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Despite Jump in Commodity Costs, Flowers Foods Posts 8% Rise in Second-Quarter Net Income
SUGAR LAND--August 15, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a sharp increase in commodity costs, Flowers Foods Incorporated (NYSE:FLO) (Thomasville, Georgia) announced in a conference call on August 14 that its second-quarter net income jumped almost 8% to $23.9 million compared with the same period last year. "Sales for the quarter showed growth across all categories, with our retail brands performing well," George Deese, Chairman, CEO and President of Flowers Foods, said in a statement. Industrial Info is tracking two active Flowers Foods projects: the new $52 million Bardstown Bakery in Kentucky and the new $50 million Groveland Bakery in Florida.
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Industry Segment: Food & Beverage
Word Count: 383 Words
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