date:Aug 19, 2013
US-based producer of packaged bakery goods Flowers Foods has reported a 64% rise in second-quarter earnings to $46.5m, compared with $28.4m for the same period in 2012.
The net earnings were driven by the company's recent acquisitions of Lepage Bakeries and some of Sara Lee's bread brands in California, which also helped boost the packaged-baked-goods company's revenue and sales volume, the company said.
For the quarter ended 13 July 2013, net sales increased 32% to $898.2m, compared with $681