Difficult environment evident in Flowers results and guidance

摘要

After reporting financial results that, while reflecting moderate earnings growth, failed to meet the company's targets, Flowers Foods, Inc. on Feb. 8 revised downward its earnings guidance for fiscal 2011. Net income at Flowers for the year ended Jan. 1 was 137,047,000, equal to 1.49 per share on the common stock, up 5% from 130,297,000, or 1.41 per share, in 2009. Net sales were 2,573,769,000, down 1% from 2,600,849,000 in 2009. "Flowers Foods delivered solid earnings growth for the quarter and theyear, and we again achieved record earnings per share for the year," said George E. Deese, chairman and chief executive officer.