Farms and Land in Farms USDA Report, February 21, 2021 : The Prowers Journal theprowersjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theprowersjournal.com Daily Mail and Mail on Sunday newspapers.
Nature s Own,
Dave s Killer Bread,
Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today reported financial results for the company s 53-week fiscal 2020 and 13-week fiscal fourth quarter ended January 2, 2021.
Fiscal 2020 Summary:
Sales increased 6.4% to $4.388 billion. The additional week contributed 1.8%.
Net income decreased 7.4% to $152.3 million. Adjusted net income increased 36.1% to $278.0 million.
Adjusted EBITDA(1) increased 23.4% to $521.7 million, representing 11.9% of sales, a 160-basis point increase.
Diluted EPS decreased $0.06 to $0.72. Adjusted diluted EPS(1) increased $0.35 to $1.31. The additional week contributed $0.02.
Fourth Quarter Summary:
Sales increased 11.5% to $1.023 billion. The additional week contributed 8.2%.
Net income increased $53.6 million to $55.8 million. Adjusted net income increased 55.3% to $59.1 million.
Adjusted EBITDA(1) increased 34.3% to $113.5 million, representing 11.1% of sales, a 190-basis point inc