Post Holdings, Inc. (NYSE:POST) Q1 2023 Earnings Call Transcript

David Palmer: Thanks. Good morning, Rob. I’m curious about the way this year is shaping up in the way that it provides insights about your earnings power as you look ahead to fiscal €˜24. I know we’re not going to get into guidance for an out year, but I would imagine that supply chain improvements will be something that’s continuing to happen, particularly in refrigerated and that there’s going to be some price net of commodities catch up progressing in consumer brands, but perhaps some give back in foodservice, but those are all hunches. I’m just wondering if you could maybe give a sense of the way this year is going and ways that could leave an imprint for ’24? Thanks.

Rob Vitale: I don’t think I could answer the question any better than you asked it. The cadence and variables you just went through are spot on.

David Palmer: Okay. That was quick. With — as far as the timing goes on the pricing of the commodities front for cereal, you don’t have to be down to a quarter, but when do you think that, that will start to get better? Is that a — how soon?

Rob Vitale: Current quarter. So that starts now and builds throughout the year.

David Palmer: Okay. Thank you very much.

Rob Vitale: Thank you, Dave.

Operator: We have reached the allotted time for Q&A. I will now turn the program back over to our presenters for any additional or closing remarks.

Rob Vitale: Thank you all for joining us and we’ll speak with you soon. Goodbye.

Operator: That concludes today’s teleconference. Thank you for your participation. You may now disconnect.