Tootie Pie Company Sales Up 53% for January and B&G Foods Delivers Strong Net Sales and Earnings Growth for Fourth Quarter and Full-Year 2010

Mar. 3, 2011 – Consumer Goods industry alert provided by U.S. Equity News. Tootie Pie Company, Inc. TOOT announced that sales for January 2011 were up 53% versus January 2010. The Company also reported sales increases for fifteen months in a row. “Our Tootie Pie Gourmet Cafés have us off to a great start, providing a sales boost during a normally slower time of year,” said Don Merrill, President & CEO. “They are the centerpiece of our accelerated growth plans.”

For additional information visit: http://www.smallcapvoice.com/toot/factsheet.html

B&G Foods, Inc. BGS recently reported financial results for the fourth quarter and full-year 2010.

Highlights

• Net sales increased 4.6% to $141.9 million for the quarter and 2.5% to $513.3 million for the year
• Net income increased more than 100% for the quarter to $14.3 million and 85.6% for the year to $32.4 million
• Diluted earnings per share increased 866.7% to $0.29 for the quarter and 52.3% to $0.67 for the year
• Adjusted diluted earnings per share* increased 100% to $0.28 for the quarter and 47.5% to $0.90 for the year
• EBITDA* increased 28.7% to $32.8 million for the quarter and 16.2% to $119.7 million for the year
• The Company expects to deliver 2011 EBITDA of $123.0 million to $126.0 million

“Our record-breaking fourth quarter results capped a remarkable year for B&G Foods,” stated David L. Wenner, President and Chief Executive Officer of B&G Foods. “Unit volume and net pricing gains, cost reductions and a favorable sales mix combined to lift our quarterly and annual EBITDA to record levels thanks to the efforts of our sales, manufacturing and marketing teams. Earnings per share also set a company record, with adjusted diluted earnings per share reaching $0.90 for the full year. Our balance sheet is as strong as it has ever been, with our EBITDA to net debt leverage ratio at an all-time low. The Board of Directors' recent decision to raise the dividend rate by 24% reflects our present strength and confidence in the 2011 outlook for our business.”

Dean Foods Company DF announced on February 23rd, that the promotion of Tommy Zanetich, 59, to Executive Vice President, Human Resources, Dean Foods, effective immediately. “Tommy is a strong leader with an outstanding ability to develop and motivate people, bring teams through significant change and align HR strategy with business strategy,” said Gregg Engles, Chairman and CEO. “Dean Foods will benefit from his wealth of experience and practical approach as we accelerate our efforts to take cost out of the system and build necessary capability,” added Engles.

PepsiCo PEP recently announced a partnership with theDowntownDC Business Improvement District (BID) and the District Department of Public Works (DPW) that will make Washington, D.C. the nation's first city to partner with the Dream Machine recycling initiative. A total of 363 recycling bins will be placed throughout the DowntownDC BID area, offering a convenient and rewarding recycling option for people while they are on-the-go and advancing the BID's Greening Downtown DC initiative.

(Photo: http://photos.prnewswire.com/prnh/20110301/NY56674)

PepsiCo's Dream Machine recycling initiative, which aims to place both interactive kiosks and bins, was created in partnership with Waste Management WM and Keep America Beautiful.

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Source: U.S. Equity News (March 3, 2011 – 2:34 PM EST)