Post Holdings reported second-quarter revenue of $1.95 billion, missing analyst estimates of $2.02 billion and marking a 1.8% year-on-year decline, which sent shares down from $90.23 to $80.53. Adjusted EPS of $1.78 beat expectations of $1.71, but adjusted EBITDA of $357.6 million fell short of the $372.2 million consensus, and operating margin dropped to 9.7% from 11.8% a year earlier. Management attributed the shortfall to volume declines in core retail businesses and cost pressures in refrigerated retail and pet food, with CFO Matt Mainer noting higher interest rates are driving a shift toward debt reduction over share buybacks. The company maintained full-year EBITDA guidance of $1.57 billion at the midpoint, in line with analyst expectations.
Post Holdings IncRevenue miss and EBITDA shortfall, with operating margin decline, drove shares down.
