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Flowers Foods Inc Announces Results 2014 Q4 And FY Results
February 14, 2015 | Flowers Foods Press Release
TAGS: vending, bakery news, Flowers Foods Inc., Flowers fourth quarter, Wonder bread, Home Pride, Mrs. Freshley's |
PRESS RELEASE
Source: Flowers Foods Inc. | Released Feb. 12, 2015 THOMASVILLE, GA -- Feb. 12 --Flowers Foods Inc., the nation's second-largest producer and marketer of fresh packaged bakery foods, today reported results for its 13-week fourth quarter and 53-week fiscal year ended January 3, 2015.Fourth Quarter Highlights
For the 13-week fourth quarter of fiscal 2014, sales increased 4.4% compared to the 12-week fourth quarter last year. This increase reflected the impact of the additional week, which increased sales by 7.5%, negative net price/mix of 0.5%, and decreased volume of 2.6%.
Adjusted earnings before income taxes, depreciation, and amortization (EBITDA) for the quarter improved to 10.6% of sales as compared to 10.3% of sales during last year's fourth quarter.
Sales of the acquired bread brands -- Wonder, Home Pride, Merita, and Butternut -- continued to grow sequentially, driving sales in our expansion markets, which contributed 1.6% to overall sales growth during the quarter (1.1% excluding week 53).
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