| Business Summary | | Tasty
Baking
Company
is
a
producer
of
sweet
baked
goods.
A
baker
of
individual
snack
cakes
and
pies,
the
Company
has
also
entered
the
multi-serve
market
with
the
Classic
Baked
Goods
line,
including
donuts,
Danish
pastry
and
large
cakes
and
pies.
Tasty
sells
its
products
through
supermarkets,
convenience
stores
and
mass
merchandisers.
Independent
owner/operators
distribute
the
Company's
products
in
the
Mid-Atlantic
core
markets
of
the
United
States,
accounting
for
75%
of
revenues.
The
Company
has
engaged
in
a
national
distribution
program,
establishing
its
brands
outside
the
core
market,
throughout
the
United
States,
Puerto
Rico
and
Canada.
Tasty
operates
three
regional
bakeries
and
markets
its
products
under
the
Tastykake,
Classic
Baked
Goods,
Dutch
Mill,
Mrs.
Bauer's
Bakery,
Aunt
Sweetie's
Bakery
and
Snak
n'
Fresh
brands. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tasty
Baking
Company
manufactures
and
sells
a
variety
of
premium
single
portion
cakes,
pies,
cookies,
pretzels,
brownies,
pastries,
donuts,
snack
bars
and
other
products
under
the
TASTYKAKE
and
DUTCH
MILL
trademarks.
For
the
26
weeks
ended
6/30/01,
net
sales
rose
4%
to
$85.4
million.
Net
income
rose
9%
to
$4.6
million.
Results
reflect
increased
sales
due
to
price
increases,
higher
gross
margins
and
lower
depreciation
and
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Carl Watts, 57 Chairman,
Pres and CEO | $744K | John Pettine, 58 CFO,
Exec. VP, Director | 353K | Daniel Decina, 50 VP,
Fin. | -- | Gary Kyle, 46 VP,
Marketing and National Sales | 238K | Mark Johnson, 50 VP
of HR | -- | Dollar amounts are as of 25-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|