Interstate Bakeries has announced that based on preliminary results net sales for its fiscal second quarter to 15 November were down around 1% from the prior year.
The Kansas City, Missouri-based company also said that operating income is projected to be approximately 30% lower than the prior year.
Interstate Bakeries said in a statement that operating results for the latest quarter include restructuring charges of approximately US$2m associated with the closure of the company’s Grand Rapids, Michigan bakery, and restructuring activities initiated in the prior fiscal year. Additionally, the company said its anticipated results include a second quarter year-on-year interest expense reduction of approximately $1m.
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.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
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
Interstate Bakeries is a wholesale baker and distributor of fresh baked bread and sweet goods, under various brand names, including Wonder, Hostess, Dolly Madison, Merita and Drake’s.