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Organic wheat prices weigh on Annie’s bottom line
date:Jun 04, 2014
Although it was able to turn in record sales and earnings during fiscal 2014, bottom-line results fell short of expectations at natural and organic foods maker Annies. One of the main culprits: organic wheat.

Whereas conventional wheat prices declined in our fiscal year, we experienced organic wheat inflation in the teens, significantly higher than we originally expected, John Foraker, co-founder, chief executive officer and director of Annies, explained to analysts during a May 29 conference c

12/21 19:01