The company said net sales for the quarter ended October 31, 2024 rose 17% to $2,271.2 million. Excluding the Hostess Brands acquisition, divestitures and foreign currency exchange, net sales rose 2%. Adjusted earnings per share on a diluted basis rose 7% to $2.76.

1. 01

   The company said net sales for the quarter ended October 31, 2024 rose 17% to $2,271.2 million. Excluding the Hostess Brands acquisition, divestitures and foreign currency exchange, net sales rose 2%. Adjusted earnings per share on a diluted basis rose 7% to $2.76.

2. 02

   The company said operating income for the quarter fell 43% to $169.7 million, citing a $260.8 million pre-tax loss on the Voortman disposal group classified as held for sale as the main factor. Net loss per diluted share was $0.23.

3. 03

   The company said cash provided by operating activities for the quarter was $404.2 million, compared with $176.9 million a year earlier. Free cash flow was $317.2 million, compared with $28.2 million in the prior year. The company cited higher cash provided by operating activities and lower capital expenditures as factors in free cash flow.

4. 04

   The company gave adjusted earnings per share guidance of $9.70 to $10.10 for fiscal 2025 and said its previous guidance was $9.60 to $10.00. Net sales growth of 8.5% to 9.5% and free cash flow of $875 million were unchanged from the previous guidance.

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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