date:May 17, 2013
The integration of Lepage Bakeries in the Northeast and Sara Lee in California combined with substantial sales increases across all channels to propel first-quarter earnings at Flowers Foods, Inc. Net income in the quarter ended April 20 was $113,275,000, equal to 81c per share on the common stock, up sharply from $37,943,000, or 28c per share, in the first quarter of 2012.
Adjusted for a bargain purchase accounting gain and acquisition-related costs, earnings were up 71% to $64,899,000.
Quart