BRENTWOOD — Post Holdings reported its worst first quarter in six years this week, citing struggles with labor shortages and supply chain snags.
The suburban St. Louis packaged foods company reported a loss of $20.8 million, or 33 cents per share, for the period ended Dec. 31.
The company made $81.2 million, or $1.21 per share, in the same frame last year.
Executives highlighted an increase in sales, recovering demand for its food service business and plans to raise prices. But they said rising costs for raw materials and struggles finding workers and shipping goods led to missed sales opportunities.
Every part of the business had unmet customer demand, CEO Robert Vitale said on an investor call Friday morning.
Post owns a variety of brands, including cereals like Honey Bunches of Oats as well as Peter Pan peanut butter and PowerBar.
Post shares dropped $1.29, or 1%, to $104.10 Friday.
