US packaged bakery goods producer Flowers Foods has posted a rise in quarterly net income as sales were boosted by an acquisition in Texas.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company reported net income of US$14.6m, or 33 cents per share, for the third quarter ended 9 October, compared to $12.5m, or 27 cents per share, for the third quarter of 2003.


Sales for the third quarter increased 11.5% to $371.4m. Volume contributed 5.7% of the sales increase, pricing made up 4.5%, and a favourable product mix shift contributed 0.3%.


Increased sales in the foodservice channel, part of which resulted from an acquisition in Texas during the quarter, led the increase. In addition, the Nature’s Own brand of soft variety bread continued to show strong growth and sales of the company’s line of snack cake products, primarily under the Mrs. Freshley’s brand, also increased.


“Our continued growth is made possible by our strong brands, the quality of our products, and our exceptional service in the marketplace, which was especially reflected this quarter in those areas impacted by hurricanes,” president and CEO George Deese said.

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.

“Our Nature’s Own breads continued to perform very well in the retail sales channel. In addition, sales were up across all other distribution channels during the quarter. New products, new territories, and the Texas acquisition drove the sales increase, continuing the trend we have seen throughout the year,” he added.


During the third quarter, the company completed the acquisition of a closed bakery in Houston and a foodservice customer list from Sara Lee Bakery Group.