US packaged bakery foods maker Flower Foods has reiterated its 2004 sales and earnings guidance and said it is on the lookout for potential acquisitions.


The company backed its previous guidance for fiscal 2004 of an estimated US$1.45bn to $1.5bn in sales, and income of 3.75% to 4% of sales.


George E. Deese, president and chief executive officer, said the company expects to grow organically and through acquisition. New products and expansion of the territory served by the company’s direct-store-delivery routes (DSD) were cited as part of the plan for internal growth.


The company said it would consider acquisitions of all sizes, but it is particularly targeting fresh bakery companies with sales ranging from $10m to $100m as well as frozen bread and roll and snack cake companies with sales of $10m to $35m as part of its growth plan.


“We are constantly reviewing potential acquisitions,” Deese said. “We look for both an operational and financial fit that will enhance our ability to build shareholder value over time.”

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.

In February 2003 the company introduced its Nature’s Own Wheat ‘n Fiber bread for carb-conscious consumers, and has now said it expects to introduce additional products aimed at consumers following reduced-carb diets.