Interstate Bakeries Corp. (IBCIQ.PK)

Interstate Bakeries Corporation, together with its subsidiaries, operates as a wholesale baker and distributor of baked bread and sweet goods in the United States. The company produces and distributes a range of breads, buns, rolls, croutons, stuffing, snack cakes, donuts, sweet rolls, and related products under national brand names, such as Wonder, Home Pride, Hostess, Baker’s Inn, Bread du Jour, Beefsteak, Twinkies, Ding Dongs, HoHos, Suzy-Qs, and Dolly Madison, as well as regional brand names, including Butternut, Merita, Millbrook, Eddy’s, Sweetheart, Colombo, Devil Dogs, and Zingers. As of August 15, 2008, it owned and operated approximately 41 bakeries, 600 distribution centers, and 740 bakery outlets in 1,000 locations in the United States. Interstate Bakeries Corporation sells its bread products through national mass merchandisers and supermarkets, and sweet goods through national mass merchandisers, supermarkets, and convenience stores. The company was founded in 1927 and is based in Kansas City, Missouri. On September 22, 2004, Interstate Bakeries Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Western District of Missouri, Kansas City.

For the fiscal year ended 28 May 2005, Interstate Bakeries Corp.'s revenues decreased 2% to $3.4M. Net loss totaled $379K, up from $33K. Revenues reflect reduction in volume of sales. Higher loss reflects increased cost of goods sold, increased selling, delivery and administrative expenses, higher restructuring charges, the presence of goodwill impairment charges and the presence of other intangible assets impairment charges.