Flowers Foods, the US bakery group, has revised long-term targets for sales and earnings.

After 2016, Flowers Foods said it expects to be able to grow net sales by 2-4% a year, excluding acquisitions, down from a previous target of growth of 3-5%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company set a new target for earnings per share to rise each year by 8-10%, compared to a previous target for at least “double-digit” growth.

Flowers Foods also published a new long-term goal for EBITDA margins to increase 12-14% each year, up from 11-13%.

The group, which has had moving into new parts of the US as a central part of its strategy in recent years, said the new targets reflected its “focus on its existing footprint and margin expansion”.

See Also:

President and CEO Allen Shiver added: “Going forward, we are focused on developing our existing geographic footprint, driving growth from our organic brands and other underdeveloped segments, and improving promotional and operational efficiencies. While our revised long-term targets now exclude acquisitions, M&A will continue to be an important part of our growth strategy as we seek to identify opportunities that expand our margins and enhance our brand portfolio.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Meanwhile, next week, Flowers Foods will start the national roll-out of its recently-acquired organic bread brand Dave’s Killer Bread on the company direct-store-delivery network. Flowers Foods said the move would open up around 9,000 new stores for the products.

Flowers Foods acquired Oregon-based Dave’s Killer Bread for US$275m last year.