10 February 2025
10 February 2025
The US food and beverage group also said it is reviewing the future of its personal-care business.
Flowers has documented for several quarters a consumer shift away from traditional loaves toward more “differentiated and premium items”.
Inflationary pressures are likely to persist for the dairy giant through quarter four and into the new fiscal year.
The confectionery maker attributed the project suspension to “increased risk relating to energy supply”.
The Swiss giant is to halt output for a month at its factory in the Córdoba region of the country to manage excess stock.
Preliminary government data shows domestic meat production rose 1.4% to 6.9 million tonnes in 2024.
A “non-cash goodwill impairment charge” of C$674m linked to the group’s UK arm was central to the widening losses.
K&S has been operating for nearly 50 years, specialising in the production of bread, baked goods, desserts and snacks.
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