Post Holdings announced more price increases. Will it work?
www.slottingfee.com
Management at Post Holdings announced earnings last week, and things aren’t looking good for the St. Louis based consumer goods holding company. Net sales increased by 12.7%, but gross profit declined by 6.9% compared to the previous year. They’re bringing in more money, but making less profit. The primary cause? Transportation and commodity inflation. “The business has underperformed.” CEO Robert Vitale told investors.
Post Holdings announced more price increases. Will it work?
Post Holdings announced more price increases…
Post Holdings announced more price increases. Will it work?
Management at Post Holdings announced earnings last week, and things aren’t looking good for the St. Louis based consumer goods holding company. Net sales increased by 12.7%, but gross profit declined by 6.9% compared to the previous year. They’re bringing in more money, but making less profit. The primary cause? Transportation and commodity inflation. “The business has underperformed.” CEO Robert Vitale told investors.