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Flowers sees no lack of competition in baking
date:Mar 26, 2013
gh the Flowers direct-store delivery system, he said.

While assuming higher levels of debt has been necessary to allow growth, Flowers continues to pursue an investment grade credit rating, said R. Steven Kinsey, executive vice-president and chief financial officer.

In 2012, we did see leverage jump as we financed our Lepage acquisition, he said.

He said the company is in advanced talks aimed at financing the Hostess transaction.

While Flowers still is not yet prepared to issue earnings guid

12/24 19:08