One Digit Post Holdings 2025 Q1 Potato Products Volumes Growth

For the first quarter, net sales were USD616.6m, an increase of 8.7%, or USD49.5m, compared to the prior year period. Volumes increased 2.8%, primarily driven by distribution gains in both eggs and potatoes and the inclusion of ready-to-drink shakes in the current year period.

“Segment profit was USD86.1m, an increase of 13.7%, or USD10.4m, compared to the prior year period. Segment Adjusted EBITDA was USD116.8m, an increase of 10.4%, or USD11.0m, compared to the prior year period,” a recent company announcement reveals.

First Quarter Consolidated Operating Results

Net sales were USD1,974.7m, an increase of 0.4%, or USD8.8m, compared to USD1,965.9m in the prior year period and included USD60.8m and USD21.8m in net sales from acquisitions in the current and previous year periods, respectively.

“Excluding the benefit from acquisitions in the current and prior year periods, net sales growth in Foodservice (driven by volume growth and incremental highly pathogenic avian influenza pricing) was offset by declines in Post Consumer Brands (driven by volume declines in pet food), Refrigerated Retail (driven by lower side dish volumes and distribution losses in lower margin cheese and egg products) and Weetabix (driven by declines in non-biscuit branded and private label products). Gross profit was USD595.3m, or 30.1% of net sales, an increase of 4.0%, or USD22.7m, compared to USD572.6m, or 29.1% of net sales, in the prior year period,” the company’s experts mentioned.

Selling, general, and administrative (SG&A) expenses were USD331.6m, or 16.8% of net sales, an increase of 2.7%, or USD8.7m, compared to USD322.9m, or 16.4% of net sales, in the prior year period. SG&A expenses in the first quarters of fiscal year 2025 and 2024 included USD15.6m and USD6.5m, respectively, in integration costs, which were primarily related to pet food acquisitions and were treated as adjustments for non-GAAP measures. Operating profit was USD214.1m, an increase of 2.3%, or USD4.8m, compared to USD209.3m in the prior year period.

Net earnings were USD113.3m, an increase of 28.6%, or USD25.2m, compared to USD88.1m in the prior year period.

In late December 2024, Post Holdings, Inc. announced that it had reached an agreement to purchase Potato Products of Idaho, L.L.C. (PPI). The transaction’s financial information remained confidential at the time.

Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice, and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods, and Bob Evans Farms. Post Consumer Brands is a leader in the North American ready-to-eat cereal and pet food categories and also markets Peter Pan peanut butter. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. Post participates in the private brand food category through its ownership interest in 8th Avenue Food & Provisions, Inc.