Flowers Foods sees 2013 net sales 'strong double digits' Flowers Foods in investor presentation slides said it sees 2013 net sales "strong double-digits" and 2013 earnings "strong." The company said its Q1 net sales are tracking up 20%-25% while its earnings are tracking "strong." Flowers Foods listed its long-term growth objectives as 5%-10% net sales growth, 11%-13% EBITDA margin, and earnings in "double-digits."
Flowers Foods raises repurchase authorization by 7.1M shares Flowers Foods says its board increased the company's share repurchase authorization by 7.1M shares. At the close of the company's Q3, 7.9M shares remained under the existing authorization. With the board's action today, the current authorization increases to 15M shares.