Josh Sosland is president of Sosland Publishing Company, editor of Milling & Baking News and Food Business News magazines and has been a member of the editorial staff of Sosland for 35 years. He is a 1982 graduate of Harvard College.
In the case, Flowers Foods contends that arbitration agreements signed by two of its independent distributors are binding while the distributors claim that a provision in the 1925 Federal Arbitration Act makes the arbitration agreement unenforceable.
A marked downtrend in the business outlook for bakery equipment manufacturers emerged in the second quarter of 2023, according to data from the BEMA Intel Member Pulse Survey.
Ahead of an annual US Department of Agriculture estimate for California walnut production, the outlook is far more positive in 2023, according to the California Walnut Board.
In the 12 weeks ended July 15, Flowers Foods net income was $63.77 million, equal to 30¢ per share on the common stock, up 19% from $53.68 million, or 25¢ per share, in the second quarter of 2022.
Mr. Wheeler, who has spent 35 years at Flowers, will step down from his current role at the end of August and will serve until Dec. 31 as a senior adviser.
David S. Marberger, executive vice president and chief financial officer of Conagra Brands, Inc., had high praise for Ardent Mills, Inc., the flour milling joint venture Conagra owns with Cargill and CHS.