Packaged foods company Post (NYSE:POST) missed analysts’ expectations in Q1 CY2024, with revenue up 23.4% year on year to $2.00 billion. It made a non-GAAP profit of $1.51 per share, improving from its profit of $1.10 per share in the same quarter last year.
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Post (POST) Q1 CY2024 Highlights:
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Revenue: $2.00 billion vs analyst estimates of $2.03 billion (1.5% miss)
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EPS (non-GAAP): $1.51 vs analyst estimates of $1.29 (17.2% beat)
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Gross Margin (GAAP): 29%, up from 25.5% in the same quarter last year
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Sales Volumes were down 5.1% year on year
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Market Capitalization: $6.36 billion
Founded in 1895, Post (NYSE:POST) is a packaged food company known for its namesake breakfast cereal and healthier-for-you snacks.
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