The company said net sales for the three months ended July 31, 2024 rose 18% from $1,805.2 million a year earlier to $2,125.1 million, and diluted earnings per share fell to $1.74 from $1.79, a decline of 3%.

1. 01

   The company said net sales for the three months ended July 31, 2024 rose 18% from $1,805.2 million a year earlier to $2,125.1 million, and diluted earnings per share fell to $1.74 from $1.79, a decline of 3%.

2. 02

   The company said net sales excluding the Hostess Brands acquisition, divestitures, and foreign currency exchange rose 1%. It said adjusted operating income was $447.9 million, up 35% from $331.7 million, and adjusted earnings per share was $2.44, up 10% from $2.21.

3. 03

   The company said cash provided by operating activities for Q1 was $172.9 million, lower than $217.9 million a year earlier, as it required more cash to fund working capital. Free cash flow was $49.2 million, compared with $67.6 million in the prior year.

4. 04

   The company updated its full-year fiscal 2025 outlook, moving net sales growth to 8.5% to 9.5% from the previous 9.5% to 10.5%, adjusted earnings per share to $9.60 to $10.00 from $9.80 to $10.20, and free cash flow to $875 million from $900 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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