US bakery Tasty Baking has reported a fourth-quarter loss, citing higher promotional spending, a shift in its product and sales mix and one-time charges.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The Philadelphia-based maker of Tastykake snack cakes posted a net loss of US$6m, compared with a profit of $652,000 for the year-ago period.

The results included an after-tax restructuring charge of $3m and a pension expense of $2.8m, reported Reuters.

The company’s net sales for the fourth quarter rose slightly to $39.5m from $39.3m in the year-ago period.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now