US bakery group Flowers Foods has posted rising first-half profits as sales rose amid prices hikes and a change in range mix.

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The company today (16 August) booked a 20.7% leap in operating income to US$50.7m for the six months to 14 July.


Sales rose 7.8% to just over $1bn despite a reduction in volume during the second quarter as Flowers upped prices and switched its focus from single unit cakes to multi-pack cakes.


“Pricing helped offset higher ingredient costs and we are working to improve efficiencies to recover gross margin,” Flowers chairman, CEO and president George Deese.


“Our new production lines, which are strategically located to serve our growth markets, operated well and helped reduce our selling and distribution expenses.”

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