Flowers Foods recognized by Forbes as 'best managed' food company
January 22, 2007
by Eric Schroeder
THOMASVILLE, GA. — Flowers Foods, Inc., one of the nation’s leading producers and marketers of packaged bakery foods for retail and food service customers, has been named the "best-managed" food company among the 400 best big companies in America by Forbes magazine. Forbes editors selected Flowers Foods as the "best of the best" among the 18 companies in the food, drink, and tobacco category that made it on to Forbes’ annual list of the 400 Best Big Companies.
In creating the list, which appeared in the Jan. 8 issue of Forbes, the magazine’s editors analyzed more than 1,000 publicly-traded companies with at least $1 billion in revenue, narrowing the list to 400 based on financial metrics, earnings forecasts, corporate governance ratings, and other public company information. From that list, Forbes editors then picked one best-managed company from each of the 26 industries represented — the "best of the best."
"To be selected the ‘best of the best’ among our peers by Forbes is indeed an honor," said George E. Deese, chairman of the board, president and chief executive officer. "It recognizes not just the operating strength of Flowers Foods and the efforts of our entire team, but also the effectiveness of our long-term strategies in building value for our shareholders."