From Barchart:

Post (NYSE:POST) reported Q1 FY2024 results, with revenue up 25.5% year on year to $1.97 billion, beating analyst estimates. With non-GAAP profit of $1.69 per share compared to $1.08 per share in the same quarter last year, this packaged foods company outperformed expectations.

Post stands as a resilient investment in the packaged foods sector, driven by a 9% annualized revenue growth rate over the last three years, and a current year-on-year growth of 25.5%. Despite slowing growth expectations, Post’s leading position in the packaged foods market makes it an attractive consideration. Plus, with a $400 million share repurchase authorization and a raised full-year EBITDA guidance to $1,315 million at the midpoint, Post’s stock is up 4.8% trading at $98.33 per share.

Reflect on if it’s the right time to invest in Post with this Q1 performance in mind. For a free research report on Post’s valuation, business qualities, and the latest quarterly results, click to access it.



Read more: Post (NYSE:POST) Surprises With Q1 Sales