diff --git a/src/posts.lisp b/src/posts.lisp
index 5c25ea7..523fb58 100644
--- a/src/posts.lisp
+++ b/src/posts.lisp
@@ -11,11 +11,11 @@
   (with-slots (url title author excerpt format text) object
     (setf url (compute-url object (slugify title))
           format (make-keyword (string-upcase format))
-          text (render-text text format)
           excerpt (or excerpt
                       (first (split (excerpt-sep *config*)
                                     (render-text text format)
                                     :limit 2)))
+          text (render-text text format)
           author (or author (author *config*)))))
 
 (defmethod render ((object post) &key prev next)