Post Holdings' (POST) Q1 Earnings & Revenues Lag Estimates
Zacks Investment Research | Feb 06, 2020 09:33PM ET
Post Holdings, Inc. (NYSE:POST) reported first-quarter fiscal 2020 results, wherein both top and bottom lines missed the Zacks Consensus Estimate. Also, the bottom line declined year over year, while sales grew.
Adjusted earnings came in at 76 cents per share, missing the Zacks Consensus Estimate of $1.14 in the first quarter. Also, the figure decreased 31.5% from the year-ago quarter.
The company registered sales of $1,456.8 million, reflecting a rise of 3.2% from $1,411.3 million in the prior-year quarter. However, the figure lagged the consensus mark of 1,463 million.
Further, gross profit of $471.5 million grew 10.6% from $426.5 million in the year-ago quarter. Meanwhile, gross margin expanded 220 basis points (bps) to 32.4% in the quarter under review.
Moreover, the company witnessed SG&A expenses of $235.3 million, up 8.4% from $217.1 in the year-ago quarter. SG&A expenses, as a percentage of sales, expanded 80 bps to 16.2% in the reported quarter.
Post Holdings generated operating profit of $196 million in the reported quarter. This depicts a decline of 33.3% from $293.9 million in the year-ago quarter.
Adjusted EBITDA grew 3.6% to $303.1 million from $292.5 million in the prior-year quarter.
Post Holdings, Inc. Price, Consensus and EPS Surprise
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