US snack cake maker Tasty Baking has reported net income for fiscal 2004 of $1.8m, compared with a net loss of $2.4m for fiscal 2003.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
For the fiscal year ended December 25, 2004, gross sales were $259.0m, compared to $250.6m for the same period last year, an increase of 3.3%. Net sales for the fiscal year ended December 25, 2004, were $159.1m, equal to net sales in 2003.
“In 2004, we have aggressively pursued our strategic transformation plan to position Tasty Baking Company for long-term sustainable growth,” said Charles P. Pizzi, president and chief executive officer. “During the year, we introduced new and exciting packaging across the Tastykake product line, launched more than a dozen new products, including the new sugar-free Tastykake Sensables product line, and continued our focus on growing the company’s core route sales.”
