Post Holdings

BellRing Brands Announces New Share Repurchase Authorization of $300 Million

Retrieved on: 
Thursday, February 29, 2024

ST. LOUIS, Feb. 29, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) today announced its Board of Directors approved a $300 million share repurchase authorization over the next two years, with share repurchases under the new authorization beginning on March 11, 2024.

Key Points: 
  • ST. LOUIS, Feb. 29, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) today announced its Board of Directors approved a $300 million share repurchase authorization over the next two years, with share repurchases under the new authorization beginning on March 11, 2024.
  • Subsequent to December 31, 2023 and as of February 29, 2024, BellRing repurchased 0.2 million shares of its common stock for $12.3 million at an average price of $53.58 per share.
  • As of February 29, 2024, BellRing had repurchased approximately $79 million under its previous $80 million share repurchase authorization, which became effective on May 3, 2023 and will be cancelled effective March 11, 2024.
  • The authorization does not, however, obligate BellRing to acquire any particular amount of shares, and repurchases may be suspended or terminated at any time at BellRing’s discretion.

Alphia Appoints Fred Jasser as Chief Financial Officer

Retrieved on: 
Monday, March 4, 2024

Alphia, one of the largest pet food co-manufacturers in North America, today announced that Fred Jasser has joined the firm as Chief Financial Officer, effective immediately.

Key Points: 
  • Alphia, one of the largest pet food co-manufacturers in North America, today announced that Fred Jasser has joined the firm as Chief Financial Officer, effective immediately.
  • “Fred brings to Alphia extensive corporate finance, operational, commercial and strategic experience - we’re thrilled to welcome him to our team as we build out our capabilities and embark on our next phase of growth and expansion,” said David McLain, Chief Executive Officer and President, Alphia.
  • Prior to joining Alphia, he served as Chief Strategy Officer and Chief Financial Officer at Hearthside Food Solutions, a leading contract manufacturer of baked snacks and fresh and prepared foods for major brands.
  • “I’m excited to be joining Alphia, a best-in-class manufacturer in the exciting pet food category with positive industry tailwinds,” said Fred Jasser.

Kodiak Expands Leadership Team with Appointment of Steve Katzenberger as Chief Operating Officer and Sonali Dalvi as Vice President of Product Development

Retrieved on: 
Tuesday, March 5, 2024

PARK CITY, Utah, March 5, 2024 /PRNewswire/ -- Kodiak, the breakfast company known for its high-protein, 100% whole grain products, announced the recent appointment of Steve Katzenberger as Chief Operating Officer and Sonali Dalvi Vice President of Product Development, a newly created role at Kodiak. Both Katzenberger and Sonali will report to CEO, Val Oswalt.

Key Points: 
  • PARK CITY, Utah, March 5, 2024 /PRNewswire/ -- Kodiak, the breakfast company known for its high-protein, 100% whole grain products, announced the recent appointment of Steve Katzenberger as Chief Operating Officer and Sonali Dalvi Vice President of Product Development, a newly created role at Kodiak.
  • "We are excited to have both Steve and Sonali join the Kodiak team," said Oswalt, CEO.
  • In a monumental addition to Kodiak, Dalvi will be the brand's first ever Vice President of Product Development, reinforcing Kodiak's dedication to creating superior products.
  • "I am so honored to be joining Kodiak on their mission to bring nutrient-rich meals to families," said Dalvi, VP, Product Development.

Premier Protein Launches NEW Cookie Dough High Protein Shake

Retrieved on: 
Monday, March 4, 2024

EMERYVILLE, Calif., March 4, 2024 /PRNewswire/ -- Good things come to those who wait! For the first time in over two years, Premier Protein is debuting a new, permanent addition to its fan favorite, ready-to-drink shake portfolio – Cookie Dough! Now, you can indulge in a guilty pleasure, while staying on track with your health and fitness goals – no baking necessary.

Key Points: 
  • For the first time in over two years, Premier Protein is debuting a new, permanent addition to its fan favorite, ready-to-drink shake portfolio – Cookie Dough !
  • The Premier Protein Cookie Dough Shake is impossibly indulgent, featuring the brand's signature creamy, delicious formula and packed with 30g of protein, 160 calories and one gram of sugar.
  • Available in twelve flavors, including NEW Cookie Dough, Premier Protein provides variety for everyone!
  • Premier Protein Cookie Dough High Protein Shakes are now available at all major retailers nationwide.

Post Holdings Announces Redemption of $459.3 Million 5.75% Senior Notes Due March 2027

Retrieved on: 
Thursday, February 15, 2024

ST. LOUIS, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today announced it intends to redeem 100%, or $459.3 million in aggregate principal amount, of its outstanding 5.75% senior notes due March 2027 (CUSIPS: 737446AM6, U7318UAL6 and U7318UAM4) (the “2027 Notes”) on March 1, 2024 (the “redemption date”).

Key Points: 
  • ST. LOUIS, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today announced it intends to redeem 100%, or $459.3 million in aggregate principal amount, of its outstanding 5.75% senior notes due March 2027 (CUSIPS: 737446AM6, U7318UAL6 and U7318UAM4) (the “2027 Notes”) on March 1, 2024 (the “redemption date”).
  • The 2027 Notes will be redeemed at a redemption price of 100.958% of the principal amount thereof, plus the accrued and unpaid interest to, but excluding, the redemption date (the “redemption amount”).
  • Beginning on the redemption date, the 2027 Notes will no longer be deemed outstanding and interest will no longer accrue on such securities.
  • The Company’s redemption of the 2027 Notes is subject to the satisfaction or waiver, in its discretion, of the condition that the Company consummate financing in an amount that is sufficient to fund the redemption amount.

Sports Nutrition Market Size Expected to Reach $81 Billion by 2030 as Workout Nutritional Supplements Demand Rises

Retrieved on: 
Wednesday, February 7, 2024

It said: “The sports nutrition market segmentation has been bifurcated by end-user into commercial, bodybuilders, recreational users and athletes.

Key Points: 
  • It said: “The sports nutrition market segmentation has been bifurcated by end-user into commercial, bodybuilders, recreational users and athletes.
  • The athlete's category held the majority of the market share with respect to the sports nutrition market revenue.
  • Additionally, the U.S. sports nutrition market held the largest market share, and the Canadian sports nutrition market was the fastest-growing market in the region.
  • Major market players are spending a lot of money on R&D to increase their product lines, which will help the sports nutrition market grow even more.

Post Holdings Announces Pricing of Senior Secured Notes Offering

Retrieved on: 
Monday, February 5, 2024

ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today announced the pricing of its previously announced senior notes offering.

Key Points: 
  • ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today announced the pricing of its previously announced senior notes offering.
  • The Company priced $1,000.0 million in aggregate principal amount of 6.250% senior notes due 2032 at par (the “Notes”), representing an increase from the original offering size of $875.0 million.
  • The Notes offering is expected to close on February 20, 2024, subject to customary closing conditions.
  • This press release is not a notice of redemption with respect to the 5.75% senior notes due 2027.

BellRing Brands Reports Results for the First Quarter of Fiscal Year 2024; Raises Fiscal Year 2024 Outlook

Retrieved on: 
Monday, February 5, 2024

ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the first fiscal quarter ended December 31, 2023.

Key Points: 
  • ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today reported results for the first fiscal quarter ended December 31, 2023.
  • Premier Protein shake consumption growth remained robust this quarter, lifted by strong velocities and modest incremental promotional activity.
  • Income tax expense was $14.2 million in the first quarter of 2024, compared to $14.3 million in the first quarter of 2023.
  • BellRing will host a conference call on Tuesday, February 6, 2024 at 9:00 a.m. EST to discuss financial results for the first quarter of fiscal year 2024 and fiscal year 2024 outlook and to respond to questions.

Post Holdings Announces Commencement of Senior Secured Notes Offering

Retrieved on: 
Monday, February 5, 2024

ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today announced it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $875.0 million in aggregate principal amount of senior secured notes due 2032 (the “Notes”).

Key Points: 
  • ST. LOUIS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today announced it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $875.0 million in aggregate principal amount of senior secured notes due 2032 (the “Notes”).
  • The final terms and amounts of the Notes are subject to market and other conditions and may be materially different than expectations.
  • The offering is not conditioned upon the consummation of the redemption of the Company’s 5.75% senior notes due 2027, which is expected to occur on March 1, 2024.
  • This press release is not a notice of redemption with respect to the 5.75% senior notes due 2027.

BellRing Brands’ Executive Chairman Rob Vitale Returns from Medical Leave

Retrieved on: 
Wednesday, January 31, 2024

ST. LOUIS, Jan. 31, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today announced that its Executive Chairman, Robert V. Vitale, has ended his medical leave and resumed his full duties as Executive Chairman, effective today, January 31, 2024.

Key Points: 
  • ST. LOUIS, Jan. 31, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) (“BellRing”), a holding company operating in the global convenient nutrition category, today announced that its Executive Chairman, Robert V. Vitale, has ended his medical leave and resumed his full duties as Executive Chairman, effective today, January 31, 2024.