Milling & Baking News - January 27, 2004 - 1

Theinewsweeklyiofigrain-basedifoods

bakingbusiness.com / world-grain.com

New Sara Lee Bakery bread line
sees strong launch; profits surge
CHICAGO - In the first weeks since its
launch, a new line of Sara Lee Bakery
fresh bread, including the company's lowcarbohydrate Delightful varieties, have
exceeded company expectations, eclipsing
the highly successful October 2002 debut
of its Sara Lee brand fresh bread.
Very preliminary performance for the
line was reviewed by Aaron Hoffman,
Sara Lee Corp. executive director of investor relations, in a Jan. 22 conference call in
connection with the company's quarterly
financial results.
Operating income of Sara Lee Bakery in

N E W S F E AT U R E

the second quarter ended Dec. 27 was $55
million, up 158% from $21 million in the
second quarter last year. Sales were $871
million, up 1%.
While most of the earnings gain was
attributed to restructuring expense in the
prior year and foreign currency gains, 20
percentage points of the profit jump were
credited to higher gross margins and a
lower cost structure resulting from the
restructuring. "Strong sales for frozen
Sara Lee heritage products, a very strong
retail pie season, positive product mix in
Continued on Page 14

MGP Ingredients stock soars on
earnings guidance, expansions
ATCHISON, KAS. - Common stock of
MGP Ingredients, Inc. last week soared to
its highest level in more than nine years after the company raised its fiscal year earnings guidance and announced still another
manufacturing expansion.
MGP announced Jan. 20 that it was raising its earnings guidance for fiscal 2004 to
$1 to $1.10 per share from the previous
range of 35c to 40c. The company's fiscal

LATE

CONSUMER
SPENDING
for cereal, bakery products
declines again
Story on Page 25

year will end June 30.
In trading on the NASDAQ National
Market that day, MGP shares surged 11%
to close at $24.59 per share. The stock had
not traded that high since December 1994,
when the company operated under the
name of Midwest Grain Products.
Ladd Seaberg, president and chief executive officer of MGP, said the revised
Continued on Page 10

NEWS
PENNSAUKEN, N.J. - J&J Snack Foods Corp. has "hit the
deck running" integrating the recently acquired Country
Home Bakers business, said Gerald B. Shreiber, J&J president and chief executive officer. Mr. Shreiber commented
about Country Home in a Jan. 22 conference call. J&J will
be focused on restoring the profitability of and growing
the Country Home business, Mr. Shreiber said. J&J said it
expects to record at least a mid-single digit operating margin from Country Home in fiscal 2004. In the first quarter ended Dec. 27, J&J posted net
Continued on Page 8

J&J Snack
posts record
sales

inside

JANUARY 27, 2004

C.P.I. for baked
foods, cereals rises
2.3% in '03
WASHINGTON - The Consumer Price
Index for baked foods and cereal products posted its eighth consecutive year of
higher prices in 2003, advancing 2.3%.
The 2003 increase followed a 2.1% advance in 2002, according to the Bureau of
Labor Statistics of the U.S. Department of
Labor. The 2003 year-end increase paralleled the broader index for all food at
home, which rose 2.1% for the year.
The C.P.I. for every category of grainbased foods increased in the 12-month
period that ended in December. In most
instances, advances ranged between 2% to
3% for the year.
The 2.3% increase in the price index for
Cereals and Bakery Products in 2003 was a
shade better than the gain scored in 2002.
The price index for this category rose 2.1%
in 2002, 2.9% in 2001, 2% in 2000 and 1.8%
Continued on Page 19

THIS WEEK

CarbAction
bread line
launched by
I.B.C.

11

Ingredient

Pete
Frederick to
Pendleton
and Milner

20

Carb
avoidance
may outlive
Atkins diet

31

Week
32


http://www.bakingbusiness.com http://www.world-grain.com

Milling & Baking News - January 27, 2004

Table of Contents for the Digital Edition of Milling & Baking News - January 27, 2004

Contents
Milling & Baking News - January 27, 2004 - 1
Milling & Baking News - January 27, 2004 - 2
Milling & Baking News - January 27, 2004 - 3
Milling & Baking News - January 27, 2004 - Contents
Milling & Baking News - January 27, 2004 - 5
Milling & Baking News - January 27, 2004 - 6
Milling & Baking News - January 27, 2004 - 7
Milling & Baking News - January 27, 2004 - 8
Milling & Baking News - January 27, 2004 - 9
Milling & Baking News - January 27, 2004 - 10
Milling & Baking News - January 27, 2004 - 11
Milling & Baking News - January 27, 2004 - 12
Milling & Baking News - January 27, 2004 - 13
Milling & Baking News - January 27, 2004 - 14
Milling & Baking News - January 27, 2004 - 15
Milling & Baking News - January 27, 2004 - 16
Milling & Baking News - January 27, 2004 - 17
Milling & Baking News - January 27, 2004 - 18
Milling & Baking News - January 27, 2004 - 19
Milling & Baking News - January 27, 2004 - 20
Milling & Baking News - January 27, 2004 - 21
Milling & Baking News - January 27, 2004 - 22
Milling & Baking News - January 27, 2004 - 23
Milling & Baking News - January 27, 2004 - 24
Milling & Baking News - January 27, 2004 - 25
Milling & Baking News - January 27, 2004 - 26
Milling & Baking News - January 27, 2004 - 27
Milling & Baking News - January 27, 2004 - 28
Milling & Baking News - January 27, 2004 - 29
Milling & Baking News - January 27, 2004 - 30
Milling & Baking News - January 27, 2004 - 31
Milling & Baking News - January 27, 2004 - 32
Milling & Baking News - January 27, 2004 - 33
Milling & Baking News - January 27, 2004 - 34
Milling & Baking News - January 27, 2004 - 35
Milling & Baking News - January 27, 2004 - 36
Milling & Baking News - January 27, 2004 - 37
Milling & Baking News - January 27, 2004 - 38
Milling & Baking News - January 27, 2004 - 39
Milling & Baking News - January 27, 2004 - 40
Milling & Baking News - January 27, 2004 - 41
Milling & Baking News - January 27, 2004 - 42
Milling & Baking News - January 27, 2004 - 43
Milling & Baking News - January 27, 2004 - 44
Milling & Baking News - January 27, 2004 - 45
Milling & Baking News - January 27, 2004 - 46
Milling & Baking News - January 27, 2004 - 47
Milling & Baking News - January 27, 2004 - 48
Milling & Baking News - January 27, 2004 - 49
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https://www.nxtbook.com/sosland/mbn/2016_01_19
https://www.nxtbook.com/sosland/mbn/2016_01_05
https://www.nxtbook.com/sosland/mbn/2015_12_22
https://www.nxtbook.com/sosland/mbn/2015_12_08
https://www.nxtbook.com/sosland/mbn/2015_11_24
https://www.nxtbook.com/sosland/mbn/2015_11_10
https://www.nxtbook.com/sosland/mbn/2015_10_27
https://www.nxtbook.com/sosland/mbn/2015_10_13
https://www.nxtbook.com/sosland/mbn/2015_09_29
https://www.nxtbook.com/sosland/mbn/2015_09_15
https://www.nxtbook.com/sosland/mbn/2015_09_01
https://www.nxtbook.com/sosland/mbn/2015_08_18
https://www.nxtbook.com/sosland/mbn/2015_08_04
https://www.nxtbook.com/sosland/mbn/2015_07_21
https://www.nxtbook.com/sosland/mbn/2015_07_07
https://www.nxtbook.com/sosland/mbn/2015_06_23
https://www.nxtbook.com/sosland/mbn/2015_06_09
https://www.nxtbook.com/sosland/mbn/2015_05_26
https://www.nxtbook.com/sosland/mbn/2015_05_12
https://www.nxtbook.com/sosland/mbn/2015_04_28
https://www.nxtbook.com/sosland/mbn/2015_04_014
https://www.nxtbook.com/sosland/mbn/2015_03_31
https://www.nxtbook.com/sosland/mbn/2015_03_17
https://www.nxtbook.com/sosland/mbn/mbn/2015_03__03
https://www.nxtbook.com/sosland/mbn/2015_02_17
https://www.nxtbook.com/sosland/mbn/2015_02_03
https://www.nxtbook.com/sosland/mbn/2015_01_20
https://www.nxtbook.com/sosland/mbn/2015_01_06
https://www.nxtbook.com/sosland/mbn/2014_12_23
https://www.nxtbook.com/sosland/mbn/2014_12_09
https://www.nxtbook.com/sosland/mbn/mbn_2014_11_25
https://www.nxtbook.com/sosland/mbn/2014_11_11
https://www.nxtbook.com/sosland/mbn/2014_10_28
https://www.nxtbook.com/sosland/mbn/2014_10_14
https://www.nxtbook.com/sosland/mbn/2014_09_30
https://www.nxtbook.com/sosland/mbn/2014_09_16
https://www.nxtbook.com/sosland/mbn/2014_09_02
https://www.nxtbook.com/sosland/mbn/214_08_19
https://www.nxtbook.com/sosland/mbn/2014_08_01
https://www.nxtbook.com/sosland/mbn/2014_07_22
https://www.nxtbook.com/sosland/mbn/2014_07_08
https://www.nxtbook.com/sosland/mbn/2014_06_24
https://www.nxtbook.com/sosland/mbn/2014_06_10
https://www.nxtbook.com/sosland/mbn/2014_05_27
https://www.nxtbook.com/sosland/mbn/2014_05_13
https://www.nxtbook.com/sosland/mbn/2014_04_29
https://www.nxtbook.com/sosland/mbn/2014_04_15
https://www.nxtbook.com/sosland/mbn/2014_04_01
https://www.nxtbook.com/sosland/mbn/2014_03_18
https://www.nxtbook.com/sosland/mbn/2014_03_04
https://www.nxtbook.com/sosland/mbn/2014_02_18
https://www.nxtbook.com/sosland/mbn/2014_02_04
https://www.nxtbook.com/sosland/mbn/2014_01_21
https://www.nxtbook.com/sosland/mbn/2014_01_07
https://www.nxtbook.com/sosland/mbn/2013_12_24
https://www.nxtbook.com/sosland/mbn/2013_12_10
https://www.nxtbook.com/sosland/mbn/2013_11_26
https://www.nxtbook.com/sosland/mbn/2013_11_12
https://www.nxtbook.com/sosland/mbn/2013_10_29
https://www.nxtbook.com/sosland/mbn/2013_10_15
https://www.nxtbook.com/sosland/mbn/2013_10_01
https://www.nxtbook.com/sosland/mbn/2013_09_17
https://www.nxtbook.com/sosland/mbn/2013_09_03
https://www.nxtbook.com/sosland/mbn/2013_08_20
https://www.nxtbook.com/sosland/mbn/2013_08-06
https://www.nxtbook.com/sosland/mbn/2013_07_23
https://www.nxtbook.com/sosland/mbn/2013_07_09
https://www.nxtbook.com/sosland/mbn/2013_06_25
https://www.nxtbook.com/sosland/mbn/2013_06_11
https://www.nxtbook.com/sosland/mbn/2013_05_28
https://www.nxtbook.com/sosland/mbn/2013_05_14
https://www.nxtbook.com/sosland/mbn/2013_04_30
https://www.nxtbook.com/sosland/mbn/2013_04_16
https://www.nxtbook.com/sosland/mbn/2013_04_02
https://www.nxtbook.com/sosland/mbn/2013_03_19
https://www.nxtbook.com/sosland/mbn/2013_03_05
https://www.nxtbook.com/sosland/mbn/2013_02_19
https://www.nxtbook.com/sosland/mbn/2013_02_05
https://www.nxtbook.com/sosland/mbn/2013_01_22
https://www.nxtbook.com/sosland/mbn/2013_01_08
https://www.nxtbook.com/sosland/mbn/2012_12_25
https://www.nxtbook.com/sosland/mbn/2012_12_11
https://www.nxtbook.com/sosland/mbn/2012_11_27
https://www.nxtbook.com/sosland/mbn/2012_11_13
https://www.nxtbook.com/sosland/mbn/2012_10_30
https://www.nxtbook.com/sosland/mbn/2012_10_16
https://www.nxtbook.com/sosland/mbn/2012_10_02
https://www.nxtbook.com/sosland/mbn/2012_09_18
https://www.nxtbook.com/sosland/mbn/2012_09_04
https://www.nxtbook.com/sosland/mbn/2012_08_21
https://www.nxtbook.com/sosland/mbn/2012_08_07
https://www.nxtbook.com/sosland/mbn/2012_07_24
https://www.nxtbook.com/sosland/mbn/2012_07_10
https://www.nxtbook.com/sosland/mbn/2012_06_26
https://www.nxtbook.com/sosland/mbn/2012_06_12
https://www.nxtbook.com/sosland/mbn/2012_05_29
https://www.nxtbook.com/sosland/mbn/2012_05_15
https://www.nxtbook.com/sosland/mbn/2012_05_01
https://www.nxtbook.com/sosland/mbn/2012_04_17
https://www.nxtbook.com/sosland/mbn/2012_04_03
https://www.nxtbook.com/sosland/mbn/2012_03_20
https://www.nxtbook.com/sosland/mbn/2012_03_06
https://www.nxtbook.com/sosland/mbn/2012_02_21
https://www.nxtbook.com/sosland/mbn/2012_02_07
https://www.nxtbook.com/sosland/mbn/2012_01_24
https://www.nxtbook.com/sosland/mbn/2012_01_10
https://www.nxtbook.com/sosland/mbn/2011_12_27
https://www.nxtbook.com/sosland/mbn/2011_12_13
https://www.nxtbook.com/sosland/mbn/2011_11_29
https://www.nxtbook.com/sosland/mbn/2011_11_15
https://www.nxtbook.com/sosland/mbn/2011_11_01
https://www.nxtbook.com/sosland/mbn/2011_10_18
https://www.nxtbook.com/sosland/mbn/2011_10_04
https://www.nxtbook.com/sosland/mbn/2011_09_20
https://www.nxtbook.com/sosland/mbn/2011_09_06
https://www.nxtbook.com/sosland/mbn/2011_08_23
https://www.nxtbook.com/sosland/mbn/2011_08_09
https://www.nxtbook.com/sosland/mbn/2011_07_26
https://www.nxtbook.com/sosland/mbn/2011_07_12
https://www.nxtbook.com/sosland/mbn/2011_06_28
https://www.nxtbook.com/sosland/mbn/2011_06_14
https://www.nxtbook.com/sosland/mbn/2011_05_31
https://www.nxtbook.com/sosland/mbn/2011_05_17
https://www.nxtbook.com/sosland/mbn/2011_05_03
https://www.nxtbook.com/sosland/mbn/2011_04_19
https://www.nxtbook.com/sosland/mbn/2011_04_05
https://www.nxtbook.com/sosland/mbn/2011_03_22
https://www.nxtbook.com/sosland/mbn/2011_03_08
https://www.nxtbook.com/sosland/mbn/2011_02_22
https://www.nxtbook.com/sosland/mbn/2011_02_08
https://www.nxtbook.com/sosland/mbn/2011_01_25
https://www.nxtbook.com/sosland/mbn/2011_01_11
https://www.nxtbook.com/sosland/mbn/2010_12_28
https://www.nxtbook.com/sosland/mbn/2010_12_14
https://www.nxtbook.com/sosland/mbn/2010_11_30
https://www.nxtbook.com/sosland/mbn/2010_11_16
https://www.nxtbook.com/sosland/mbn/2010_11_02
https://www.nxtbook.com/sosland/mbn/2010_10_19
https://www.nxtbook.com/sosland/mbn/2010_10_05
https://www.nxtbook.com/sosland/mbn/2010_09_21
https://www.nxtbook.com/sosland/mbn/2010_09_07
https://www.nxtbook.com/sosland/mbn/2010_08_24
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https://www.nxtbook.com/sosland/mbn/2010_07_13
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https://www.nxtbook.com/sosland/mbn/2010_06_15
https://www.nxtbook.com/sosland/mbn/2010_06_01
https://www.nxtbook.com/sosland/mbn/2010_05_18
https://www.nxtbook.com/sosland/mbn/2010_05_04
https://www.nxtbook.com/sosland/mbn/2010_04_20
https://www.nxtbook.com/sosland/mbn/2010_04_06
https://www.nxtbook.com/sosland/mbn/2010_03_23
https://www.nxtbook.com/sosland/mbn/2010_03_09
https://www.nxtbook.com/sosland/mbn/2010_02_23
https://www.nxtbook.com/sosland/mbn/2010_02_09
https://www.nxtbook.com/sosland/mbn/2010_01_26
https://www.nxtbook.com/sosland/mbn/2010_01_12
https://www.nxtbook.com/sosland/mbn/2009_12_29
https://www.nxtbook.com/sosland/mbn/2009_12_15
https://www.nxtbook.com/sosland/mbn/2009_12_01
https://www.nxtbook.com/sosland/mbn/2009_11_17
https://www.nxtbook.com/sosland/mbn/2009_11_03
https://www.nxtbook.com/sosland/mbn/2009_10_20
https://www.nxtbook.com/sosland/mbn/2009_10_06
https://www.nxtbook.com/sosland/mbn/2009_09_22
https://www.nxtbook.com/sosland/mbn/2009_09_08
https://www.nxtbook.com/sosland/mbn/2009_08_25
https://www.nxtbook.com/sosland/mbn/2009_08_11
https://www.nxtbook.com/sosland/mbn/2009_07_28
https://www.nxtbook.com/sosland/mbn/2009_07_14
https://www.nxtbook.com/sosland/mbn/2009_06_30
https://www.nxtbook.com/sosland/mbn/2009_06_16
https://www.nxtbook.com/sosland/mbn/2009_06_02
https://www.nxtbook.com/sosland/mbn/2009_05_19
https://www.nxtbook.com/sosland/mbn/2009_05_05
https://www.nxtbook.com/sosland/mbn/2009_04_21
https://www.nxtbook.com/sosland/mbn/2009_04_08
https://www.nxtbook.com/sosland/mbn/2009_04_07
https://www.nxtbook.com/sosland/mbn/2009_03_24
https://www.nxtbook.com/sosland/mbn/2009_03_10
https://www.nxtbook.com/sosland/mbn/2009_02_24
https://www.nxtbook.com/sosland/mbn/2009_02_10
https://www.nxtbook.com/sosland/mbn/2009_01_27
https://www.nxtbook.com/sosland/mbn/2009_01_13
https://www.nxtbook.com/sosland/mbn/2008_12_30
https://www.nxtbook.com/sosland/mbn/2008_12_16
https://www.nxtbook.com/sosland/mbn/2008_12_02
https://www.nxtbook.com/sosland/mbn/2008_11_18
https://www.nxtbook.com/sosland/mbn/2008_11_04
https://www.nxtbook.com/sosland/mbn/2008_10_21
https://www.nxtbook.com/sosland/mbn/2008_10_07
https://www.nxtbook.com/sosland/mbn/2008_09_23
https://www.nxtbook.com/sosland/mbn/2008_09_09
https://www.nxtbook.com/sosland/mbn/2008_08_26
https://www.nxtbook.com/sosland/mbn/2008_08_12
https://www.nxtbook.com/sosland/mbn/2008_07_29
https://www.nxtbook.com/sosland/mbn/2008_07_15
https://www.nxtbook.com/sosland/mbn/2008_07_01
https://www.nxtbook.com/sosland/mbn/2008_06_17
https://www.nxtbook.com/sosland/mbn/2008_06_03
https://www.nxtbook.com/sosland/mbn/2008_05_20
https://www.nxtbook.com/sosland/mbn/2008_05_06
https://www.nxtbook.com/sosland/mbn/2008_04_22
https://www.nxtbook.com/sosland/mbn/2008_04_08
https://www.nxtbook.com/sosland/mbn/2008_04_01
https://www.nxtbook.com/sosland/mbn/2008_03_25
https://www.nxtbook.com/sosland/mbn/2008_03_11
https://www.nxtbook.com/sosland/mbn/2008_02_26
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https://www.nxtbook.com/sosland/mbn/2007_12_18
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https://www.nxtbook.com/sosland/mbn/2007_11_20
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https://www.nxtbook.com/sosland/mbn/2007_10_23
https://www.nxtbook.com/sosland/mbn/2007_10_09
https://www.nxtbook.com/sosland/mbn/2007_09_25
https://www.nxtbook.com/sosland/mbn/2007_09_11
https://www.nxtbook.com/sosland/mbn/2007_08_28
https://www.nxtbook.com/sosland/mbn/2007_08_14
https://www.nxtbook.com/sosland/mbn/2007_07_31
https://www.nxtbook.com/sosland/mbn/2007_07_17
https://www.nxtbook.com/sosland/mbn/2007_07_03
https://www.nxtbook.com/sosland/mbn/2007_06_19
https://www.nxtbook.com/sosland/mbn/2007_06_05
https://www.nxtbook.com/sosland/mbn/2007_05_23
https://www.nxtbook.com/sosland/mbn/2007_05_22
https://www.nxtbook.com/sosland/mbn/2007_05_08
https://www.nxtbook.com/sosland/mbn/2007_04_24
https://www.nxtbook.com/sosland/mbn/2007_04_10
https://www.nxtbook.com/sosland/mbn/2007_03_27
https://www.nxtbook.com/sosland/mbn/2007_03_13
https://www.nxtbook.com/sosland/mbn/2007_02_27
https://www.nxtbook.com/sosland/mbn/2007_02_13
https://www.nxtbook.com/sosland/mbn/2007_01_30
https://www.nxtbook.com/sosland/mbn/2007_01_16
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https://www.nxtbook.com/sosland/mbn/2006_12_19
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https://www.nxtbook.com/sosland/mbn/2006_11_21
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https://www.nxtbook.com/sosland/mbn/2006_10_24
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https://www.nxtbook.com/sosland/mbn/2006_09_26
https://www.nxtbook.com/sosland/mbn/2006_09_12
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https://www.nxtbook.com/sosland/mbn/2006_08_15
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https://www.nxtbook.com/sosland/mbn/2006_07_18
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https://www.nxtbook.com/sosland/mbn/2004_05_11
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https://www.nxtbook.com/sosland/mbn/2004_04_13
https://www.nxtbook.com/sosland/mbn/2004_04_06
https://www.nxtbook.com/sosland/mbn/2004_03_30
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https://www.nxtbook.com/sosland/mbn/2003_11_25
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