Ralcorp begins restructuring initiative

2012-08-01T17:11:00Z 2012-09-27T07:54:30Z Ralcorp begins restructuring initiativeBY KAVITA KUMAR • kkumar@post-dispatch.com > 314-340-8017 stltoday.com

St. Louis-based Ralcorp Holdings said today that it has started a strategic restructuring initiative to cut costs and improve effectiveness.

The company is consolidating its existing cereal, pasta, and snacks, sauces and spreads business into a single center-store private brand food company. Ralcorp said the move should save the company about $26 to $31 million in fiscal 2013.

Ralcorp also announced preliminary earnings for its third quarter with net sales up 11 percent and earnings per share rising to 54 cents a share, up from 28 cents a share in the same period last year.

Kavita Kumar covers retail and consumer affairs for the Post-Dispatch. She blogs on Consumer Central. On Twitter, follow her @kavitakumar and the Business section @postdispatchbiz.

Copyright 2015 stltoday.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

ACTIVATE YOUR DIGITAL SUBSCRIPTION
Get weekly ads via e-mail
LOCAL OFFERS