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 The company, best known for its breakfast cereals including Raisin
Bran and Honey Bunches of Oats, said the financial impact from the
latest outbreak was still being assessed.
Post said earlier this month that avian flu constituted a "force
majeure event" for its Michael Foods egg business.
Declaring force majeure means a company can get out of contract
obligations due to an unpredictable event beyond its control.
The company had said then that two of its flocks were tested
positive for the virus, affecting about 25 percent of its egg supply
commitments.
Michael Foods, which also sells refrigerated potato products and
dairy products, accounted for about 28 percent of the company's
sales in the year ended September.
Avian flu has been confirmed in 16 U.S. states and Canada, and has
devastated Midwestern poultry and egg producers in recent weeks,
leading to the culling of 40 million birds.
Michael Foods was taking various measures to partially mitigate the
financial impact, including discontinuation of certain product lines
and appropriate pricing actions, Post said on Wednesday.
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Post's shares were down 1.2 percent at $43.48 in afternoon trading
on the New York Stock Exchange on Wednesday.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Maju
Samuel)
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