date:May 26, 2012
This was the companys second earnings report since it was spun off in February from Ralcorp Holdings.
Net sales during the quarter ended March 31 were $250.5 million, down 3% from $259 million in the same period a year ago. The sales decline primarily reflected an 8% decline in overall volumes, which partially was offset by higher net selling prices.
The company said sales for its Honey Bunches of Oats and Pebbles brands declined 2.4% and 6.7%, respectively, during the second quarter.
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