Baked goods group Flowers Foods has reaffirmed its guidance for the 2007 fiscal year of sales growth of up to 8%.
Go deeper with GlobalData
At an analysts’ briefing, the company said it was forecasting sales of between $2.02bn to $2.04bn and net income from continuing operations of between $84.8m and $93.8m.
“Our company is achieving solid sales and earnings growth,” said chairman, CEO and president George Deese. “We continue to offer bakery products that meet consumers’ needs, to execute well in the marketplace, and to improve efficiencies throughout our company.
“In the face of higher input costs for ingredients and other items, our team focuses on taking costs out of our business before increasing our prices to retail and foodservice customers.”
