date:May 28, 2012
foodservice and contract manufacturing, blamed higher input costs for an 8% drop in net income over the same period to $37.9m.
Headwinds from our input costs
Deese added: Headwinds from our input costs[mainly flour, shortening, oil, sugar]were a significant factor that impacted the bottom line and put pressure on our margins.
Consumers, meanwhile, were still under pressure, he said.
Theyre not making probably the impulse purchases that maybe they did in the past; but on the other side, were