US manufacturer of store-brand foods, Ralcorp Holdings, has posted a slide in quarterly profit as it lost sales and customers after the bankruptcy of US grocery distributor Fleming.

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St Louis-based Ralcorp reported third-quarter profit of US$16m, or 54 cents a share, compared to $18.1m, or 59 cents a share, in the year-ago period.


Ralcorp’s sales fell 1% to $311.5m for the third quarter.


Separately, the company said it is carrying out a strategic review of all its business operations, reported Reuters.

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