date:May 16, 2014
ident and chief financial officer, said the first half of 2014 offers challenging year-over-year comparisons for Flowers cake business due to Hostess cake relaunch in mid-2013 and the carrying costs for the acquired facilities.
Despite the challenging start, Flowers said it continues to expect 2014 sales of $3.976 billion to $4.126 billion, up 6% to 10% from 2013. Similarly, the companys earnings per share target was left unchanged at 98c to $1.05 per share, up 7.7% to 15.4% (in a 53-week fisc