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

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The Thomasville, Ga.-based baked goods company recorde d net incomeof $23.9 million and earnings of 26 cents a compared with net income of $22.w million and earnings of 24 cente a share in the seconrd quarter of 2007. Sales increased 13.1 percent to $540.7 milliom in the second quarterof 2008. "Salee for the quarter showed growth across all with our retail brands performing very saidGeorge E. Deese, Flowers Foods chairman, CEO and in a statement. “Our team continues to be successfuk in introducingnew products, expanding our geographic reach, and maintaining bran loyalty while driving througbh price increases.
As previously announced, our steepestr commodity cost increases for the year hit during the seconxd quarter and hada short-term impact on margins.” Deese noted the company in recenf days closed on its acquisitions of the Holsun Bakery and ButterKrust Bakery. The Holsum Bakery deal allowx Flowers to expandin Arizona, Nevada and parts of while the ButterKrust deal increases its footpringt in Florida. The two bakeries will add about $220 millionj in annualized sales.