Milling & Baking News - December 23, 2003 - (Page 1) Theinewsweeklyiofigrain-basedifoods bakingbusiness.com / world-grain.com I.B.C. preparing super premium, reduced-carbohydrate bread lines KANSAS CITY - Interstate Bakeries Corp. is preparing to introduce a line of super premium bread varieties as well as a reducedcarbohydrate bread, said James R. Elsesser, chairman and chief executive officer. "The super premium category has an approximate 27% dollar share of the fresh bread category and volume has grown approximately 3% over the last year," Mr. Elsesser said in a Dec. 18 quarterly conference call. That robust sales performance contrasts with a 2.9% decrease in unit bread volume at I.B.C. in the second quarter ended Nov. 15. Combined with a 6.2% decline in sweet SPECIALTY BREAKFAST product perspective goods unit volume in the quarter, company sales decreased 1.1%. The reduced sales volume, and higher energy and employe-related costs, resulted in net income slipping 39% in the quarter. "We expect to enter the super premium bread category before the end of our current fiscal year," Mr. Elsesser said. The line should be in full distribution within two months after its introduction to the retail trade in January, he said. Introduction of the super premium bread line is not expected to affect the company's joint venture with Pepperidge Continued on Page 13 G.M.A. cautions on need for realistic food labeling changes WASHINGTON - Changes to the Nutrition Facts box in packaged food labeling should reflect realistic dietary patterns for healthy Americans, the Grocery Manufacturers of America said in response to a report from the Institutes of Medicine calling for an update of food nutrition labeling. "Setting overly restrictive nutrition standards could discourage Americans from making simple improvements to their diets," Alison Kretser, director of scientific LATE nutrition policy at the G.M.A., said of the National Academy of Sciences' report on nutrition labeling in the United States and Canada (see Milling & Baking News of Dec. 16, Page 8). "Revisions to the Nutrition Facts box - along with the U.S. Dietary Guidelines and the Food Guide Pyramid - represent an opportunity for the federal government and the food industry to help consumers Continued on Page 17 NEWS Kellogg ups guidance, to take charges BATTLE CREEK, MICH. - Kellogg Co. on Dec. 18 raised its earnings guidance for the year ending Dec. 30 to $1.90 to $1.92 per share. The new range is 1c per share higher than previous guidance. The announcement followed by one day the lowering of earnings guidance by General Mills, Inc. (See related story on Page 12.) At the same time, Kellogg said it will incur charges of 7c to 9c per share in the fourth quarter in various Continued on Page 10 inside DECEMBER 23, 2003 NEW A GENERATION Story on Page 27 Management shuffle leaves Deromedi as sole Kraft c.e.o. NORTHFIELD, ILL. - Roger K. Deromedi has been named the sole chief executive officer of Kraft Foods Inc., revamping a management structure in which he had shared the c.e.o. position with Betsy D. Holden. According to Kraft, Ms. Holden will remain with the company in an unspecified "global leadership position" and will retain her spot as a member of the Kraft board of directors. In addition to losing her co-c.e.o. title, Ms. Holden no longer will be president of Kraft Foods North America. Because her new position was not detailed and no new president of Kraft North America was named, the announcement last week fueled speculation that further restructuring will be forthcoming. The nation's largest food company, Kraft Foods has struggled financially in recent months. In the third quarter ended Sept. 30, the Continued on Page 20 THIS WEEK Parmalat may sell U.S. cookie business 11 Ingredient Strong wheat exports cut into carryover David E. Gardner dies; headed Nickles Week 14 18 34 http://www.bakingbusiness.com http://www.world-grain.com Table of Contents for the Digital Edition of Milling & Baking News - December 23, 2003 Contents Milling & Baking News - December 23, 2003 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_09_11 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_24 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_08_14 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_31 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_17 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_07_03 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_19 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_06_05 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_22 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_05_08 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_24 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_04_10 http://digitalmbn.bakingbusiness.com/sosland/mbn/2018_03_27 http://www.nxtbook.com/sosland/mbn/2018_03_13 http://www.nxtbook.com/sosland/mbn/2018_02_27 http://www.nxtbook.com/sosland/mbn/2018_02_13 http://www.nxtbook.com/sosland/mbn/2018_01_30 http://www.nxtbook.com/sosland/mbn/2018_01_16 http://www.nxtbook.com/sosland/mbn/2018_01_02 http://www.nxtbook.com/sosland/mbn/2017_12_19 http://www.nxtbook.com/sosland/mbn/2017_12_05 http://www.nxtbook.com/sosland/mbn/2017_11_21 http://www.nxtbook.com/sosland/mbn/2017_11_07 http://www.nxtbook.com/sosland/mbn/2017_10_24 http://www.nxtbook.com/sosland/mbn/2017_10_10 http://www.nxtbook.com/sosland/mbn/2017_09_26 http://www.nxtbook.com/sosland/mbn/2017_09_12 http://www.nxtbook.com/sosland/mbn/2017_08_29 http://www.nxtbook.com/sosland/mbn/2017_08_15 http://www.nxtbook.com/sosland/mbn/2017_08_01 http://www.nxtbook.com/sosland/mbn/2017_07_18 http://www.nxtbook.com/sosland/mbn/2017_07_04 http://www.nxtbook.com/sosland/mbn/2017_06_20 http://www.nxtbook.com/sosland/mbn/2017_06_06 http://www.nxtbook.com/sosland/mbn/2017_05_23 http://www.nxtbook.com/sosland/mbn/2017_05_09 http://www.nxtbook.com/sosland/mbn/2017_04_25 http://www.nxtbook.com/sosland/mbn/2017_04_11 http://www.nxtbook.com/sosland/mbn/2017_03_28 http://www.nxtbook.com/sosland/mbn/2017_03_14 http://www.nxtbook.com/sosland/mbn/2017_02_28 http://www.nxtbook.com/sosland/mbn/2017_02_14 http://www.nxtbook.com/sosland/mbn/2017_01_31 http://www.nxtbook.com/sosland/mbn/2017_01_17 http://www.nxtbook.com/sosland/mbn/2017_01_03 http://www.nxtbook.com/sosland/mbn/2016_12_20 http://www.nxtbook.com/sosland/mbn/2016_12_06 http://www.nxtbook.com/sosland/mbn/2016_11_22 http://www.nxtbook.com/sosland/mbn/2016_11_08 http://www.nxtbook.com/sosland/mbn/2016_10_25 http://www.nxtbook.com/sosland/mbn/2016_10_11 http://www.nxtbook.com/sosland/mbn/2016_09_27 http://www.nxtbook.com/sosland/mbn/2016_09_13 http://www.nxtbook.com/sosland/mbn/2016_08_30 http://www.nxtbook.com/sosland/mbn/2016_08_16 http://www.nxtbook.com/sosland/mbn/2016_08_02 http://www.nxtbook.com/sosland/mbn/2016_07_19 http://www.nxtbook.com/sosland/mbn/2016_07_05 http://www.nxtbook.com/sosland/mbn/2016_06_21 http://www.nxtbook.com/sosland/mbn/2016_06_07 http://www.nxtbook.com/sosland/mbn/2016_05_24 http://www.nxtbook.com/sosland/mbn/2016_05_10 http://www.nxtbook.com/sosland/mbn/2016_04_26 http://www.nxtbook.com/sosland/mbn/2016_04_12 http://www.nxtbook.com/sosland/mbn/2016_03_29 http://www.nxtbook.com/sosland/mbn/2016_03_15 http://www.nxtbook.com/sosland/mbn/2016_03_01 http://www.nxtbook.com/sosland/mbn/2016_02_16 http://www.nxtbook.com/sosland/mbn/2016_02_02 http://www.nxtbook.com/sosland/mbn/2016_01_19 http://www.nxtbook.com/sosland/mbn/2016_01_05 http://www.nxtbook.com/sosland/mbn/2015_12_22 http://www.nxtbook.com/sosland/mbn/2015_12_08 http://www.nxtbook.com/sosland/mbn/2015_11_24 http://www.nxtbook.com/sosland/mbn/2015_11_10 http://www.nxtbook.com/sosland/mbn/2015_10_27 http://www.nxtbook.com/sosland/mbn/2015_10_13 http://www.nxtbook.com/sosland/mbn/2015_09_29 http://www.nxtbook.com/sosland/mbn/2015_09_15 http://www.nxtbook.com/sosland/mbn/2015_09_01 http://www.nxtbook.com/sosland/mbn/2015_08_18 http://www.nxtbook.com/sosland/mbn/2015_08_04 http://www.nxtbook.com/sosland/mbn/2015_07_21 http://www.nxtbook.com/sosland/mbn/2015_07_07 http://www.nxtbook.com/sosland/mbn/2015_06_23 http://www.nxtbook.com/sosland/mbn/2015_06_09 http://www.nxtbook.com/sosland/mbn/2015_05_26 http://www.nxtbook.com/sosland/mbn/2015_05_12 http://www.nxtbook.com/sosland/mbn/2015_04_28 http://www.nxtbook.com/sosland/mbn/2015_04_014 http://www.nxtbook.com/sosland/mbn/2015_03_31 http://www.nxtbook.com/sosland/mbn/2015_03_17 http://www.nxtbook.com/sosland/mbn/mbn/2015_03__03 http://www.nxtbook.com/sosland/mbn/2015_02_17 http://www.nxtbook.com/sosland/mbn/2015_02_03 http://www.nxtbook.com/sosland/mbn/2015_01_20 http://www.nxtbook.com/sosland/mbn/2015_01_06 http://www.nxtbook.com/sosland/mbn/2014_12_23 http://www.nxtbook.com/sosland/mbn/2014_12_09 http://www.nxtbook.com/sosland/mbn/mbn_2014_11_25 http://www.nxtbook.com/sosland/mbn/2014_11_11 http://www.nxtbook.com/sosland/mbn/2014_10_28 http://www.nxtbook.com/sosland/mbn/2014_10_14 http://www.nxtbook.com/sosland/mbn/2014_09_30 http://www.nxtbook.com/sosland/mbn/2014_09_16 http://www.nxtbook.com/sosland/mbn/2014_09_02 http://www.nxtbook.com/sosland/mbn/214_08_19 http://www.nxtbook.com/sosland/mbn/2014_08_01 http://www.nxtbook.com/sosland/mbn/2014_07_22 http://www.nxtbook.com/sosland/mbn/2014_07_08 http://www.nxtbook.com/sosland/mbn/2014_06_24 http://www.nxtbook.com/sosland/mbn/2014_06_10 http://www.nxtbook.com/sosland/mbn/2014_05_27 http://www.nxtbook.com/sosland/mbn/2014_05_13 http://www.nxtbook.com/sosland/mbn/2014_04_29 http://www.nxtbook.com/sosland/mbn/2014_04_15 http://www.nxtbook.com/sosland/mbn/2014_04_01 http://www.nxtbook.com/sosland/mbn/2014_03_18 http://www.nxtbook.com/sosland/mbn/2014_03_04 http://www.nxtbook.com/sosland/mbn/2014_02_18 http://www.nxtbook.com/sosland/mbn/2014_02_04 http://www.nxtbook.com/sosland/mbn/2014_01_21 http://www.nxtbook.com/sosland/mbn/2014_01_07 http://www.nxtbook.com/sosland/mbn/2013_12_24 http://www.nxtbook.com/sosland/mbn/2013_12_10 http://www.nxtbook.com/sosland/mbn/2013_11_26 http://www.nxtbook.com/sosland/mbn/2013_11_12 http://www.nxtbook.com/sosland/mbn/2013_10_29 http://www.nxtbook.com/sosland/mbn/2013_10_15 http://www.nxtbook.com/sosland/mbn/2013_10_01 http://www.nxtbook.com/sosland/mbn/2013_09_17 http://www.nxtbook.com/sosland/mbn/2013_09_03 http://www.nxtbook.com/sosland/mbn/2013_08_20 http://www.nxtbook.com/sosland/mbn/2013_08-06 http://www.nxtbook.com/sosland/mbn/2013_07_23 http://www.nxtbook.com/sosland/mbn/2013_07_09 http://www.nxtbook.com/sosland/mbn/2013_06_25 http://www.nxtbook.com/sosland/mbn/2013_06_11 http://www.nxtbook.com/sosland/mbn/2013_05_28 http://www.nxtbook.com/sosland/mbn/2013_05_14 http://www.nxtbook.com/sosland/mbn/2013_04_30 http://www.nxtbook.com/sosland/mbn/2013_04_16 http://www.nxtbook.com/sosland/mbn/2013_04_02 http://www.nxtbook.com/sosland/mbn/2013_03_19 http://www.nxtbook.com/sosland/mbn/2013_03_05 http://www.nxtbook.com/sosland/mbn/2013_02_19 http://www.nxtbook.com/sosland/mbn/2013_02_05 http://www.nxtbook.com/sosland/mbn/2013_01_22 http://www.nxtbook.com/sosland/mbn/2013_01_08 http://www.nxtbook.com/sosland/mbn/2012_12_25 http://www.nxtbook.com/sosland/mbn/2012_12_11 http://www.nxtbook.com/sosland/mbn/2012_11_27 http://www.nxtbook.com/sosland/mbn/2012_11_13 http://www.nxtbook.com/sosland/mbn/2012_10_30 http://www.nxtbook.com/sosland/mbn/2012_10_16 http://www.nxtbook.com/sosland/mbn/2012_10_02 http://www.nxtbook.com/sosland/mbn/2012_09_18 http://www.nxtbook.com/sosland/mbn/2012_09_04 http://www.nxtbook.com/sosland/mbn/2012_08_21 http://www.nxtbook.com/sosland/mbn/2012_08_07 http://www.nxtbook.com/sosland/mbn/2012_07_24 http://www.nxtbook.com/sosland/mbn/2012_07_10 http://www.nxtbook.com/sosland/mbn/2012_06_26 http://www.nxtbook.com/sosland/mbn/2012_06_12 http://www.nxtbook.com/sosland/mbn/2012_05_29 http://www.nxtbook.com/sosland/mbn/2012_05_15 http://www.nxtbook.com/sosland/mbn/2012_05_01 http://www.nxtbook.com/sosland/mbn/2012_04_17 http://www.nxtbook.com/sosland/mbn/2012_04_03 http://www.nxtbook.com/sosland/mbn/2012_03_20 http://www.nxtbook.com/sosland/mbn/2012_03_06 http://www.nxtbook.com/sosland/mbn/2012_02_21 http://www.nxtbook.com/sosland/mbn/2012_02_07 http://www.nxtbook.com/sosland/mbn/2012_01_24 http://www.nxtbook.com/sosland/mbn/2012_01_10 http://www.nxtbook.com/sosland/mbn/2011_12_27 http://www.nxtbook.com/sosland/mbn/2011_12_13 http://www.nxtbook.com/sosland/mbn/2011_11_29 http://www.nxtbook.com/sosland/mbn/2011_11_15 http://www.nxtbook.com/sosland/mbn/2011_11_01 http://www.nxtbook.com/sosland/mbn/2011_10_18 http://www.nxtbook.com/sosland/mbn/2011_10_04 http://www.nxtbook.com/sosland/mbn/2011_09_20 http://www.nxtbook.com/sosland/mbn/2011_09_06 http://www.nxtbook.com/sosland/mbn/2011_08_23 http://www.nxtbook.com/sosland/mbn/2011_08_09 http://www.nxtbook.com/sosland/mbn/2011_07_26 http://www.nxtbook.com/sosland/mbn/2011_07_12 http://www.nxtbook.com/sosland/mbn/2011_06_28 http://www.nxtbook.com/sosland/mbn/2011_06_14 http://www.nxtbook.com/sosland/mbn/2011_05_31 http://www.nxtbook.com/sosland/mbn/2011_05_17 http://www.nxtbook.com/sosland/mbn/2011_05_03 http://www.nxtbook.com/sosland/mbn/2011_04_19 http://www.nxtbook.com/sosland/mbn/2011_04_05 http://www.nxtbook.com/sosland/mbn/2011_03_22 http://www.nxtbook.com/sosland/mbn/2011_03_08 http://www.nxtbook.com/sosland/mbn/2011_02_22 http://www.nxtbook.com/sosland/mbn/2011_02_08 http://www.nxtbook.com/sosland/mbn/2011_01_25 http://www.nxtbook.com/sosland/mbn/2011_01_11 http://www.nxtbook.com/sosland/mbn/2010_12_28 http://www.nxtbook.com/sosland/mbn/2010_12_14 http://www.nxtbook.com/sosland/mbn/2010_11_30 http://www.nxtbook.com/sosland/mbn/2010_11_16 http://www.nxtbook.com/sosland/mbn/2010_11_02 http://www.nxtbook.com/sosland/mbn/2010_10_19 http://www.nxtbook.com/sosland/mbn/2010_10_05 http://www.nxtbook.com/sosland/mbn/2010_09_21 http://www.nxtbook.com/sosland/mbn/2010_09_07 http://www.nxtbook.com/sosland/mbn/2010_08_24 http://www.nxtbook.com/sosland/mbn/2010_08_10 http://www.nxtbook.com/sosland/mbn/2010_07_27 http://www.nxtbook.com/sosland/mbn/2010_07_13 http://www.nxtbook.com/sosland/mbn/2010_06_29 http://www.nxtbook.com/sosland/mbn/2010_06_15 http://www.nxtbook.com/sosland/mbn/2010_06_01 http://www.nxtbook.com/sosland/mbn/2010_05_18 http://www.nxtbook.com/sosland/mbn/2010_05_04 http://www.nxtbook.com/sosland/mbn/2010_04_20 http://www.nxtbook.com/sosland/mbn/2010_04_06 http://www.nxtbook.com/sosland/mbn/2010_03_23 http://www.nxtbook.com/sosland/mbn/2010_03_09 http://www.nxtbook.com/sosland/mbn/2010_02_23 http://www.nxtbook.com/sosland/mbn/2010_02_09 http://www.nxtbook.com/sosland/mbn/2010_01_26 http://www.nxtbook.com/sosland/mbn/2010_01_12 http://www.nxtbook.com/sosland/mbn/2009_12_29 http://www.nxtbook.com/sosland/mbn/2009_12_15 http://www.nxtbook.com/sosland/mbn/2009_12_01 http://www.nxtbook.com/sosland/mbn/2009_11_17 http://www.nxtbook.com/sosland/mbn/2009_11_03 http://www.nxtbook.com/sosland/mbn/2009_10_20 http://www.nxtbook.com/sosland/mbn/2009_10_06 http://www.nxtbook.com/sosland/mbn/2009_09_22 http://www.nxtbook.com/sosland/mbn/2009_09_08 http://www.nxtbook.com/sosland/mbn/2009_08_25 http://www.nxtbook.com/sosland/mbn/2009_08_11 http://www.nxtbook.com/sosland/mbn/2009_07_28 http://www.nxtbook.com/sosland/mbn/2009_07_14 http://www.nxtbook.com/sosland/mbn/2009_06_30 http://www.nxtbook.com/sosland/mbn/2009_06_16 http://www.nxtbook.com/sosland/mbn/2009_06_02 http://www.nxtbook.com/sosland/mbn/2009_05_19 http://www.nxtbook.com/sosland/mbn/2009_05_05 http://www.nxtbook.com/sosland/mbn/2009_04_21 http://www.nxtbook.com/sosland/mbn/2009_04_08 http://www.nxtbook.com/sosland/mbn/2009_04_07 http://www.nxtbook.com/sosland/mbn/2009_03_24 http://www.nxtbook.com/sosland/mbn/2009_03_10 http://www.nxtbook.com/sosland/mbn/2009_02_24 http://www.nxtbook.com/sosland/mbn/2009_02_10 http://www.nxtbook.com/sosland/mbn/2009_01_27 http://www.nxtbook.com/sosland/mbn/2009_01_13 http://www.nxtbook.com/sosland/mbn/2008_12_30 http://www.nxtbook.com/sosland/mbn/2008_12_16 http://www.nxtbook.com/sosland/mbn/2008_12_02 http://www.nxtbook.com/sosland/mbn/2008_11_18 http://www.nxtbook.com/sosland/mbn/2008_11_04 http://www.nxtbook.com/sosland/mbn/2008_10_21 http://www.nxtbook.com/sosland/mbn/2008_10_07 http://www.nxtbook.com/sosland/mbn/2008_09_23 http://www.nxtbook.com/sosland/mbn/2008_09_09 http://www.nxtbook.com/sosland/mbn/2008_08_26 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