Post Holdings 披露2026财年二季报并维持全年调整后 EBITDA 指引

ST. LOUIS , May 7, 2026 /PRNewswire/ — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the second fiscal quarter ended March 31, 2026.

Highlights:

Second quarter net sales of $2.0 billion

Operating profit of $211.9 million; net earnings of $81.9 million and Adjusted EBITDA (non-GAAP)* of $395.0 million

Affirmed fiscal year 2026 Adjusted EBITDA (non-GAAP)* outlook of $1,550-$1,580 million

*For additional information regarding non-GAAP measures, such as Adjusted EBITDA, Adjusted net earnings, Adjusted diluted earnings per common share and segment Adjusted EBITDA, see the related explanations presented under “Use of Non-GAAP Measures” later in this release. Post provides Adjusted EBITDA guidance only on a non-GAAP basis and does not provide a reconciliation of its forward-looking Adjusted EBITDA non-GAAP guidance measure to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation, including the adjustments described under “Outlook” below.

Basis of Presentation

On July 1, 2025, Post completed its acquisition of 8th Avenue Food & Provisions, Inc. (“8th Avenue”), the results of which are included in the Post Consumer Brands segment. On December 1, 2025, Post completed its sale of the pasta business of 8th Avenue; its operating results prior to the sale were reported in the Post Consumer Brands segment.

On March 3, 2025, Post completed its acquisition of Potato Products of Idaho, L.L.C. (“PPI”), the results of which are included in the Refrigerated Retail and Foodservice segments.

Second Quarter Consolidated Operating Results

Net sales were $2,042.9 million, an increase of 4.7%, or $90.8 million, compared to $1,952.1 million in the prior year period and included $152.3 million in net sales from acquisitions in the current year period. Excluding the benefit from acquisitions in the current year period, net sales declines in Post Consumer Brands (driven by pet food distribution losses and the lapping of customer inventory shifts) were partially offset by growth in Foodservice (primarily driven by volume growth in eggs and protein-based shakes), Refrigerated Retail (driven by new product introductions and the shifting of Easter demand into the quarter) and Weetabix (driven by favorable foreign currency exchange rates). Gross profit was $617.6 million, or 30.2% of net sales, an increase of 13.2%, or $71.8 million, compared to $545.8 million, or 28.0% of net sales, in the prior year period.

Selling, general and administrative (“SG&A”) expenses were $326.2 million, or 16.0% of net sales, an increase of 3.6%, or $11.4 million, compared to $314.8 million, or 16.1% of net sales, in the prior year period. Operating profit was $211.9 million, an increase of 16.3%, or $29.7 million, compared to $182.2 million in the prior year period. Operating profit in the second quarter of fiscal year 2026 included a loss on amounts held for sale of $28.3 million related to Crystal Farms Dairy Company, which was treated as an adjustment for non-GAAP measures.

Net earnings were $81.9 million, an increase of 30.8%, or $19.3 million, compared to $62.6 million in the prior year period.

Diluted earnings per common share were $1.56, compared to $1.03 in the prior year period. Adjusted net earnings (non-GAAP) * were $104.7 million, compared to $88.7 million in the prior year period. Adjusted diluted earnings per common share (non-GAAP)* were $1.94, compared to $1.41 in the prior year period.

Adjusted EBITDA was $395.0 million, an increase of 14.0%, or $48.5 million, compared to $346.5 million in the prior year period.

Six Month Consolidated Operating Results

Net sales were $4,217.5 million, an increase of $290.7 million, compared to $3,926.8 million in the prior year period. Gross profit was $1,256.1 million, or 29.8% of net sales, an increase of 10.1%, or $115.0 million, compared to $1,141.1 million, or 29.1% of net sales, in the prior year period.

SG&A expenses were $683.5 million, or 16.2% of net sales, an increase of 5.7%, or $37.1 million, compared to $646.4 million, or 16.5% of net sales, in the prior year period. Operating profit was $450.3 million, an increase of 13.6%, or $54.0 million, compared to $396.3 million in the prior year period.

Net earnings were $178.7 million, an increase of 1.6%, or $2.8 million, compared to $175.9 million in the prior year period. Net earnings included the following:

Six Months Ended March 31,

( in millions )

2026

2025

Loss on extinguishment of debt, net (1)

$            17.5

$             5.8

Income on swaps, net (1)

(3.6)

(9.9)

(1) Discussed later in this release and were treated as adjustments for non-GAAP measures.

Diluted earnings per common share were $3.28, compared to $2.83 in the prior year period. Adjusted net earnings were $228.5 million, compared to $200.7 million in the prior year period. Adjusted diluted earnings per common share were $4.07, compared to $3.13 in the prior year period.

Adjusted EBITDA was $813.2 million, an increase of 13.5%, or $96.8 million, compared to $716.4 million in the prior year period.

Post Consumer Brands

Primarily North American ready-to-eat (“RTE”) cereal and granola, pet food and nut butters.

For the second quarter, net sales were $1,044.9 million, an increase of 5.8%, or $57.0 million, compared to the prior year period. Net sales included $145.0 million in the second quarter attributable to 8th Avenue. Excluding the benefit of 8th Avenue in the current year period, volumes decreased 10.0% as pet food volumes declined 14.1% and cereal and granola volumes declined 3.5%. Pet food volume losses were primarily driven by distribution losses and the lapping of customer inventory shifts in the prior year. Cereal and granola volume losses were primarily driven by category declines. Segment profit was $134.1 million, a decrease of 3.9%, or $5.5 million, compared to the prior year period. Segment Adjusted EBITDA (non-GAAP) * was $200.2 million, a decrease of 1.8%, or $3.6 million, compared to the prior year period.

For the six months ended March 31, 2026, net sales were $2,148.7 million, an increase of 10.1%, or $196.9 million, compared to the prior year period. Segment profit was $266.3 million, a decrease of 1.6%, or $4.3 million, compared to the prior year period. Segment Adjusted EBITDA was $403.5 million, a decrease of 1.2%, or $5.1 million, compared to the prior year period.

Foodservice

Primarily egg and potato products.

For the second quarter, net sales were $627.4 million, an increase of 3.2%, or $19.5 million, compared to the prior year period. Net sales included $6.5 million in the second quarter attributable to PPI. Excluding the benefit of PPI in the current year period, volumes increased 6.7%, driven by improved customer service levels and improved production in protein-based shakes. Segment profit was $109.8 million, an increase of 78.5%, or $48.3 million, compared to the prior year period. Segment Adjusted EBITDA was $142.0 million, an increase of 47.9%, or $46.0 million, compared to the prior year period.

For the six months ended March 31, 2026, net sales were $1,296.5 million, an increase of 5.9%, or $72.0 million, compared to the prior year period. Segment profit was $227.3 million, an increase of 54.0%, or $79.7 million, compared to the prior year period. Segment Adjusted EBITDA was $294.4 million, an increase of 38.3%, or $81.6 million, compared to the prior year period.

Refrigerated Retail

Primarily side dish, egg, cheese and sausage products.

For the second quarter, net sales were $235.3 million, an increase of 4.8%, or $10.7 million, compared to the prior year period. Volumes increased 5.6%, primarily due to an increase in side dish products driven by the introduction of private label offerings and the shifting of Easter demand into the quarter. Volume information by product is disclosed in a