US store-brand food producer Ralcorp has reported lower quarterly earnings and lacklustre sales, but indicated it may be able to boost its sales following the bankruptcy of Bake-Line.

The company posted net earnings of US$11.7m, or 39 cents per share, for the first quarter to 31 December, compared to $13.3m, or 44 cents per share, in the year-ago period.

Net sales for the three-month period rose to $362.5m from $348.3m a year earlier. While net sales in the company’s snack nuts and sugar confectionery segment increased, sales declined slightly in its cereals, crackers and cookies segment, and sales in its dressings, syrups, jellies and sauces segment also fell. The latest quarter also included nearly one month of results from the Bakery Chef business, which was acquired in December and contributed $13.2m to sales.

Ralcorp also said that since Bake-Line Group filed for bankruptcy and ceased operations earlier this month, Ralcorp had been contacted by several of Bake-Line’s former customers about supplying product. Ralcorp said that based on industry data Bake-Line had annual sales of around $100m-120m in the store-brand cookies and crackers categories.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.