The CMA is supportive of industry research that increases the
understanding
of the dietary contribution and role of flavanols in a healthy
lifestyle. CMA members represent
over 90% of the
chocolate processed in the United States.2 million and $1,132.0 99. The volume
improvement is net of a 12 percent decline related to the
loss of pourable salad dressing sales to
a major customer.7 million), reduced process improvement consulting fees ($.4 million and $1.0 million
and $11.7 million for the quarter ended
June 30, 2004. The increase was due to $.2 million of employee
termination benefits in the third quarter, along with $.
In March 2005, Bremner management
developed a plan to retire equipment
composing one of its production lines by March 2006. In fiscal
2004,
accelerated depreciation charges related to the Kansas City and ISB
restructuring projects
.6 million for the nine-month period.2 $1,132.2
Cost of products sold (326.0)
(9.0 $ 24.2 $1,221.
Joslin Diabetes Center Announces New Nutrition Guidelines for People with
Type 2 Diabetes or Pre-Diabetes who are Overweight or Obese
S. These
recommendations can help
people lose weight, have better diabetes
control and prevent serious cardiovascular complications
," Dr. Examples of this
include walking, biking, swimming and dancing.transfair watermelon
The results were based
on chocolate samples from commercially available
products under nine brands, as well as reference
standards provided by the
United States National Institute of Standards and Technology (NIST). ARS
scientists, located at the Beltsville Human Nutrition Center, Brunswick Labs,
and the Arkansas
Children's Nutrition Center analyzed these samples in a blind
test for flavanol content and antioxidant
capacity.0 million in fiscal 2005
compared to $24.0 million and the Bremner cracker and cookie division
up $2. Ready-to-eat cereal sales volume was up 15 percent for the first
nine months of the year.
8 million
(2 percent) lower for the first nine months.9 million for the third quarter and $6.7 million
for the three months
ended June 30, 2005 and 2004, respectively.8 . 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 $.3, million
respectively, related to the
remaining net lease obligation.
In the third quarter of fiscal
2005, Ralcorp recorded $1.7 million of due diligence expenses related
to a potential business acquisition
, which has been terminated.
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 1995.6) (1.6 $ 58.3
Long-term Debt
422., C. The
best sources are fresh vegetables, fruits and beans.oilseed isbt
chocolateusa.2 112
.1 1.2) (5.7)
Other unallocated corporate expenses (6.8) (15. At Bremner, net sales
rose as
a result of improved pricing on some products and favorable product mix.7 million (11 percent
) higher for the third quarter but $.5 million through nine months), raw
materials costs (up about
$1.0 million
(5 percent) as a 7 percent decrease in volume was more than offset by improved
pricing
on several items. Commodity costs were unfavorable
by $4.0 million), and $.6 percent and 3.
Restructuring charges included (in millions):
Three Months
Ended Nine Months Ended
June 30, June 30,
2005 2004 2005 2004
City of Industry $
.
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. As of June 30, 2005, current and noncurrent
liabilities included $.5) (.1
.3
Total Assets $1,252., Clinical Director of Joslin's Obesity
Program and an obesity
researcher, who co-chaired the committee that developed the new
guidelines
.S. This is a higher percentage than Joslin recommended
in the past.warana certifies
"These results indicate
that products derived from cocoa beans, which come
from the cacao tree, also contain flavanols, with
the highest amount in
natural cocoa powders," explains Dr.4 5. Bremner's sales volume under
co-manufacturing arrangements was
18 percent lower than last year and Ralston Foods co-manufacturing
volume was
down almost 40 percent.5 million through nine months).5 million decline due
to unfavorable
mix.5 million in
reduced employee compensation costs), savings from the Kansas City plant
closure
($. The
segment's nine-month profit contribution was $.
Snack Nuts + Candy
Third
quarter net sales for the Snack Nuts + Candy segment, also known as
Nutcracker Brands, were $5.1
million), as well as lower ingredient
costs overall (approximately $2.02 per diluted share. In addition
to the results of
operations discussed above, the following items should be considered when
evaluating
current and prior year results.7 million income
received in settlement of certain claims related
to antitrust litigation. 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 2005.5
Equity in earnings
of
Vail Resorts, Inc.1 5.6 29.7 $40. Rosenzweig, who also is Director of Joslin
's Disease
Management Program and Assistant Professor of Medicine at Harvard
Medical School.oilseed soyatech
3 million
for the three months ended
June 30, 2004. Net earnings for the current
year's first nine months
were $58.8 77.0 482.4
Dressings, Syrups, Jellies + Sauces 4.7 $ 77.5 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.1 million
(1 percent
) from last year's third quarter.0 million in fiscal 2005 and $9.2 million in
fiscal 2004. However
, in the second
quarter of fiscal 2004, Vail Resorts recorded a charge related to debt
refinancing
, resulting in a reported net loss. Through nine months, Ralcorp recorded
after-tax equity earnings
of $9.7 .8
$ 1.5 $ . In addition,
Ralcorp holds an interest
of approximately 21 percent in Vail Resorts, Inc.
RALCORP HOLDINGS
, INC.2)
Restructuring charges (1.0 30.2 8.D.,
Ph. Foods that are
high in
trans fats such as fast foods, commercially baked goods, crackers,
cookies and some margarines
should be avoided.isbt warana
Study Reveals Differing Amounts of Naturally Occurring Flavanols in Chocolate and
Cocoa Powder
"
About the Chocolate Manufacturers Association
The Chocolate Manufacturers
Association (CMA) has served as the premiere
trade group for manufacturers and distributors of cocoa
and chocolate products
in the United States since 1923.4
Bremner
79.0) (9. Bremner's cracker and cookie volumes were up
4 percent and 16 percent, respectively
, for the nine-month period (again
excluding co-manufacturing).9 million unfavorable product mix
variance
. For the first nine
months of the year, net sales dollars were down 1 percent, or $3.
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 2005.2 . This
project was completed in fiscal 2004.
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.1) (305.6 15.81 $ .0 1. Campbell, M.
Fat: Approximately 30 to 35 percent of
a person's daily calories
should come from fat. For more information on
Joslin, call 1-800-JOSLIN
-1 or visit www.maximizing cooks
, as an
ingredient and flavor) in a variety of foods.
The
corresponding
period of fiscal 2004 included results of those businesses
subsequent to their respective acquisition
dates.7 $ 278.0 230.1 174.8
Frozen Bakery Products 80.7 247.0
$ 50. Sales volume increased nearly
2 percent and higher pricing added about $.5 million higher
in
fiscal 2005 than in fiscal 2004.6 million, respectively, from last year as price increases
have
begun to catch up with cost increases.2 million for the three and nine-month periods ended
June 30
, 2005, respectively, as worldwide demand for tree nuts exceeds supply. For the first
nine months
of fiscal 2005, the segment's net sales increased $57.1 million (10 percent) from a year ago.
Interest Expense
Interest expense was $4.6 percent
and 4.3 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.13 per diluted share.0) (3.7 .5 29.5
6.7 3.)
gelatin oilseed
"
"The findings provide further scientific evidence that cocoa
is a rich
source of antioxidant activity, such as other antioxidant-rich foods including
red wine
, cranberries and blueberries," said CMA President Lynn Bragg. "This
research increases knowledge
of a wonderfully familiar food, and comes at a
time when we are finding new ways to use cocoa and
chocolate (e.Ralcorp Holdings Announces Results for the Third Quarter of Fiscal 2005
ST.2
292.6) (1.
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 $25.0 million and $3.76 percent from December 2004 through December 2009.
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. These expenses are not
allocated to the operating segments and are included in selling, general
and
administrative expenses in the consolidated statement of earnings.7 .3)
Earnings
before Equity Earnings 15.3 $15.9
Dressings, Syrups, Jellies + Sauces 2. 30,
2005 2004
Current Assets
$ 244.certifies cooks
7
Frozen Bakery Products 11.5 million, as
gains
of nearly $3.4
million), and selling price increases.1 million, $1. About $31 million of the increase
was the result of
an additional two months of results from Bakery Chef, acquired
December 3, 2003
. About $7 million of the increase was due to the
timing of acquisitions.3 percent a year
ago.
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. For the third quarter ended
June 30, 2005, Ralcorp's investment in Vail Resorts resulted in non-cash pre-
tax earnings of
$12.5 .6 $ 1. This project, which will include the
termination of 65 employees, is expected
to be substantially complete by the
end of the fourth quarter.2 million in the third quarter of
fiscal
2005 and 2004, respectively, for a total of $5.0) (52.9 9.6
Earnings per Share
Basic $ .
The new guidelines recommend approximately 40 percent
of a
person's daily calories come from carbohydrates; 20 to 30 percent from
protein (unless the
person has kidney disease); 30-35 percent come
from fat (mostly mono- and polyunsaturated fats);
and at least 20-35
grams of fiber. Diabetes is a leading cause of
heart disease, stroke, blindness
, kidney disease, amputations and
other complications., Director, Educational
Services and New
Clinic Program Development, also co-chaired the
workgroup that wrote the guidelines.E.garbanzos cooks
"This study
also demonstrates that chocolate products
containing higher amounts of cocoa have higher antioxidant
capacity.7 97.6 35. The decline in volume under
co-manufacturing agreements reduced segment
profit by approximately
$1. In addition, workers' compensation
expense was $1.1 million), and
ingredients ($1.
Frozen Bakery Products
Net sales for the Frozen Bakery Products segment
grew to $80.
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 4.2
ISB (Kent)
.9 million and $1.6
Selling, general and
administrative expenses (52.80
Diluted $ .2 2.3 6.0 $ 199., Education Program
Manager of Joslin's Affiliates
Programs/Disease Management Program, also was integral to developing
the guidelines. Protein also helps to maintain lean body mass during weight
loss.
Editor's
Note: To schedule an appointment with a member of Joslin
Clinic's Nutrition Staff, call (617) 732
-2440.hygenic maximizing
Natural Cocoa Powders, Unsweetened Baking Chocolates Rank Highest in Findings
SAN
DIEGO, A new Agricultural Research Service
(ARS) study evaluating total amounts of flavanols and
antioxidant capacity in
cocoa and chocolate shows that antioxidants are found in a range of chocolate
products -- but more so in those with a higher cocoa content.
Nearly half of the increase
in year-to-date net sales is attributable to
the timing of business acquisitions.9
Dressings
, Syrups, Jellies +
Sauces 98.3 $1,233.6 10.2)
Restructuring
charges (1.0) (.5) (10. Through nine months, the
segment's profit contribution
was $35.0 million) and freight costs
(approximately $1.
Ralcorp continues to hold an approximate
21 percent equity ownership
interest in Vail Resorts, Inc.3 $ -
Kansas City
. 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.
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
$ 406.4 80.0) (156.8 74.4 8.79 $ .4 29.8
RALCORP HOLDINGS, INC. Rosenzweig, M., A.) Meal replacements, such as shakes
, bars and
ready-to-mix powders that match these guidelines can be helpful for
some people.org
Note: Here is a link to a pdf containing the new nutrition
guidelines on Joslin's website:
https:
//diabetesmanagement.cereals washingtion
There is a chocolate for
everyone and it can be enjoyed -- in moderate portions
-- as part of a
balanced diet.6 million for this
year's third fiscal quarter compared to $15. Third
quarter net earnings were $24.0 $ 252. As in the third quarter, nine-month
net sales from crackers
benefited from a shift from saltines to specialty
crackers.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 $1.5 million, but those positive
factors were partially
offset by a $.4 million
compared to fiscal 2004.4 million) and total manufacturing costs. Those benefits
were partially
offset by higher incentive compensation ($1. 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. Discounts related to this agreement totaled $. (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.2 .2 million in 2004. The fiscal 2005 third
quarter includes approximately
$1. 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 1.4) (27.84 $ 1.98 $ 1.1
Diluted
30.0 11.3 $34.7
Other Noncurrent Liabilities
162.2 $1,221. And most importantly, we wanted to deliver
a plan that makes clear what
people need to do to achieve their
goals," said Dr.
Scientific data show that reducing one's carbohydrate
intake while
simultaneously increasing healthier protein and fat choices may be a
better approach
to weight control. It may also help decrease
cardiovascular disease in overweight people with type
2 diabetes. Examples of protein include fish, skinless chicken or turkey,
nonfat or lowfat dairy
products and legumes such as kidney beans,
black beans, chick peas and lentils. Weight loss is different
for each person and should be continued until a person reaches a
target body mass index, or BMI
(ask your provider about how to obtain
this measurement.p
df
(Due to its length, this URL
may need to be copied/pasted into
your Internet browser's address field.condiment warana
The association was founded
to fund and
administer research, promote chocolate to the general public and serve as an
advocate
of the industry before Congress and government agencies.76 per
diluted share. Both Bakery Chef and
C2B are
reported in the Frozen Bakery Products segment.
Net Sales by Segment
Three Months Ended Nine Months Ended
(in millions) June 30
, June 30,
2005 2004 2005 2004
Ralston Foods $ 91.5 160.7
Snack Nuts + Candy
55.7 .
In addition, profit was reduced by higher freight costs (up approximately
$2. 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.
Frozen
Bakery Products profit contribution for the third quarter improved
$1. For the first nine months
of the
year, interest expense was $12.4 percent, respectively, compared to 3. Based on the shortened
expected useful life of that equipment, depreciation has been accelerated by
about $.
Litigation
settlement income was $.7 million for the first nine months of each year.
Other unallocated corporate
expenses increased $2.1 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.9
Earnings before Income
Taxes
and Equity Earnings 24.7 77.1
Net Earnings
$ 24.
DEPRECIATION AND AMORTIZATION BY SEGMENT
(In millions)
Three Months Ended Nine
Months Ended
June 30, June 30,
2005 2004 2005 2004
Cereals, Crackers + Cookies
$ 6.7 891., head of Joslin's clinical
guidelines committee. While these guidelines
are very straightforward,
Americans should meet with their healthcare team so they can adapt the
guidelines to meet their personal needs," said Osama Hamdy, M. High-fiber foods
include fruits
, vegetables, whole grain cereals, breads, nuts and
seeds.cereals washingtion
org . Medallion is reported as part of Ralston
Foods in the Cereals,
Crackers + Cookies segment.7 50.1 3.3 13.5
Interest expense
, net (4.
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 $1.5 million lower as a result of a favorable adjustment to the
actuarially determined
liability due to improved safety performance, fewer
employees, and other trends. 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 ($5.0 million).2 million per month beginning in March 2005.0) (9.5
$ 52.92 $ 1.7 4.9
Total $14. are overweight or obese,
resulting
in a skyrocketing rate of type 2 diabetes that now affects
at least 18.P. Most should come from mono
- and polyunsaturated
fats, such as olive oil, canola oil, nuts, seeds and fish (especially
those
high in omega-3 fatty acids, such as salmon, mackerel, lake
trout, herring and sardines). Cholesterol
intake
should be less than 300 mg daily; or less than 200 mg in people with
an LDL ("bad") cholesterol
that is more than 100 mg/dL.
Weight Loss Guidelines: A modest weight loss of one pound every
one
to two weeks is advised.garbanzos soyatech
Scientists from ARS, the chief scientific research agency of the U.
The
study was funded in part by the American Cocoa Research Institute (ACRI), the
research arm
of the Chocolate Manufacturers Association (CMA).
For the nine-month periods ended June 30, 2005
and 2004, net sales were
$1,233.92 per diluted share,
compared to prior year nine-month net earnings
of $52.5) (.6) (3.6 $ 24. Hot cereal sales volume
was up nearly 5 percent from a year ago
. The Company recorded $.4 million per
month is being recorded on certain City of Industry equipment
that will not be
transferred to other Ralcorp facilities.
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.7 246.1 231.0)
Litigation settlement income 1., net of
related deferred income taxes 8.1 $17. Fiber intake should be approximately 50 grams
daily if
that amount can be tolerated; a minimum of 20-35 grams per day is
recommended and an
external supplement may be needed. Blood glucose patterns often change with these types of
replacements
and thus people should monitor their blood glucose. A minimum of 150 to 175 minutes of
moderate intensity
physical activity is recommended.joslin.joslin.grocers certifies
Department of Agriculture, presented the findings
today at Experimental
Biology 2005, an international scientific conference held in San Diego.
In this study, the scientists found that the chocolates ranked in
antioxidant capacity from highest
amount to lowest were natural cocoa powder,
unsweetened baking chocolate, alkalinized or "Dutch"
cocoa powder, dark
chocolates, semi sweet chocolate baking chips, and milk chocolates. Leah Porter
, vice president of scientific
affairs for the CMA.5 million, or $1.2 189.7 $ 15.4) (1.5
) (1.7 .9) (1.8
Cereals, Crackers + Cookies
Third quarter net sales for
the Cereals, Crackers + Cookies segment
increased $10. Lastly, selling prices were
generally stable
when comparing fiscal quarters. Excluding co-manufacturing, total cracker sales volume
grew 2 percent
, and total cookie volume was up 3 percent.3 million for the quarter and nine months, respectively.9
million, and $.3 million), savings from the Kansas City plant
shutdown ($2.5 million of additional
intangible asset
amortization expense.6 million.8
Frozen Bakery Products 3
.7 $12.3
RALCORP HOLDINGS, INC.6
Current Liabilities
$ 157. "The search was on for
guidelines that would improve insulin
sensitivity, cardiovascular
health and reduce body fat. A
target of 60 to 90 minutes of modest
intensity physical activity most
days of the week with a minimum of 150-175 minutes/week is encouraged
and should include cardiovascular, stretching and resistance
activities to maintain or increase
lean body mass. An estimated 41 million Americans have pre-diabetes and
are at risk of developing
full-blown type 2 diabetes unless they lose
weight and increase physical activity.
Physical Activity
Guidelines: Physical activity is extremely
important to a weight loss plan.transfair concessionaires
Research
over the
past decade has identified flavonoids as showing diverse beneficial
physiological and antioxidant
effects.
(NYSE: RAH) today reported net sales for the three months ended June 30, 2005
of $406
. Earnings before equity earnings were $15.03 from a year ago.0 million, or 9 percent.2
Profit
Contribution by Segment Three Months Ended Nine Months Ended
(in millions)
June 30, June 30,
2005 2004
2005 2004
Cereals, Crackers + Cookies $ 16.0 15.7 10.9)
Earnings before Income Taxes
and Equity Earnings $ 24.6 million from last
year, with the Ralston Foods cereal division
up $8.6 million and $13.5 million from higher pricing
were more than offset by the
impact of a 2 percent volume decline and an additional $.4 million,
respectively.9 million ($8. 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 $.5 million.5 million and
$.
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 49.1
Corporate
2.5 $ 330. To help Americans fight the dramatic increase in
type 2 diabetes, Joslin Diabetes
Center has crafted new nutrition and
physical activity guidelines for overweight and obese individuals
with
type 2 diabetes and those at risk for developing diabetes
(pre-diabetes). We felt the best
way to
impact the largest number of people was to strengthen our nutrition
guidelines," said James
L.D. Hamdy
added., R.D. Physical activity should
be a mix of cardiovascular, stretching and resistance
activities to
maintain or increase lean body mass.
cosmetically grocers
S.g. For more information on CMA visit
http:
//www.5 million, up 5 percent from $386.2 million, respectively, an increase of
$101.9 522.5
$386.0) (3.6 million.
The segment's third quarter 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. 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.3 $ - $ .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.6 million and
$3.,
the leading
mountain resort operator in the United States.7 .0 152.4
Shareholders' Equity
510.D.D.
Among the highlights of the new Joslin guidelines are the
following
recommendations:
Carbohydrate: Approximately 40 percent of a person's daily
calories should come
from carbohydrate; the total should not be less
than 130 grams daily.cereals soyatech
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 30.5
Cereals, Crackers + Cookies 171.6 289
.9 34.2) (.
While this drop was expected, its impact significantly counteracted strong
results
from Ralston Foods' key base business.5 million and $6.4 million for the third quarter and $8. These
favorable items include
improved production costs ($1. No
significant future charges are expected
for this project.9 million in the three and
nine months ended June 30, 2004, respectively.3 $1,233
.1) (900.0) (28.4 30.
"Setting the standards for diabetes treatment for more than 100
years
, Joslin Diabetes Center's approach to diabetes management has
always been to focus on the individual
and not dictate a 'one size
fits all' strategy.
"Eating smaller portions, modest carbohydrates
and slightly more
protein with careful selection of fat, protein and carbohydrate
sources is the
way to go if you are overweight or obese and have
diabetes or pre-diabetes and normal kidney function
.E. Amy P.
Protein: While anyone with signs of kidney disease should consult
their provider before
increasing the daily amount of protein,
approximately 20 to 30 percent of a person's total calories
should
come from protein. Reducing daily calories should be by 250
to 500 calories; total daily
calories should not be less than 1,000 to
1,200 for women and 1,200 to 1,600 for men.cereals isbt
"
According
to Chef Carole Bloom, a chocolate expert and award-winning
author of Chocolate Lover's Cookbook for
Dummies, All About Chocolate, and
Truffles, Candies, and Confections, there are many ways to incorporate
cocoa
and chocolate into a diet in a way that enhances the flavor of healthy foods. Diluted earnings
per share were
$. Earnings before equity earnings improved to
$49.8 166.6 $ 51. Freight
costs, packaging costs (especially petroleum-based plastic
containers), and ingredient costs (especially
fruits, sweeteners, and peanuts)
were higher by $1.
Additionally in the nine-month profit comparison
, a volume surge and the
implementation of new information systems resulted in temporary production
inefficiencies and higher inventory storage costs in the first quarter of
fiscal 2004. The remaining
nine-month
increase was primarily driven by the same factors that impacted the third
quarter:
stronger foodservice and ISB volume, favorable pricing and product
mix, slightly offset by lower
retail griddle products sales volume.9 million
of favorable ingredient costs, the benefit of favorable
ISB pricing and
product mix, profit from incremental foodservice sales, and improved
manufacturing
efficiencies, partially offset by higher freight costs
($.
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 2005.6 million
and $.2
million of operating lease termination
costs recorded as a liability when the
facility was vacated in 2003 and an adjustment of $. 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. 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. 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 $1.6) (987.4) (147.82 $ 1.76
Weighted Average Shares Outstanding
Basic 29.6
Snack Nuts + Candy .7
425.
Business Editors/Health/Medical Writers
BOSTON----As Americans' waistlines
continue to expand, contributing to a burgeoning epidemic of type 2
diabetes, the scientific jury
is in and the verdict is clear: weight
loss and increased physical activity is directly related to
improved
diabetes control. The team of physicians, dietitians, exercise
physiologists and educators
spent months reviewing the scientific
literature to draw up new guidelines.2 million Americans, including
an increasing number of
young people.N.S.,
C.certifies soyatech
6 million for fiscal 2004.7 $ 83.8
Total Net Sales $406. Bremner's sales
volume from co-manufacturing arrangements was
about 20 percent lower than in
last year's third quarter.
Equity Interest in Vail Resorts
, Inc.0 million. Restructuring costs included $1.5)
Interest expense, net (4.7
) (12.0 $ 5. Whole grain foods
are preferable to eating pasta, white bread, white potatoes and
low
fiber cereal. A target of 60 to 90
minutes most days of the week is encouraged.
Society/Organizations/Professional is the category for trade unions and workers' affiliations.
warana cosmetically
7 million
for the same quarter
last year.79 for the quarter, down $.5 million last year.6 million, or $1. 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 77.2 10.9
Systems upgrades
and conversions (1.6) (3.
Compared to the prior year, the segment's profit contribution
was
$1.4 million lower than last year
as the noted net sales decline and key cost component increases
-- freight
($3.2 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
. Another $16 million is attributable to the additional five
months of sales from C2B, acquired February
27, 2004.9 million in fiscal 2005, compared to
$23.9 million after taxes) for last year's third quarter
- a
decrease of $.0 million for the quarter and $.6 24.4 47.6 2.3
Noncurrent
Assets 1,007.6
Trade associations, guilds, federations providing
food industry information.
gelatin toques
Flavanols are the main flavonoids found in cocoa and chocolate. CMA
's
mission is to serve as the voice of the American chocolate industry and
through research, education
and public information, works to ensure a
continued supply of cocoa and consumption of high value
and quality chocolate
products for the American people.2 $1,132.8 $ 74. Most of these benefits
were offset by increased
costs.7 million), packaging ($4.6 million for
the quarter ended June
30, 2005, from $77.8 million in fiscal 2004. The
remainder of the acquisition cost (which totaled
about $100 million) was
funded with cash and increased utilization of the accounts receivable
securitization
program.4 million after taxes), compared to
$13.8 million ($8.5 .4 $ 1. The Bremner division
implemented the new systems at the beginning of
July 2005.
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. 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.6)
Gross Profit
80.5 444.
"Since obesity doesn't seem to be slowing down and the
complications of diabetes are so serious, we were especially alarmed
about the health of the American
public. To initiate and continue weight reduction, a modest
goal of one pound every one to two weeks
is advised by reducing daily
caloric intake by 250 to 500 calories. Total daily calories should not
be less than 1,000 to 1,200 for women and 1,200 to 1,600 for men.
Two out of three people in the
U. This is a significant change from Joslin's
previous recommendations that promoted a higher carbohydrate
intake.hygenic certifies
Flavonoids are compounds also found in
fruits, vegetables, and certain beverages such as
tea, red wine, and grape
juice.
Some suggestions include:
-- Sprinkle cocoa powder
on popcorn, warm and cold coffee drinks, low fat
or non fat plain yogurt mixed with fresh
fruit, and baked pears, apples
or other fruit
-- Mix small bite-size pieces of
dark chocolate in with a homemade trail
mix of nuts and dried fruits
-- Add chocolate
shavings or cocoa nibs to fresh fruit cups, salad greens,
or cold cereals such as granola
or warm cereals such as oatmeal or
cream of wheat
-- Dip fresh or dried fruits
such as strawberries, bananas or dried
apricots into chocolate
-- Add chocolate
chips into easy to bake vegetable breads or cakes such as
banana bread, pumpkin bread, or
carrot cake
-- Incorporate into sauces such as Mexican mole and use with chicken,
fish, turkey or pork
Bragg summarized, "Chocolate has been and will continue to be
an important
research area, and we are constantly learning more about its many unique
properties
. LOUIS, Ralcorp Holdings, Inc.4 million from $47.2 244.0)
Accelerated depreciation
(1.8)
Litigation settlement income, net 1.
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. 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. The primary driver of the third
quarter improvement was the increase
in net sales.6 million (11 percent) higher than last year. Through nine months, the segment's net sales
were up $8.1 million for
fiscal 2004 - an increase of $. Fourth quarter charges are expected to total
approximately
$1. Beginning in June 2005
and ending in September, accelerated depreciation of
nearly $.1 million and $.8 million for the third
quarter and $4.8
Income taxes
(9.2 29.3 1.
Catherine Carver, M. Foods that are high in saturated fat,
such
as beef, pork, lamb and high-fat dairy products (cream cheese,
whole milk) should be eaten in small
amounts.org/Guidelines/Nutrition_ClinGuide.cereals concessionaires
6
Snack Nuts + Candy 5.9
23.8
Total Segment Profit Contribution 37.7) (12. 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. Management expects continued softness in
co-manufacturing at both Ralston Foods and Bremner in the fourth quarter. Profits were helped by
savings derived from
previously initiated cost reduction projects (including over $.5 million) -
-
were offset by certain favorable cost items.
The segment's third quarter and nine-month profit
contribution improved
$.1 million for fiscal 2005 and $5.
Additional Information
See the attached schedules for additional information regarding the
Company's results and financial
position.1 million of other
related charges. 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. The
projects began during fiscal 2003 and
are expected to continue through fiscal
2006.4) (1.
CONDENSED CONSOLIDATED
BALANCE SHEET
(In millions)
June 30, Sep.2
Total Liabilities and Shareholders' Equity
$1,252.D. Scientific data reveal that eating more protein helps
people feel "full" and thus causes
people to eat less calories
overall. Remove the extra space if one
exists.certifies cmac
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