Why did Takaichi call a snap election so early? Takaichi has called a snap election just three months into the job, taking a high-risk move. It is all about securing a public mandate for her policy. She inherited a troubled party and a minority government in October after Ishiba Shigeru, who lost both parliamentary elections, ...
The global economic upturn failed to fully regain earlier momentum in January, having slowed in December, due largely to a cooling in demand growth for financial services around the turn of the year, according to global PMI data. More positively, improved manufacturing growth has slipped over to drive a faster upturn among industrial service providers. ...
While industrial policy has always played a role in China’s economic reform, it “took a qualitative turn” only around 2014. The release of the “Made in China 2025” initiative in May 2015 marked a defining, comprehensive shift and the beginning of a new era of Chinese industrial policy. The following decade witnessed nationwide deployment of ...
Given the higher electricity demands from AI, tech companies should power both stocks.
MONTRÉAL, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (we, Saputo or the Company) reported today its financial results for the third quarter of fiscal 2026, which ended on December 31, 2025. All amounts in this news release are in millions of Canadian dollars (CDN), except per share amounts, unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS).
ST. LOUIS, Feb. 5, 2026 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the first fiscal quarter ended December 31, 2025. Highlights:First quarter net sales of $2.2 billion Operating profit of $238.4 million; net earnings of $96.8 million and Adjusted EBITDA (non-GAAP)* of $418.2 millionRaised fiscal year 2026 Adjusted EBITDA (non-GAAP)* outlook to $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 PresentationOn 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.First Quarter Consolidated Operating ResultsNet sales were $2,174.6 million, an increase of 10.1%, or $199.9 million, compared to $1,974.7 million in the prior year period and included $224.6 million in net sales from acquisitions in the current year period. Excluding the benefit from acquisitions in the current year period, net sales growth in Foodservice (primarily driven by volume growth in eggs and protein-based shakes) and Weetabix (primarily driven by favorable foreign currency exchange rates and volume growth) was offset by declines in Post Consumer Brands (driven by pet food distribution losses, cereal category declines and lower relative and absolute promotional spend in cereal). Refrigerated Retail sales were flat as increased pricing was offset by declines in volumes. Gross profit was $638.5 million, or 29.4% of net sales, an increase of 7.3%, or $43.2 million, compared to $595.3 million, or 30.1% of net sales, in the prior year period.Selling, general and administrative ("SG&A") expenses were $357.3 million, or 16.4% of net sales, an increase of 7.8%, or $25.7 million, compared to $331.6 million, or 16.8% of net sales, in the prior year period. SG&A expenses in the first quarter of fiscal years 2026 and 2025 included $4.3 million and $15.6 million, respectively, of integration costs, which were primarily related to acquisitions and were treated as adjustments for non-GAAP measures. Operating profit was $238.4 million, an increase of 11.3%, or $24.3 million, compared to $214.1 million in the prior year period.Net earnings were $96.8 million, a decrease of 14.6%, or $16.5 million, compared to $113.3 million in the prior year period. Net earnings included the following:Three Months Ended December 31,(in millions)20252024Loss on extinguishment of debt, net (1)$ 17.5$ 5.8Income on swaps, net (1)(1.9)(15.4)(1) Discussed later in this release and were treated as adjustments for non-GAAP measures. Diluted earnings per common share were $1.71, compared to $1.78 in the prior year period. Adjusted net earnings (non-GAAP)* were $123.7 million, compared to $111.9 million in the prior year period. Adjusted diluted earnings per common share (non-GAAP)* were $2.13, compared to $1.73 in the prior year period.Adjusted EBITDA was $418.2 million, an increase of 13.1%, or $48.3 million, compared to $369.9 million in the prior year period.Post Consumer BrandsPrimarily North American ready-to-eat ("RTE") cereal and granola, pet food and nut butters. For the first quarter, net sales were $1,103.8 million, an increase of 14.5%, or $139.9 million, compared to the prior year period. Net sales included $217.2 million in the first quarter attributable to 8th Avenue. Excluding the benefit of 8th Avenue in the current year period, volumes decreased 6.1%. Pet food volumes decreased 6.2%, primarily driven by distribution losses and reductions in co-manufactured and private label products. Cereal and granola volumes decreased 5.1%, primarily driven by category declines and lower relative and absolute promotional spend. Segment profit was $132.2 million, an increase of 0.9%, or $1.2 million, compared to the prior year period. Segment Adjusted EBITDA (non-GAAP)* was $203.3 million, a decrease of 0.7%, or $1.5 million, compared to the prior year period.FoodservicePrimarily egg and potato products. For the first quarter, net sales were $669.1 million, an increase of 8.5%, or $52.5 million, compared to the prior year period. Net sales included $6.6 million in the first quarter attributable to PPI. Excluding the benefit of PPI in the current year period, volumes increased 7.7%, driven by improved customer service levels versus the prior year period and improved production in protein-based shakes. Segment profit was $117.5 million, an increase of 36.5%, or $31.4 million, compared to the prior year period. Segment Adjusted EBITDA was $152.4 million, an increase of 30.5%, or $35.6 million, compared to the prior year period.Refrigerated RetailPrimarily side dish, egg, cheese and sausage products. For the first quarter, net sales were $266.6 million, flat compared to the prior year period. Volumes decreased 0.2%, primarily due to declines in egg and sausage products, partially offset by an increase in side dish products driven by the introduction of private label offerings. Volume information by product is disclosed in a table presented later in this release. Segment profit was $30.4 million, an increase of 25.6%, or $6.2 million, compared to the prior year period. Segment Adjusted EBITDA was $50.1 million, an increase of 20.4%, or $8.5 million, compared to the prior year period.WeetabixPrimarily United Kingdom RTE cereal, muesli and protein-based shakes. For the first quarter, net sales were $137.9 million, an increase of 8.1%, or $10.3 million, compared to the prior year period. Net sales reflected a foreign currency exchange rate tailwind of approximately 400 basis points. Volumes increased 2.4%, primarily driven by growth in protein-based shakes and branded products. Segment profit was $21.7 million, an increase of 36.5%, or $5.8 million, compared to the prior year period. Segment Adjusted EBITDA was $33.1 million, an increase of 18.2%, or $5.1 million, compared to the prior year period.Interest, Loss on Extinguishment of Debt, Income on Swaps and Income TaxInterest expense, net was $103.4 million in the first quarter of fiscal year 2026 compared to $84.1 million in the first quarter of fiscal year 2025. The increase in interest expense, net in the first quarter of fiscal year 2026 was driven by lower interest income, higher average outstanding principal amounts of debt and a higher weighted-average interest rate compared to the prior year period.Loss on extinguishment of debt, net of $17.5 million was recorded in the first quarter of fiscal year 2026 in connection with Post's redemption of its 5.50% senior notes due December 2029. Loss on extinguishment of debt, net of $5.8 million was recorded in the first quarter of fiscal year 2025 in connection with Post's redemption of its 5.625% senior notes due January 2028.Income on swaps, net relates to mark-to-market adjustments and settlements on interest rate swaps. Income on swaps, net was $1.9 million in the first quarter of fiscal year 2026 compared to $15.4 million in the prior year period.Income tax expense was $27.3 million in the first quarter of fiscal year 2026, an effective income tax rate of 22.0%, compared to $32.1 million in the first quarter of fiscal year 2025, an effective income tax rate of 22.1%.Share Repurchases and New Share Repurchase AuthorizationDuring the first quarter of fiscal year 2026, Post repurchased 3.7 million shares of its common stock for $378.9 million at an average price of $101.57 per share. Subsequent to the end of the first quarter of fiscal year 2026 through February 4, 2026, Post repurchased 1.8 million shares for $175.4 million at an average price of $99.19 per share. On February 3, 2026, Post's Board of Directors approved a new $500 million share repurchase authorization. Shares repurchased under the new authorization may begin on February 7, 2026. As of February 4, 2026, Post had $122.1 million remaining under its existing $500 million share repurchase authorization, which became effective on November 27, 2025 and will be cancelled effective February 6, 2026.Repurchases may be made from time to time in the open market, in private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate Post to acquire any particular number of shares, and repurchases may be suspended or terminated at any time at Post's discretion.OutlookPost management raised its guidance range for fiscal year 2026 Adjusted EBITDA to $1,550-$1,580 million from $1,500-$1,540 million.Post management expects fiscal year 2026 capital expenditures to range between $350-$390 million, which includes continued Foodservice investment in cage-free egg facility expansion and the completion of the Norwalk, Iowa precooked egg facility expansion, for aggregate expenditures of $80-$90 million.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 adjustments that could be made for income/expense on swaps, net, integration and transaction costs, mark-to-market adjustments on equity security investments, mark-to-market adjustments on commodity and foreign exchange hedges, gain/loss on extinguishment of debt, net, equity method investment adjustment and other charges reflected in Post's reconciliations of historical numbers, the amounts of which, based on historical experience, could be significant. In addition, Post provides the forecasted Adjusted EBITDA contribution from the 8th Avenue acquisition, excluding the pasta business, only on a non-GAAP basis and does not provide a reconciliation of this forward-looking non-GAAP guidance to the most directly comparable GAAP measure due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. For additional information regarding Post's non-GAAP measures, see the related explanations presented under "Use of Non-GAAP Measures."Use of Non-GAAP Measures Post uses certain non-GAAP measures in this release to supplement the financial measures prepared in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). These non-GAAP measures include Adjusted net earnings/loss, Adjusted diluted earnings/loss per common share, Adjusted EBITDA, segment Adjusted EBITDA, Adjusted EBITDA as a percentage of Net Sales, segment Adjusted EBITDA as a percentage of Net Sales, the forecasted Adjusted EBITDA contribution from the 8th Avenue acquisition, excluding the pasta business and free cash flow. The reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is provided later in this release under "Explanation and Reconciliation of Non-GAAP Measures."Management uses certain of these non-GAAP measures, including Adjusted EBITDA and segment Adjusted EBITDA, as key metrics in the evaluation of underlying company and segment performance, in making financial, operating and planning decisions and, in part, in the determination of bonuses for its executive officers and employees. Additionally, Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Management believes the use of these non-GAAP measures provides increased transparency and assists investors in understanding the underlying operating performance of Post and its segments and in the analysis of ongoing operating trends. Non-GAAP measures are not prepared in accordance with GAAP, as they exclude certain items as described later in this release. These non-GAAP measures may not be comparable to similarly titled measures of other companies. For additional information regarding Post's non-GAAP measures, see the related explanations provided under "Explanation and Reconciliation of Non-GAAP Measures."Board UpdatePost today announced that Michelle Atkinson and Jeff Zadoks have been appointed to its Board of Directors (the "Board"), effective March 15, 2026. With the addition of Ms. Atkinson and Mr. Zadoks, the Board will consist of nine members. Ms. Atkinson retired from Energizer Holdings, Inc. in December 2025, where she most recently served as Chief Transformation Officer. Mr. Zadoks most recently served as Chief Operating Officer at Post, retiring in January 2026 after 14 years at Post in various executive leadership roles.Conference Call to Discuss Earnings Results and OutlookShortly following this release, Post will publish prepared remarks related to this release in the Investors section of its website (www.postholdings.com) under the Investor Events & Presentations and the Quarterly Results sections. Post will host a conference call on Friday, February 6, 2026 at 9:00 a.m. ET to respond to questions. Robert V. Vitale, Chairman, President and Chief Executive Officer, Nicolas Catoggio, Chief Operating Officer and President and CEO of Post Consumer Brands, and Matthew J. Mainer, Chief Financial Officer and Treasurer, will participate in the call.Interested parties may join the conference call by dialing (800) 445-7795 in the United States and (785) 424-1699 from outside of the United States. The conference identification number is POSTQ126. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investors section of Post's website.A replay of the conference call will be available through Friday, February 13, 2026 by dialing (800) 925-9416 in the United States and (402) 220-5387 from outside of the United States. A webcast replay also will be available for a limited period on Post's website in the Investors section.Prospective Financial InformationProspective financial information is necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the prospective financial information described above will not materialize or will vary significantly from actual results. For further discussion of some of the factors that may cause actual results to vary materially from the prospective financial information provided in this release, see "Forward-Looking Statements" below. Accordingly, the prospective financial information provided in this release is only an estimate of what Post's management believes is realizable as of the date of this release. It also should be recognized that the reliability of any forecasted financial data diminishes the further in the future that the data is forecasted. In light of the foregoing, the information should be viewed in context and undue reliance should not be placed upon it.Forward-Looking Statements Certain matters discussed in this release, in the prepared remarks published on Post's website and on Post's conference call are forward-looking statements, including Post's Adjusted EBITDA outlook for fiscal year 2026, Post's capital expenditure outlook for fiscal year 2026, the forecasted annual Adjusted EBITDA contribution in fiscal year 2026 from the 8th Avenue acquisition, excluding the pasta business, and Post's expectations regarding the synergy run rate related to the 8th Avenue acquisition. These forward-looking statements are sometimes identified from the use of forward-looking words such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may" or "would" or the negative of these terms or similar expressions, and include all statements regarding future performance, earnings projections, events or developments. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include, but are not limited to, the following:volatility in the cost or availability of inputs to Post's businesses (including raw materials, energy and other supplies and freight);disruptions or inefficiencies in Post's supply chain, tariffs, inflation, highly pathogenic avian influenza and other agricultural diseases and pests, labor shortages, public health crises, weather events and fires and other events beyond Post's control;changes in economic conditions, financial instability, disruptions in capital and credit markets, changes in interest rates and fluctuations in foreign currency exchange rates;Post's and its customers' ability to compete in their respective product categories, including the success of pricing, advertising and promotional programs, declines in demand for Post's products and the ability to anticipate and respond to changes in consumer and customer preferences and behaviors;Post's ability to hire and retain talented personnel, increases in labor-related costs, employee safety, labor strikes, work stoppages, unionization efforts and other labor disruptions;Post's high leverage, its ability to obtain additional financing and service its outstanding debt (including covenants restricting the operation of its businesses) and a potential downgrade in Post's credit ratings;Post's ability to successfully implement business strategies to reduce costs or optimize its network;allegations that Post's products cause injury or illness, product recalls and withdrawals, product liability claims and other related litigation;the success of new product introductions;compliance with new, existing and changing laws and regulations;Post's reliance on third parties and others for the manufacture of many of its products;costs, business disruptions and reputational damage associated with information technology failures, cybersecurity incidents, information security breaches or enterprise resource planning system implementations;the impact of litigation;Post's ability to identify, complete and integrate or otherwise effectively execute acquisitions, including 8th Avenue and the pet food assets and operations acquired in April 2023 and December 2023, or other strategic transactions;the loss of, a significant reduction of purchases by or the bankruptcy of a major customer;differences in Post's actual operating results from any of its guidance regarding its future performance;impairment in the carrying value of goodwill, other intangibles or long-lived assets or changes in critical accounting estimates;risks associated with Post's international businesses;business disruption or other losses resulting from changes in governmental administrations or regulatory priorities, political instability, terrorism, war or armed hostilities or geopolitical tensions;risks related to the intended tax treatment of Post's divestitures of its interest in BellRing Brands, Inc.;Post's ability to protect its intellectual property and other assets and to license third-party intellectual property;costs associated with the obligations of Bob Evans Farms, Inc. ("Bob Evans") in connection with the sale of its restaurants business, including certain indemnification obligations and Bob Evans's payment and performance obligations as a guarantor for certain leases;losses or increased funding and expenses related to Post's qualified pension or other postretirement plans;conflicting interests or the appearance of conflicting interests resulting from any of Post's directors or officers also serving as directors or officers of other companies; andother risks and uncertainties described in Post's filings with the Securities and Exchange Commission.These forward-looking statements represent Post's judgment as of the date of this release. Post disclaims, however, any intent or obligation to update these forward-looking statements.About Post Holdings, Inc. Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader in the North American branded and private label ready-to-eat cereal and granola, pet food and nut butter categories. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix®. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. For more information, visit www.postholdings.com. Contact:Investor RelationsDaniel O'Rourke<a xmlns="http://www.w3.org/1999/xhtml" href="mailto:
*The Minister of Finance stated that this impact will be covered by the spending cuts that will result from the administration package *Alexandru Nazare stated that he wants the economic recovery and the administration reform to be approved simultaneously
These top TSX companies have increased their dividends annually for decades.The post 5 TSX Dividend Champions Every Retiree Should Consider appeared first on The Motley Fool Canada.
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Shares in Volvo Cars crashed the most on record in Stockholm, with Bloomberg data going back to late 2021, after it reported fourth-quarter earnings that missed analyst expectations. A toxic blend of higher US tariffs, cuts to EV subsidies, a stronger Swedish krona versus a weaker dollar, and an intensifying price war in China all squeezed fourth-quarter profitability, the Swedish-origin automaker detailed in its earnings release. It reported an Ebit margin of just 2% and an operating income that came in well below Bloomberg Consensus estimates....
Olympic gold medallist Mack Horton and his wife Ella have cashed in on their South Melbourne apartment, netting a six-figure sum. The post Olympic champion Mack Horton sells South Melbourne apartment for $940k appeared first on realestate.com.au.
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