Post Holdings’ private brand profits decline

The Private Brands division of St. Louis-based Post Holdings Inc. reported segment profit of $10.9 million for the fourth quarter — down from $13.7 million for the same period in the prior year, stated an article posted Nov. 21 on FoodBusinessNews.net. Segment sales declined 2.2 percent to $137.2 million, according to the article titled “Post in Pursuit of Its Next Acquisition.”

Sales of private brand peanut butter and other nut butters, as well as dried fruit and nuts, decreased 5.1 percent, while granola and cereal sales increased 9.1 percent during the quarter.

“With Private Brands, our granola business continues to perform well,” Post Holdings CEO Rob Vitale said. “Our capacity expansion is on track to come online in the back half of Fiscal Year 2017, and we expect this to drive margin leverage. We also just recently brought on new capacity in our nut butter business.”

To learn more about Post Holdings’ earnings report, read the article at http://tinyurl.com/z3w4drq.