-quarter financial results for the quarter ended December 31, 2020. Some of the important highlights are mentioned below.
Net Sales
Net sales in Q1 2022 were $1.64 billion compared to $1.45 billion in the same quarter of 2021. The company observed an increase of $185 million in net sales over the year. The company topped the estimated revenue by $1.89 million.
EPS
Basic and diluted net loss in Q1 2022 was $20.8 million or $0.25 per share versus a net income of $81.2 million or $1.24(basic) and $1.21(diluted) per share in the same period in 2021. The company’s EPS decreased phenomenally over the year. Also, the company missed the analysts’ estimated EPS target by -$0.06.
Conclusion
POST stock is 6% up the past year as the company reduced the impacts of the pandemic. The current early trading stock decline is likely associated with the current SEC filing of the company. For the current quarter, the revenue guidance of the company is $1.67 billion versus EPS of $0.60.
