Bakers Journal

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Canada Bread reports fourth quarter, year-end results


February 28, 2012
By Newswire

Feb. 28, 2012, Canada – Canada Bread Company, Limited today released its financial results for the fourth quarter (ending
Dec. 31, 2011).

Feb. 28, 2012, Canada – Canada Bread Company, Limited today released its financial results for the fourth quarter (ending
Dec. 31, 2011). Fourth quarter highlights include:

  • Adjusted Operating Earnings(1) for the year were $109.8 million, compared to $111.5 million last year
  • For the fourth quarter, Adjusted Operating Earnings declined four per cent to $26.2
    million
  • Adjusted EPS(2) for the year was $3.43 (2010: $2.90) and $0.67 (2010: $0.62) for the
    fourth quarter
  • Net earnings for the quarter declined 36 per cent to $7.8 million, including
    $12.2 million in pre-tax restructuring and other related costs
    associated with plant closures and manufacturing optimization
    initiatives

Click here to read the full report.

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