6 million for this
year's third fiscal quarter compared to $15.2 million, respectively
, an increase of
$101.8
Total Net Sales $406.0)
Accelerated depreciation
(1. The effects of growth in these areas
were partially offset by volume from co-manufacturing
arrangements coming in
at roughly half the levels experienced in the third quarter of the prior year
. The primary driver of the third
quarter improvement was the increase in net sales.5 million) --
were offset by certain favorable cost items. About $31 million of the increase was the result of
an additional two months of results from Bakery Chef, acquired
December 3, 2003.2 million in
fiscal
2004.
Significant changes in outstanding debt affecting the comparisons of third
quarter and
nine-month interest expense in fiscal 2005 and 2004 include
$270 million of additional borrowings
to fund the Bakery Chef acquisition in
December 2003, $50 million of Floating Rate Senior Notes repaid
in November
2004, and $47 million of borrowings under committed and uncommitted lines of
credit
to fund a portion of the Medallion acquisition in June 2005.
Equity Interest in Vail Resorts
, Inc.
Ralcorp continues to hold an approximate 21 percent equity ownership
interest in Vail
Resorts, Inc.02 per diluted share. This
project was completed in fiscal 2004.,
the leading mountain
resort operator in the United States.1) (305.3)
Earnings before Equity Earnings 15.6
29.2 8. If a child is believed to be
sensitive to lactose, try lactose-reduced or
lactose-free milk.
* Serve as a child's role model: Children establish healthy eating habits
early in life. If parents drink soda during dinner, a child will soon
follow their
parents' lead. Bake for 25
minutes, turning halfway through to ensure even browning.
brittle bake
7
Snack Nuts + Candy 55.7
Frozen Bakery Products 11.8
Cereals, Crackers + Cookies
Third quarter net sales for the Cereals, Crackers + Cookies segment
increased $10.6 million from last year, with the Ralston Foods cereal division
up $8. At Bremner
, net sales rose as
a result of improved pricing on some products and favorable product mix. Bremner
's sales volume under co-manufacturing arrangements was
18 percent lower than last year and Ralston
Foods co-manufacturing volume was
down almost 40 percent. Management expects continued softness in
co-manufacturing at both Ralston Foods and Bremner in the fourth quarter. The
segment's nine-month
profit contribution was $.
Despite a sales volume decline of about 4 percent, net sales grew as a
result
of improved pricing, which had lagged commodity cost increases last year, and
sales mix
.6 million, respectively, from last year as price increases
have begun to catch up with cost increases
.
ISB (Kent): In the second quarter of fiscal 2003, Ralcorp announced plans
to close its ISB
facility in Kent, WA, and transfer production from that
facility and two other ISB facilities to
a new ISB plant located in Utah. Other
increases were primarily due to higher systems costs and amortization
during
the conversion period, incremental audit fees and other compliance costs
related to the
Sarbanes-Oxley Act, and the timing of certain expenses.5 $ 386.1) (900.0) (156.82 $ 1.2
29.0 $ 5.2 2. Milk is a source of vitamin D,
which aids in calcium absorption.
Dairy Council of California develops nutrition education programs that are
designed to be
personally relevant to each user. Serve with ketchup,
BBQ sauce or plain yogurt for dipping if desired
.org
Nutrient Information
320 Calories
8 g Total Fat
4
g Saturated Fat
24 g Carbohydrates
37 g Protein
200 mg Calcium
320 mg Sodium
1 g Fiber
zesty appetizer
The Medallion Foods business
(a producer
of value brand and private label corn-based snack products
including tortilla chips, corn chips and
extruded corn products), acquired
June 22, 2005, contributed about $1 million to Ralcorp's net sales
through
June 30.2) (. Profits were helped by savings derived from
previously initiated cost
reduction projects (including over $.
Additionally in the nine-month profit comparison, a volume
surge and the
implementation of new information systems resulted in temporary production
inefficiencies
and higher inventory storage costs in the first quarter of
fiscal 2004.7 million for the quarter
ended
June 30, 2004.6 $ 1.5 million and $. Beginning in June 2005
and ending in September
, accelerated depreciation of nearly $.6 million for the nine-month period.0 million for the quarter
and $.0)
Litigation settlement income 1.7 .0) (28.92 $ 1.
There is
also a "Calcium Quiz" interactive tool found on the site that
will help parents determine what their
family's daily calcium intake is, and
provide tips on how to increase intake.whipped peanut
2 million and $1,132
.7 $ 278.8 77.0 15.8
Total Segment Profit Contribution 37.7 $ 77.
Compared
to the prior year, the segment's profit contribution was
$1. In addition to the factors described
above, nine-month
profit benefited from favorable volume, improved manufacturing efficiencies
(particularly due to the ISB plant consolidation), pricing, and product mix in
the foodservice and
ISB channels ($5.5 million of additional intangible asset
amortization expense.6 percent
and 4
. The
remainder of the acquisition cost (which totaled about $100 million) was
funded with cash
and increased utilization of the accounts receivable
securitization program.
In March 2005
, Bremner management developed a plan to retire equipment
composing one of its production lines by
March 2006.9 million in the three and
nine months ended June 30, 2004, respectively. These
higher
costs were partially offset by mark-to-market adjustments on deferred
compensation liabilities which
resulted in a year-over-year decrease in
expense of $1.4) (1.6) (1.8
Income taxes
(9.7
Other Noncurrent Liabilities 162.microwave brocard
6 million
for fiscal 2004.7 97.0 99.5) (. Lastly, selling prices were
generally stable when comparing
fiscal quarters. The volume improvement is net of a 12 percent decline related to the
loss of pourable
salad dressing sales to a major customer.0 million
(5 percent) as a 7 percent decrease in volume
was more than offset by improved
pricing on several items. This 4 percent growth came primarily from
volume gains in the
foodservice and in-store bakery (ISB) channels, with additional net sales
improvements
from favorable ISB pricing and product mix, slightly offset by
soft volume and unfavorable pricing
in retail griddle products.9 million after taxes) for last year's third quarter - a
decrease of
$.6 million.2)
Restructuring charges (1.8 74.76
Weighted Average
Shares Outstanding
Basic 29.7 891.spiced stuffing
5 160.1 174.2
$1,132.1 3.9 34.0) (9. As in the third quarter, nine-month
net sales from crackers benefited
from a shift from saltines to specialty
crackers.9 million, and $.1 million), and ingredients ($1
. Through nine months, the
segment's profit contribution was $35. Those benefits were partially
offset
by higher incentive compensation ($1.6 percent and 3.2 million in 2004.
In the third quarter
of fiscal 2005, Ralcorp recorded $1.7 million income
received in settlement of certain claims related
to antitrust litigation.
Large-scale information systems upgrades and conversions resulted in
incremental expenses of $1. Certain aspects of the Company's operations, especially in the Snack
Nuts + Candy segment, are somewhat seasonal with a higher percentage of sales
and profits expected
to be recorded in the first and fourth fiscal quarters.
NOTE: Information in this press release
that includes information other
than historical data contains forward-looking statements as defined
by the
Private Securities Litigation Reform Act of 1995.0) (52.5 $ 52.6
Earnings per
Share
Basic $ .8
RALCORP HOLDINGS
, INC.3
RALCORP HOLDINGS, INC.3
Total Assets
$1,252.picante appetizer
3 million for the three months ended
June 30, 2004.0 million in fiscal
2005
compared to $24.2
Profit Contribution by Segment Three Months Ended Nine Months
Ended
(in millions) June 30, June 30,
2005 2004 2005 2004
Cereals, Crackers + Cookies
$ 16.8 million
(2 percent) lower for the first nine months.5 million through nine months
).5 million lower as a result of a favorable adjustment to the
actuarially determined liability due
to improved safety performance, fewer
employees, and other trends.3 million), savings from the Kansas
City plant
shutdown ($2.2 million), the previously mentioned lower workers' compensation
expense
, and the continued benefits of cost reduction projects that have
improved the segment's SG+A cost
structure.6 million
and $.1 million for
fiscal 2004 - an increase of $.1 million of other
related
charges.2 million per month beginning in March 2005.0) (9.3 $15.5 $ 330.2 $1,221.microwave molasses
Nearly half of the increase in year-to-date net sales is attributable to
the timing of business
acquisitions. The
corresponding period of fiscal 2004 included results of those businesses
subsequent
to their respective acquisition dates.2 112.8)
Litigation settlement income, net 1
.1 1.9
Systems upgrades and conversions (1.
While this drop was expected, its impact
significantly counteracted strong
results from Ralston Foods' key base business. The decline in volume
under
co-manufacturing agreements reduced segment profit by approximately
$1.
In addition,
profit was reduced by higher freight costs (up approximately
$2. For the first nine
months of
the year, net sales dollars were down 1 percent, or $3.
The segment's third quarter and nine
-month profit contribution improved
$. For the first
nine months of fiscal 2005, the segment's
net sales increased $57.
Frozen Bakery Products profit contribution for the third quarter improved
$1.8 million in fiscal 2004. (NYSE: MTN) Vail Resorts operates on a fiscal
year ending July 31;
therefore, Ralcorp reports its portion of Vail Resorts'
operating results on a two-month time lag
. However, in the second
quarter of fiscal 2004, Vail Resorts recorded a charge related to debt
refinancing
, resulting in a reported net loss.
Restructuring charges included (in millions):
Three Months Ended Nine Months Ended
June 30, June 30,
2005 2004 2005 2004
City of Industry $ . In fiscal 2004,
accelerated depreciation charges related
to the Kansas City and ISB
restructuring projects.8 million for the third
quarter and $4.7 million
of due diligence expenses related
to a potential business acquisition, which has been terminated
. If these costs remain at elevated levels as expected,
some of these mitigating factors will become
less effective when favorable
hedging contracts expire or if sales volume growth slows, resulting
in lower
profit margins for the remainder of fiscal 2005.7 77.6 15.0 30.3 $34.mealsmatter
.org) contains hundreds of free and easy, calcium-rich recipe
ideas, including Chicken Crunchers
(recipe attached). Set up three bowls with the
following: 1) flour mixed with a pinch of salt and
pepper; 2) an egg-wash;
made by beating the eggs and milk together; 3) cornflakes mixed with cheese
.spiced appetizer
7 50.2) (5.6 million. Bremner's sales
volume from co-manufacturing arrangements was about
20 percent lower than in
last year's third quarter. Another $16 million is attributable to the additional
five
months of sales from C2B, acquired February 27, 2004.9 million
of favorable ingredient costs
, the benefit of favorable ISB pricing and
product mix, profit from incremental foodservice sales
, and improved
manufacturing efficiencies, partially offset by higher freight costs
($.8
. Restructuring costs included $1.2 million in the third quarter of
fiscal 2005 and 2004, respectively
, for a total of $5. In addition,
Ralcorp holds an interest of approximately 21 percent in Vail Resorts
, Inc.1 1.1 5.98 $ 1.5 29.6
Snack Nuts + Candy .6
2.8
Frozen Bakery Products 3.1
Corporate 2
.4
Shareholders' Equity 510.
The report states most children
and adolescents are at risk for bone
fractures and osteoporosis later in life due to low calcium
intake.molasses tater
0 482.7 247. Excluding co-manufacturing, total cracker sales volume
grew 2 percent
, and total cookie volume was up 3 percent.
Through the first nine months of fiscal 2005, net
sales for the segment
were up slightly more than 8 percent from a year ago, with Ralston Foods and
Bremner contributing increases of $25.5 million and $6.4 million for the third quarter and $8.5 million
through nine months), raw
materials costs (up about $1.5 million decline due
to unfavorable mix
.2 million for the three and nine-month periods ended
June 30, 2005, respectively, as worldwide demand
for tree nuts exceeds supply. Through nine months, Ralcorp recorded
after-tax equity earnings of
$9.9 million and $1.
It is important to note that operating results for any quarter are not
necessarily
indicative of the results for any other quarter or for the full
year.1
Net Earnings
$ 24.1
Diluted 30.7 .9
Total
$14. "Since dairy foods provide 70 percent of calcium in the
Western diet
, finding ways to include more dairy can make a difference in a
child's long-term wellness and bone
health. If healthy eating is not important to a
parent, then it will not be important to
the child either.calorie ksl
Earnings before equity earnings were $15.0) (.3 million for the quarter and nine
months, respectively.9 million unfavorable product mix
variance.5 million from higher pricing were
more than offset by the
impact of a 2 percent volume decline and an additional $.1 million, $1. These
changes were the result of both higher rates on the
Company's floating rate debt (which have doubled
since last year) and the
timing of a few significant borrowings and repayments. The
liability
represented the present value of the remaining lease rentals (July
2003 through February 2007), reduced
by estimated sublease rentals that could
be reasonably obtained for the property.1 .0
152. Three
servings of low-fat milk, flavored milk, cheese or yogurt, or up to 1300
milligrams
of calcium depending on age, are recommended each day to achieve
strong bone health.
"This
is a major concern because girls are drinking less milk, therefore
getting less calcium, at a time
when calcium intake is critical to build peak
bone mass," said Garen.
Garen added that Dairy
Council of California's meal planning Web site
(http://www.whipped zesty
79 for the quarter, down $.4 5.9
) (1. Through nine months, the segment's net sales were up $8.
Frozen Bakery Products
Net sales for the Frozen Bakery Products segment grew to $80. Discounts related to this agreement
totaled $.8 million ($8.5 $ .1 $17.7 4.
CONDENSED CONSOLIDATED
BALANCE SHEET
(In millions)
June 30, Sep. 30,
2005 2004
Current Assets $ 244. Healthy Eating
Made
Easier.mores molasses
7 million for the same quarter
last year.
For the nine-month periods ended
June 30, 2005 and 2004, net sales were
$1,233.5 million last year. Medallion is reported as part
of Ralston Foods in the Cereals,
Crackers + Cookies segment.7 $ 83.6 $ 51.0) (3.4) (1.6
) (3.
Dressings, Syrups, Jellies + Sauces
In the Dressings, Syrups, Jellies + Sauces
segment, also known as Carriage
House, net sales for the three months ended June 30, 2005 were up
$1.4
million), and selling price increases.4 million and $1.6 million for
the quarter ended June
30, 2005, from $77. The remaining nine-month
increase was primarily driven by the same factors that
impacted the third
quarter: stronger foodservice and ISB volume, favorable pricing and product
mix
, slightly offset by lower retail griddle products sales volume.4 million) and total manufacturing costs
.9 million in fiscal 2005, compared to
$23. For the first nine months of the
year, interest expense
was $12. For the third quarter ended
June 30, 2005, Ralcorp's investment in Vail Resorts resulted
in non-cash pre-
tax earnings of $12.2 million of employee
termination benefits in the third quarter
, along with $. Ralcorp has been unable to sublease a
portion of the property and, during the third
quarter of fiscal 2005,
significantly reduced its estimate of future sublease rentals, resulting
in an
additional charge of $.4 80.0 $ 24.80
Diluted $
.6
Current Liabilities $ 157.2 $1,221.
Total
Preparation Time: 15 to 30 minutes
Actual Cooking Time: 15 to 30 minutes
Number of Servings:
6
Origin: American
Special Features: Kids Love It
Nutrition Content: Good Source
of Calcium
Source: http://www.playdough pancake
5 million, up 5 percent from $386.03 from a year ago.7 $ 15.7
10.5) (10. Total
sales volume was flat compared with last year's third quarter, but a reduction
in lower-priced saltines was offset by an increase in relatively higher-priced
specialty crackers
.1 million), as well as lower ingredient
costs overall (approximately $2.2
ISB (Kent)
.8
$ 1.0 million.5 million. The extra depreciation
is included in
cost of products sold in the consolidated statement of earnings but excluded
from
the calculation of segment profit contribution. These expenses are not
allocated to the operating
segments and are included in selling, general and
administrative expenses in the consolidated statement
of earnings.
In addition, although the costs of energy, freight and several commodities
increased
significantly from prior year costs, some of the effects have been
mitigated through hedging and
forward purchase contracts as well as volume and
selling price increases.
CONSOLIDATED STATEMENT OF EARNINGS
(In millions except per share data)
Three Months Ended Nine Months Ended
June 30, June 30,
2005 2004 2005 2004
Net Sales $ 406.3 $1,233.6)
(987.6)
Gross Profit 80.4 47.6 $ 58.81 $ .3 1.
Chicken Crunchers
Ingredients
1 cup All-purpose flour
Salt
Pepper
4 Egg whites
1/2 cup
Milk
1 1/2 cups Cornflakes
1 cup (4 oz.spiced barrick
9 522.5 $386.6
Snack Nuts
+ Candy 5.5
Interest expense, net (4.7 .8 $ 74
.5 million higher in
fiscal 2005 than in fiscal 2004.0 million in fiscal 2005 and $9.3 million in
the first nine months of fiscal 2005 and 2004,
respectively, and are included in the consolidated
statement of earnings in
selling, general and administrative expenses.6 million and
$3.2 $1,132
.9
Dressings, Syrups, Jellies + Sauces 2.3 6.7 $12.7 $40.3
Long-term
Debt 422.6
Report Finds Children and Adolescents Do Not
Get Enough Calcium
This category is for the listing of sites having recipes for the preparation and
cooking of food in a microwave oven.
calorie meatballs
Ralcorp Holdings Announces Results for the Third Quarter of Fiscal
2005
ST. LOUIS, Ralcorp Holdings, Inc. Third quarter net earnings were $24.6 million, or $1
.76 per
diluted share. Results for the first nine months of
fiscal 2005 included a full nine months
of results from the Concept 2 Bakers
(C2B) business, acquired on February 27, 2004, and a full nine
months of
results from the Bakery Chef business, acquired on December 3, 2003.6 77.3 $1,233
.0 $ 50.6) (3.7 million), packaging ($4. These favorable items include
improved production costs
($1.4 percent, respectively, compared to 3.4 million after taxes), compared to
$13.3 $ -
$ .2 .
Litigation settlement income was $.7 million for the first nine months of each year
.
Ralcorp produces a variety of store brand foods that are sold under the
individual labels
of various grocery, mass merchandise and drug store
retailers, and frozen bakery products that are
sold to restaurant and food
service customers.7 246.0 11.7 425.playdough bake
Net
Sales by Segment Three Months Ended Nine Months Ended
(in millions)
June 30, June 30,
2005
2004 2005 2004
Ralston Foods $ 91.4
Bremner
79.9
Dressings, Syrups, Jellies +
Sauces
98.6 289.0 million and the Bremner cracker and cookie division up $2.7 million)
, reduced process improvement consulting fees ($.4 million
compared to fiscal 2004.
Additional
Information
See the attached schedules for additional information regarding the
Company's
results and financial position.2 . The Company recorded $.3, million respectively, related to
the
remaining net lease obligation.1 million and $. The fiscal 2005 third
quarter includes approximately
$1.7 49.4 29.2
Total Liabilities and Shareholders' Equity $1,252.
"Parents
and caregivers need help getting enough calcium into their
children's diets," said Andrea Garen,
a registered dietitian at Dairy Council
of California.ksl glogg
8 166.6 35. Hot cereal sales volume
was up nearly 5 percent from a year ago. Ready-to-eat cereal sales volume was up 15 percent for the
first
nine months of the year. In addition, workers' compensation
expense was $1. Freight costs
, packaging costs (especially petroleum-based plastic
containers), and ingredient costs (especially
fruits, sweeteners, and peanuts)
were higher by $1.0 million) and freight costs
(approximately
$1.76 percent from December 2004 through December 2009.0
City of Industry: In the third
quarter of fiscal 2005, Ralcorp announced
plans to close its plant in City of Industry, CA, and transfer
production to
other Carriage House facilities. At the end of the third
quarter of fiscal 2005
, a buyer was found for the Kansas city property and the
carrying amount was written down to the amount
of the net proceeds expected to
be received in the fourth quarter, resulting in a loss of $.1 million
for the first nine
months. These statements are
sometimes identified by their use of terms and
phrases such as "should,"
"will," "can," "believes," "could," "likely," "anticipates," "intends,
"
"plans," "expects," or similar expressions.6
Selling, general and
administrative
expenses (52.7) (12.6 24.5 444. Yogurt
or hard cheeses are naturally
low in lactose, and cheese is an
excellent snack during the day.
Building good
calcium consumption habits in adolescents is especially
important, considering a recent 10-year study
released in the February issue
of The Journal of Pediatrics revealed soda consumption among adolescent
girls
almost triples as they become older, while milk consumption decreases by more
than 25 percent
. The research suggests that the fall-off in milk consumption
may reflect the decrease in eating
breakfast or increase in meals eaten away
from home. Dip chicken
pieces in flour, then into the
egg-wash, then roll in the cheesy-flakes
mixture, coating the entire piece of chicken and place on
the baking pan.3aday.
spiced ksl
(NYSE: RAH) today reported net sales for the three months ended June 30,
2005
of $406. Net earnings for the current
year's first nine months were $58.5 million, or $1
.2 244.9)
Earnings before Income Taxes
and Equity Earnings $ 24
.6 $ 24.6 million
through nine months, especially packaging, raisins, corn, tree nuts, wheat,
and
rice), and packaging redesign costs related to the new trans fat labeling
requirements (up $1. Sales
volume increased nearly
2 percent and higher pricing added about $.5 million, as
gains of nearly
$3. Most of these benefits were offset by increased
costs.0 million and $11.0 million and $3.
For the third quarter and first nine months of fiscal 2005, the weighted
average interest rate
on all of the Company's outstanding debt was 4. For fiscal 2005, these weighted average rates include
the effect of an
interest rate swap contract designated as a hedge of the interest payments on
Ralcorp
's Floating Rate Senior Notes, effectively fixing the rate on those
Notes at 4.9 million ($8.13 per
diluted share.5 .4 million per
month is being recorded on certain City of Industry equipment
that will not be
transferred to other Ralcorp facilities. Ralcorp's diversified product mix includes:
ready-to-eat
and hot cereals; snack mixes, corn-based chips and extruded corn snack
products;
crackers and cookies; snack nuts; chocolate candy; salad dressings;
mayonnaise; peanut butter; jams
and jellies; syrups; sauces; frozen griddle
products including pancakes, waffles, and French toast;
frozen biscuits; and
other frozen pre-baked products such as breads and muffins.
RALCORP HOLDINGS, INC.1 231., net of
related deferred income taxes
8.4 30.) Reduced-fat, shredded cheddar cheese
6 Chicken breast filets;
cut into strips
Non-stick cooking spray
Preparation
Preheat
oven to 375 degrees Fahrenheit.microwave bake
Earnings before equity earnings improved to
$49.5
Cereals
, Crackers + Cookies 171.7 .
While Ralcorp recorded about $1 million of sales from Medallion
since the
June 22 acquisition, the growth at Ralston Foods came primarily from a
13 percent increase
in sales volume of ready-to-eat cereal, largely driven by
expanded product offerings with existing
customers.1 million
(1 percent) from last year's third quarter.
The segment's third quarter
profit contribution was $.4 million lower than last year
as the noted net sales decline and key cost
component increases -- freight
($3.1 million (10 percent) from a year ago.3 $ -
Kansas
City . Based on the shortened
expected useful life of that equipment, depreciation
has been accelerated by
about $. The Bremner division implemented the new systems at the beginning
of
July 2005.0) (9.9 9.84 $ 1.7 3.0 $ 199. Dairy Council of California Helps
Parents Increase Their Children's Calcium
Intake
SACRAMENTO
, Calif.
Discard any unused corn flake mixture after coating chicken.whipped proportions
92 per diluted share,
compared
to prior year nine-month net earnings of $52.0 230.4
Dressings, Syrups, Jellies + Sauces
4.3 13.5 million,
respectively. Bremner comparisons were affected by incremental
sales
to former customers of Bake-Line Group, LLC, which ceased operations
during the second quarter of
last year.9 million for the third quarter and $6.
Snack Nuts + Candy
Third quarter
net sales for the Snack Nuts + Candy segment, also known as
Nutcracker Brands, were $5.6 million
(11 percent) higher than last year.
The Company has an agreement which gives it the ability to
sell up to
$66 million of certain of its trade accounts receivable on an ongoing basis
through
fiscal 2005.5 . Fourth quarter charges are expected to total approximately
$1.2
million
of operating lease termination costs recorded as a liability when the
facility was vacated in 2003
and an adjustment of $.
Other unallocated corporate expenses increased $2.5 6.0 1.
* Insist on family meals: Eating meals together at home as a family on a
regular basis
will encourage consumption of higher amounts of important
nutrients such as calcium since
parents have more control over what
their children eat.ksl brittle
Diluted earnings per share were
$.8
Frozen Bakery Products 80.9 23. Bremner's cracker and cookie volumes were
up
4 percent and 16 percent, respectively, for the nine-month period (again
excluding co-manufacturing
).7 million (11 percent) higher for the third quarter but $. The increase was due to $.
Interest
Expense
Interest expense was $4. In addition to the results of
operations discussed above
, the following items should be considered when
evaluating current and prior year results. This project
, which will include the
termination of 65 employees, is expected to be substantially complete by
the
end of the fourth quarter. No
significant future charges are expected for this project. As
of June 30, 2005, current and noncurrent
liabilities included $. The
projects began during fiscal
2003 and are expected to continue through fiscal
2006. Any such forward-looking
statements are
made based on information currently known and are subject to
various risks and uncertainties and
are therefore qualified by the Company's
cautionary statements contained in its filings with the
Securities and
Exchange Commission.5)
Interest expense, net (4.3
Noncurrent
Assets 1,007."
Garen's suggestions include:
*
Find ways to work more dairy into the diet: During breakfast, offer a
child flavored milk
, or encourage yogurt and cereal with low-fat milk. Parents can try this
and other good-tasting recipes
to help their children meet their daily calcium
requirements.brocard appetizer
0 million, or 9 percent.4 million from
$47.7) (12.2)
Restructuring charges (1.8) (15. Commodity costs were unfavorable
by $4.7 million for the three months
ended June 30, 2005 and 2004, respectively.3 percent a year
ago.
Kansas City: In the third quarter of fiscal 2004, the Company announced
plans to close
its plant in Kansas City, KS, and transfer production to other
Carriage House facilities by the end
of fiscal 2004.0) (3.5) (.9
Earnings before Income Taxes
and Equity Earnings
24.4 8.79 $ .
DEPRECIATION AND AMORTIZATION BY SEGMENT
(In millions)
Three
Months Ended Nine Months Ended
June 30, June
30,
2005 2004 2005 2004
Cereals, Crackers
+ Cookies $ 6.
Coat a 13 x 9-inch baking pan with non-stick cooking spray.meatballs webtv
6 10.2
10.5 million, but those positive
factors were partially offset by a $.5 million in
reduced
employee compensation costs), savings from the Kansas City plant
closure ($. About $7 million of
the increase was due to the
timing of acquisitions.0 million), and $.4 $ 1. Bremner has experienced
some customer service issues related to the
implementation, but the Company expects that the total
impact on the fourth
quarter results of operations will not be material.2
Cost of products
sold (326.4) (27.5
Equity in earnings of
Vail Resorts, Inc., Parents
play a key role in
ensuring their children meet the daily requirements of calcium, according to a
recent report from the American Academy of Pediatrics.
At lunch or dinner add milk instead
of water when making soup, or serve
pudding made with milk for dessert. This customization
allows
consumers to make decisions considering their unique needs, resulting in
healthy food choices
and contributing to optimal health.mores peanut
Both Bakery Chef and C2B are
reported in the Frozen Bakery Products
segment.0 $ 252.2 292.2 189.6) (1.5) (1.7)
Other unallocated corporate expenses
(6.6 million and $13.4 million, respectively.0 million). Vail Resorts' operations are highly
seasonal
, typically yielding income for the second and third fiscal quarters
and losses for the first and
fourth fiscal quarters.1 million for fiscal 2005 and $5.7 .4) (147.7 .playdough peanut
A community sponsored library.
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