Flowers Foods, Inc. (NYSE:FLO) reported sales and earnings for its 12 and 28 weeks ended July 16, 2011. Taking into consideration the 3-for-2 stock split that was effective June 24, 2011, highlights of the quarter were: Completion of the acquisition of Tasty Baking Company, adding annualized sales of approximately $200 million. Earnings per share of $.21 compared to $.24, a decrease of 12.5% from the second quarter last year. Excluding one-time charges related to the Tasty acquisition, earnings per share were $.23, a decrease of 4.2%.
Read more at http://crwefinance.com/?p=20150