date:Nov 22, 2012
Stronger sales of biscuits, cookies and crackers offset lower revenues from bread to help Weston Foods to an 8% increase in adjusted operating income in the third-quarter ending 6 October.
Weston Foods, a division of ABF-owned George Weston Foods, said that adjusted operating profit reached $94 million. Operating profit was up 48% to C$114 million after a change in the fair value adjustment of commodity derivatives and share-based compensation net of equity derivatives.
Net sales were down 1%