date:May 19, 2014
n numerous fronts was the principal highlight of the conference call.
As previously reported, 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 bargain purchase price gain during the year earlier period, net income in the first quarter of 2014 was