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Research Assignment

In: Business and Management

Submitted By alisobia
Words 40388
Pages 162
2013 AnnuAl RepoRt
Canada Bread Company, Limited

Canada Bread is a leading manufacturer and distributor of value-added and nutritious fresh and frozen bakery products.
Canada Bread operates two business segments: FReSH BAKeRY
Our Fresh Bakery segment includes premium white, whole grain and rye breads, tortillas, bagels, buns and rolls sold under a number of leading brands, including Dempster’s®, Villaggio®, Smart®, McGavins®, POM®, Bon Matin® and Ben’s®.

FRoZen BAKeRY
Our Frozen Bakery segment includes operations in North America and the U.K. The North American bakery business is a major producer and distributor of frozen unbaked, par-baked and fully-baked bread products. Our U.K. bakery business is a leading specialty bakery producing bagels and croissants. Key brands include California Goldminer® frozen bakery products, Tenderflake® ready-to-bake pastry products, and New York Bakery Co.® in the U.K. Through our Fresh Bakery and Frozen Bakery segments, we serve retail stores, in-store bakery departments and foodservice customers across North America and the U.K. Canada Bread employs approximately 5,400 people and operates 25 facilities across Canada, the U.S. and the U.K. The Company is 90% owned by Maple Leaf Foods Inc.

Contents
Message to Shareholders i Management’s Discussion and Analysis 1 Audited Consolidated Financial Statements 28 Notes to the Audited Consolidated Financial Statements 34 Corporate Information 67

2013 was an inflection point in the history of Canada Bread. Our significant efforts in recent years to reduce costs and deliver innovative products to meet evolving consumer demands paid off in a very strong earnings year. We increased both our Adjusted Operating Earnings for the year by 8%, and our Adjusted Earnings per Share by 9%, driven largely by strong gains in our North American frozen and U.K. bakery businesses. We also...

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