| Business Summary | | Interstate
Bakeries
Corporation
is
the
largest
baker
and
distributor
of
fresh
bakery
products
in
the
United
States.
The
Company
produces,
markets,
distributes
and
sells
a
wide
range
of
breads,
rolls,
snack
cakes,
donuts,
sweet
goods
and
related
products.
These
products
are
sold
under
a
number
of
national
brand
names,
such
as
Wonder,
Hostess
and
Home
Pride,
as
well
as
regional
brand
names,
including
Butternut,
Dolly
Madison,
Drake's
and
Merita.
Based
on
independent
publicly
available
market
data,
Wonder
white
bread
and
Home
Pride
wheat
bread
are
the
number
one
and
two
selling
branded
breads
sold
in
the
United
States.
Hostess
products,
including
Twinkies
and
Ho-Hos,
are
among
the
leading
snack
cake
products
sold
in
the
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IBC
produces,
markets,
distributes
and
sells
fresh
bakery
products
through
supermarkets,
convenience
stores,
and
its
67
bakeries
and
1500
thrift
stores
nationwide.
For
the
fiscal
year
ended
6/2/01,
net
sales
fell
1%
to
$3.50
billion.
Net
income
fell
32%
to
$61.1
million.
Revenues
reflect
decreased
unit
volume
sales.
Earnings
reflect
increased
labor
and
labor-related
costs,
higher
utility
costs,
higher
packaging
costs
and
increased
borrowing
levels. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Charles Sullivan, 66 Chairman
and CEO of the Company and Brands | $814K | $91K | Michael Kafoure, 52 Pres
and COO of the Company and Brands | 440K | -- | Frank Coffey, 58 Sr.
VP, CFO | 264K | -- | Mark Dirkes, 54 Sr.
VP of Corp. Marketing of Brands | -- | -- | Brian Stevenson, 46 Sr.
VP, Director of Purchasing of Brands | 199K | -- | Dollar
amounts are as of 2-June-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|