Ralcorp Holdings, the US private-label food firm, has today (6 February) announced a boost in first-quarter earnings as a result of gains from the company’s investment in Vail Resorts.
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Net sales for the first quarter to 31 December increased 24% due to Ralcorp’s acquisitions and higher pricing in response to rising input costs.
Net earnings were US$42.4m, rising $34.8m on the year, due to forward sales gains on Ralcorp’s stake in Vail Resorts, the company said.
Net sales reached $650.7m, thanks largely to Ralcorp’s acquisitions of Bloomfield Bakers and Cottage Bakery.
Last week, Ralcorp received US anti-trust clearance for its $2.6bn acquisition of the country’s third-largest cereals business Post.
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