US wholesale baker Interstate Bakeries Corporation has said that based on preliminary results for its fiscal third quarter ended 6 March, it expects to report a net loss for the quarter of approximately 8 to 12 cents per diluted share.
Go deeper with GlobalData
The company expects to report a net sales decline of approximately 2.5% from the prior year. The estimated results for the latest quarter include anticipated restructuring charges of approximately $1.5m, or 2 cents per share, as compared to the prior year’s third-quarter restructuring charges of $5m, or 7 cents per diluted share.
The Kansas City, Missouri-based company is scheduled to release its quarterly results on 15 April.
Interstate Bakeries is the nation’s largest wholesale baker and distributor of fresh baked bread and sweet goods. The company’s brands include Wonder, Hostess, Dolly Madison, Merita and Drake’s.
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.
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
