Post (NYSE:POST) Surprises With Q1 Sales
Packaged foods company Post (NYSE:POST)
reported Q1 FY2024 results beating Wall Street analysts’ expectations, with revenue up 25.5% year on year to $1.97 billion. It made a non-GAAP profit of $1.69 per share, improving from its profit of $1.08 per share in the same quarter last year.
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Post (POST) Q1 FY2024 Highlights:
- Revenue: $1.97 billion vs analyst estimates of $1.92 billion (2.4% beat)
- EPS (non-GAAP): $1.69 vs analyst estimates of $1.10 (53.4% beat)
- Free Cash Flow of $174.4 million, similar to the previous quarter
- Gross Margin (GAAP): 29.1%, up from 26.5% in the same quarter last year
- Sales Volumes were down 3.6% year on year
- Market Capitalization: $5.62 billion
Founded in 1895, Post (NYSE:POST) is a packaged food company known for its namesake breakfast cereal as well as protein bars, shakes, and other…
