US food manufacturer Ralcorp has reported higher net earnings and sales for the first quarter of fiscal 2005.

The company reported net earnings of US$16.6m, or 55 cents per share, for the first quarter to 31 December, compared to $11.7m, or 39 cents per share, for the same period of fiscal 2004. Net sales rose 21% to $440.1m from $362.5m a year earlier.

Ralcorp's results for the first quarter of fiscal 2005 included a full three months of results from the Bakery Chef business and the Concept 2 Bakers (C2B) business, acquired on 3 December 2003 and 27 February 2004, respectively, while the results for the first quarter of fiscal 2004 included only about one month of Bakery Chef results and no C2B results.