THOMASVILLE, Ga. — At an event hosted for financial analysts yesterday, executives of Flowers Foods (NYSE: FLO) provided an overview of the company's growth and operations strategies. Held at Flowers' newest bakery in Bardstown, KY, the session also featured a tour of the state-of-the-art facility.
"Our ongoing job is to create value for shareholders, and our team always looks ahead to growth opportunities that will do just that," George E. Deese, chairman of the board and chief executive officer, told those attending the event and listening to the live Internet webcast. "We have opportunities to continue improving our business by making our bakeries and our processes more efficient. We have opportunities to grow with innovative new products, through market expansion, by growing with our existing and new customers, and by making bolt-on acquisitions to extend our geographic reach and enhance our product offerings. While the marketplace dynamics and competitive landscape have changed of late, I am confident in Flowers Foods' ability to execute our proven strategies effectively," Deese said.
Participating along with Deese were R. Steve Kinsey, executive vice president and chief financial officer; Allen L. Shiver, president of Flowers Foods; and Bradley K. Alexander, president of Flowers Bakeries. Other members of senior management and operations management also participated in the day's events. Following the company's presentation, the analysts also toured a local supermarket and reviewed Flowers' in-store merchandising.
Flowers Foods broadcast the event live over the Internet on September 22, 2010. The archived presentation can be accessed on the company's Web site www.flowersfoods.com.
Company Information
Headquartered in Thomasville, Ga., Flowers Foods is one of the nation's leading producers and marketers of packaged bakery foods for retail and foodservice customers. Among the company's top brands are Nature's Own, Whitewheat, Cobblestone Mill, Blue Bird, and Mrs. Freshley's. Flowers operates 40 bakeries that are among the most efficient in the baking industry. Flowers Foods produces, markets, and distributes fresh bakery products that are delivered to customers daily through a direct-store-delivery system serving the Southeast, Mid-Atlantic, and Southwest as well as select markets in California and Nevada. The company also produces and distributes fresh snack cakes and frozen breads and rolls nationally through warehouse distribution. For more information, visit www.flowersfoods.com.
Statements contained in this press release that are not historical facts are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Other factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company's prospects in general include, but are not limited to, (a) competitive conditions in the baked foods industry, including promotional and price competition, (b) changes in consumer demand for our products, (c) the success of productivity improvements and new product introductions, (d) a significant reduction in business with any of our major customers including a reduction from adverse developments in any of our customer's business, (e) fluctuations in commodity pricing, (f) our ability to fully integrate recent acquisitions into our business, and (g) our ability to achieve cash flow from capital expenditures and acquisitions and the availability of new acquisitions that build shareholder value. In addition, our results may also be affected by general factors such as economic and business conditions (including the baked foods markets), interest and inflation rates and such other factors as are described in the company's filings with the Securities and Exchange Commission.
Source: Flowers Foods
