Post Holdings, Inc. (NYSE:POST) Q2 2024 Earnings Conference Call August 2, 2024 9:00 AM ET
Company Participants
Daniel O'Rourke - Investor Relations
Robert Vitale - President and Chief Executive Officer
Jeff Zadoks - Executive Vice President and Chief Operating Officer
Matt Mainer - Senior Vice President, Chief Financial Officer and Treasurer
Conference Call Participants
Andrew Lazar - Barclays
David Palmer - Evercore ISI
Kenneth Goldman - JPMorgan
Matthew Smith - Stifel
Michael Lavery - Piper Sandler
John Baumgartner - Mizuho Securities
Robert Dickerson - Jefferies
Marc Torrente - Wells Fargo Securities
Carla Casella - JP Morgan
Operator
Welcome to the Post Holdings Third Quarter 2024 Earnings Conference Call and Webcast. [Operator Instructions] I would now like to turn the call over to Daniel O'Rourke, Investor Relations for Post.
Daniel O'Rourke
Good morning. Thank you for joining us today for Post's third quarter fiscal 2024 earnings call. I'm joined this morning by Rob Vitale, our President and CEO; Jeff Zadoks, our COO; and Matt Mainer, our CFO and Treasurer. Rob, Jeff and Matt will make prepared remarks, and afterwards, we'll answer your questions.
The press release that supports these remarks is posted on both the investors and the SEC filings section of our website and is also available on the SEC's website. As a reminder, this call is being recorded. An audio replay will be available on our website at postholdings.com. Before we continue, I would like to remind you that this call will contain forward-looking statements, which are subject to written uncertainties that should be carefully considered by investors as actual results could differ materially from these statements.
These forward-looking statements are current as of the date of this call and management under takes no obligation to update these statements. We'll discuss certain non-GAAP measures. For a reconciliation of these non-GAAP measures to the nearest GAAP measure, see our press release issued yesterday and posted on our website. With that, I will turn the call over to Rob.
Robert Vitale
Thank you, Daniel. In Q3, we delivered another quite solid that enabled us to increase our full year guidance. While never fully satisfied, we are quite pleased with the business performance, including recent acquisitions. I'm certain you noticed we have been aggressive in purchasing our own shares.
This solid performance is against a challenging and transitioning consumer environment. Inflation is cooling but to our labor markets. Meanwhile, rapid costive change in pricing over the last couple of years has impacted consumer behavior across channels. We expect to work through this reference price phenomenon in both retail and foodservice channels over the next year.