Changing marketplace dynamics caught attention in other major baking industry announcements of recent days. Flowers Foods, Inc., in acquiring the trademark rights to sell the Roman Meal bread brand in the United States, effected a transaction underscoring the sweeping change that has transpired in the whole grain segment of the bread market during the past several years. Similarly, leadership and strategic changes announced for the baking and snack division of Campbell Soup Co. suggest a dramatically different future ahead for the business that includes Pepperidge Farm, Inc.
In stating results, Bimbo detailed a number of positives in its financials, including widening profit margins as measured by ongoing costs. The company affirmed it has benefited from restructuring in connection with its acquisitions of recent years and in response to the marketplace changes it has witnessed. Those positives underscore the underlying attractiveness and even elements of stability in the midst of this period of “changing marketplace dynamics.”