date:May 16, 2014
Facing challenging comparisons with year-ago figures due to the relaunch of Hostess snack cakes in 2013, quarterly sales at Flowers Foods, Inc. rose modestly while adjusted earnings edged downward.
Net income at Flowers Foods in the first quarter ended April 19 was $61,066,000, equal to 29c per share on the common stock, down 45% from $112,026,000, or 53c per share in the first quarter of 2013. Net sales were $1,159,760,000, up 2.6% from $1,130,810,000 a year earlier.
Excluding a $50.1 million