Post's billion-dollar pet food business sees shoppers flock to value brands [Yahoo! Finance]
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Post Holdings, Inc. (POST)
Last post holdings, inc. earnings: 2/6 05:00 pm
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Source: Yahoo! Finance
Pet food prices have jumped 23% over the past three years, causing some pet owners to "trade down" to lower-cost kibble. That's a stark reversal from the recent trend of consumers shelling out for the top-shelf products to feed Fido. Post Consumer Brands was braced for this dynamic when it paid $1.2 billion to get into the pet food business a year ago, just as prices were peaking. The Lakeville-based company behind Honey Bunches of Oats and Malt-O-Meal bought pet brands that range from budget to high-end, so company leaders could shrug off the ongoing inflation. Pets need to eat something, after all. "We have a variety of price points throughout our portfolio of products, and we are well positioned to support pet owners as they strive to provide their pets with the best nutrition while staying within their budget," said Michael Greenwell, chief commercial officer for the pet business at Post Consumer Brands. Post Holdings, the parent company of Post Consumer Brands, struck a
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POST
Earnings
- 5/2/24 - Beat
POST
Sec Filings
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- 6/7/24 - Form 4
- POST's page on the SEC website