date:Aug 14, 2012
Branded cereal business Post Holdings was spun-off from private label firm Ralcorp in February this year, although Ralcorp still holds a 20% stake.
Post reported a 2% fall in sales for the quarter ended June 30 to $241.9m. Its profits were also hit. Adjusted EBITA stood at $61.4m, a drop of 5% compared to the same period last year.
The company put the results down to volume declines and flat growth in the ready to eat cereal category.
Posts former controlling owner Ralcorp also experienced a