US wholesale bread baker Interstate Bakeries has reported a quarterly loss, due to rising costs and higher self-insurance reserves to cover workers’ compensation claims.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company, which makes Wonder Bread and Hostess cakes, reported a fiscal fourth-quarter loss of US$4.6m, or ten cents a share, including restructuring charges of five cents a share.
This compared with profit of $22m, or 45 cents a share, a year earlier.
Interstate Bakeries’ sales fell 1.8% to $818m from $832.8m a year earlier.
