Results of Operations The following table sets forth certain data from our statement of income, expressed as a percentage of revenues, for each of the periods presented.

Fiscal Year ended September 30, 2001 compared to Fiscal Year ended September 30, 2000 Recent Developments On November 13, 2000, we purchased the Mueller’s brand pasta business from Bestfoods. Mueller’s is one of the largest pasta brands in the United States, with particularly strong distribution in the eastern part of the country. The acquisition encompassed the trademarks and goodwill associated with the brand, the customer accounts and relationships, and certain tangible assets, primarily inventory. Total consideration for the purchased assets, excluding approximately $5.2 million paid for tangible assets, was approximately $38.2 million, consisting of $17.6 million in cash and 686,666 shares of common stock valued at $30 per share.

The acquisition has been accounted for as a purchase. The proforma financial results are not materially different than the reported results. On July 16, 2001, we purchased seven pasta brands from Borden Foods for $67.5 million, plus inventory, in a cash transaction. We acquired the Anthony’s®, Globe “A1”®, Luxury®, Mrs. Grass®, Pennsylvania Dutch®, R&F®, and Ronco® brands, in addition to certain tangible assets. No manufacturing assets were included in the transaction. We have agreed to honor Borden’s marketing commitments through December, 2001; therefore, any major strategic changes to the business will not occur before the second quarter of our fiscal year 2002.

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