Flowers Foods Reports Q4 EPS of $.34 vs. $.39

Flowers Foods, Inc. FLO, earlier today reported results for its fourth quarter and fiscal year ended January 1, 2011. Fourth quarter sales decreased .6% to $573.1 million from the $576.8 million reported for last year's fourth quarter. Reported diluted earnings per share of $.34 for the quarter, an increase of 3.0%, and $1.49 for fiscal 2010, an increase of 5.7% (7.2% excluding a $.02 gain on acquisition recorded last year).