Despite the recession, Thomasville company thrives - WALB.com, Albany News, Weather, Sports

Despite the recession, Thomasville company thrives

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 By Christian Jennings - bio | email

THOMASVILLE, GA (WALB) - Fourth quarter profits at Flowers Foods jumped 50%. Profits were up 26% for the year. They expect 2009 per-share earnings to grow as much as 15%.

Chief Financial Officer Steve Kinsey attributes the success to dedicated workers and exceptional products. Bread is a basic product consumers keep buying even during a recession.

"We're very fortunate to be in the food category, particularly the baked food category," said Executive Vice President Steve Kinsey. "Our products, breads, buns, and rolls, they continue to sell very well even in the economic downturn, and we really attribute that to the fact they're just a great value for the consumer."

Flowers Foods has 8,800 employees nationwide. The company hasn't laid off any workers and doesn't expect to.

Last month, Forbes magazine named Flowers the best-managed, publicly-traded food company in America.