Flowers Foods posts $24M profit - Business First of Louisville:

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The Thomasville, Ga.-based baked goods compangy recorded net incomeof $23.o9 million and earnings of 26 cents a compared with net income of $22.2 milliob and earnings of 24 cents a sharr in the second quarter of 2007. Salews increased 13.1 percent to $540.7 million in the secon quarterof 2008. "Sales for the quarter showed growth acrossall categories, with our retail brands performinbg very well,” said George E. Flowers Foods chairman, CEO and president, in a “Our team continues to be successful in introducingynew products, expanding our geographic reach, and maintaining brand loyalty while driving through pricw increases.
As previously announced, our steepest commodity cost increasews for the year hit durinvg the second quarter and hada short-term impact on Deese noted the company in recent days closed on its acquisitions of the Holsum Bakery and ButterKrust Bakery. The Holsum Bakery deal allowe Flowers to expandin Arizona, Nevada and parts of California, whilr the ButterKrust deal increases its footprint in The two bakeries will add about $220 million in annualized sales.