Kansas City / MO. (ibc) Interstate Bakeries Corporation (IBC) says that it posted a profit in the month ended June 30, reversing losses in previous months. It was just the third monthly profit for the maker of Twinkies and Wonder Bread in almost three years.
Riga / LV. (tbt) Gone are the days when each Baltic village had its own unique style of bread, however, and the market today is dominated by large multinational companies. All three Baltic states have recently seen a rapid consolidation of bakeries, with the few largest companies controlling ever greater shares of the market and many smaller bakeries being forced to close their doors, the Baltic Times describes the market.
Bolton / UK. (wbl) Family baking firm Warburtons Limited has seen a dip in profits due to the rising cost of wheat. The bakery saw a strong increase in sales last year as it completed its transformation from a regional player into a national bread maker.
Southport / AU. (rfg) Australian Retail Food Group Limited (RFG) advises that Brumby´s Bakeries Holdings Limited (Brumby´s) is now de-listed and removed from the official list of the Bendigo Stock Exchange. On conclusion of the offer period, RFG holds now 99,87 percent of the shares in Brumby´s.
Burlington / VT. (be) Bruegger’s Enterprises Inc. reports that second quarter system-wide gross sales were 42,11 million USD. Compared with 38,12 million USD in 2006, marking a 10,5 percent increase. Revenue for comparable sales grew 4,9 percent at company locations and 3,8 percent system-wide for the second quarter ending July 10.
Limassol / CY. (cm) ALL bakeries will increase their prices by due to the international increase in wheat prices, the «Cyprus Mail» gives us a short definition about the bread market in Cyprus.
Nairobi / KE. (aa) The Bakers Association of Kenya is crying foul over the increase of excise duty on imported wheat, AllAfrica reports. Over 20 bread manufacturing companies have urged the Finance minister to either reduce or abolish the 35 percent excise duty levied on the imported hard wheat used to bake bread.
Toronto / CA. (nw) Canada Bread Company Limited announces its financial results for the second quarter ended June 30. «A 17 percent increase in wheat costs slowed our growth in the second quarter», says President and CEO Richard Lan.
Giurgiu / RO. (zf) Milling and bakery producer Farinsan Company posted a seven-million-euro turnover in the first six months of the year, up 70 percent against the same time last year.
Battle Creek / MG. (kc) Kellogg Company reports excellent second quarter sales, operating profit, earnings, and cash flow growth. The company posted better-than-expected results despite continued inflation and a difficult competitive environment.