Post Holdings is a consumer packaged goods holding company that manufactures and sells food products across four segments: Post Consumer Brands (RTE cereal, pet food, and nut butters), Foodservice (egg and potato products), Refrigerated Retail (branded refrigerated sides, sausage, dairy, and eggs), and Weetabix (UK cereals). Post Consumer Brands is the largest segment, selling branded cereals like Honey Bunches of Oats and Pebbles alongside private label cereals under the Malt-O-Meal bag line, plus pet food brands including Nutrish, 9Lives, and Kibbles 'n Bits. The Foodservice segment sells labor-saving, value-added egg and potato products — precooked eggs, liquid eggs, processed potatoes — to restaurants and institutional operators primarily through distributors like Sysco and US Foods. Refrigerated Retail sells Bob Evans side dishes and sausage, Simply Potatoes, and Crystal Farms dairy through grocery and mass merchandise retailers. Weetabix sells cereals under the Weetabix and Alpen brands through major UK grocery retailers. Post operates a decentralized model where each business runs largely autonomously, and the company has assembled its portfolio through more than a dozen acquisitions since its 2012 spin-off. Post explicitly benchmarks M&A against share buybacks and debt repayment as capital allocation alternatives, and has been an active repurchaser, buying back over 11% of shares outstanding in FY25.