Flowers feels pressure from Hostess cake relaunch
date:May 16, 2014
s compared to the year-ago quarter and costs associated with new market expansion also had a negative effect on income from operations.

Shifting snack cake market dynamics were especially evident in the Warehouse Delivery segment. EBIT in the segment was $14,109,000, down 23% from $18,403,000. Sales were $190,795,000, down 8% from $208,048,000.

Sales through warehouse delivery decreased 8.3%, reflecting positive net price/mix of 2.6% and volume decreases of 10.9%, the company said. Overall, th
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05/21 05:15