date:May 14, 2013
Unfavorable product mix, higher trade spending and overall declines in the ready-to-eat cereal category contributed to a 59% decline in earnings at Post Holdings, Inc. during the second quarter.
For the quarter ended March 31, the company had earnings of $4.3 million, equal to 13c per share on the common stock, which compared with $10.5 million, or 31c per share, during the same quarter of the previous year. Sales for the quarter were $248.2 million, down 1% from $250.5 million during the same