Post Holdings (NYSE: POST) reported Q1 EPS of $1.73, $0.18 better than the analyst estimate of $1.55. Revenue for the quarter came in at $2 billion versus the consensus estimate of $2.01 billion.

Outlook

Post management raised its guidance range for fiscal year 2025 Adjusted EBITDA to $1,420-$1,460 million from $1,410-$1,460 million. This guidance includes several key assumptions for Post's Foodservice segment related to avian influenza:

Post estimates the cost before pricing impact on the second fiscal quarter to be a headwind in the range of $30-$50 million when compared to first fiscal quarter results. Given the volatility in egg market prices, the actual result could vary significantly from this range.
Post expects to recover any second fiscal quarter cost before pricing impact in the balance of the fiscal year.
Post management's guidance range assumes recovery of lost egg supply over the remainder of the fiscal year and there are no additional avian influenza outbreaks within Post's controlled farms.

Post management expects fiscal year 2025 capital expenditures to range between $380-$420 million, which includes Post Consumer Brands investment in network optimization and pet food safety and capacity, for aggregate expenditures of $90-$100 million. This also includes Foodservice investment in the completion of the Norwalk, Iowa precooked egg facility expansion and continued cage-free egg facility expansion, for aggregate expenditures of $80-$90 million.

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