Canada Dividend Investor: CBY - <span class="din">Canada Bread Reports Results for the Second Quarter 2012</span> (CAD 0.50)

Company: Canada Bread
Stock Name: CBY
Amount: CAD 0.50
Announcement Date: 01/08/2012
Record Date: 05/09/2012

Dividend Detail:

TSX: CBY

TORONTO, Aug. 1, 2012 /CNW/ - Canada Bread Company, Limited (TSX: CBY)
today reported its financial results for the second quarter ended June
30, 2012.�� Second quarter highlights include:

Adjusted Operating Earnings⁽¹⁾ for the second quarter were $37.4 million compared to $35.1 million
last year, an increase of 7%

Net earnings for the quarter were $26.8 million compared to $14.9
million last year

Adjusted EPS⁽²⁾ for the quarter was $1.09, up from $0.97 in the second quarter of 2011

"Our results improved from last year and significantly from a weak first
quarter, reflecting some improvement in volume and the benefit of price
increases in our Frozen Bakery segment to manage higher costs," said
Richard Lan, President and CEO. "While the bread category continues to
be soft in both North America and the U.K., we will continue to manage
this through proactive sales strategies, product innovation and cost
reduction."

(1): Adjusted Operating Earnings, a non-IFRS measure, is defined as
earnings from operations before restructuring and other related costs
and other income (expense).

(2): Adjusted Earnings per Share ("Adjusted EPS"), a non-IFRS measure,
is defined as basic earnings per share adjusted for the impact of
restructuring and other related costs, net of tax.

Please refer to the section entitled Reconciliation of Non-IFRS
Financial Measures in this news release.

Financial Overview

Sales for the second quarter were $404.9 million compared to $406.2
million last year. After adjusting for the closure of a bakery and
related exit of unprofitable categories in the U.K. and currency
translation on sales in the U.S. and U.K., sales increased 1%. The
increase was mainly due to stronger volumes and selling prices in the
North American frozen bakery operations.

Adjusted Operating Earnings for the second quarter of $37.4 million were
7% higher compared to earnings of $35.1 million last year as improved
pricing, sales mix, and volumes in the Frozen Bakery segment were
partially offset by higher inflationary costs and spending in the Fresh
Bakery segment, largely attributable to the fresh pasta business.

Net earnings in the quarter were $26.8 million ($1.05 basic earnings per
share) compared to $14.9 million ($0.59 basic earnings per share) last
year and included $1.2 million in pre-tax restructuring costs (2011:
$12.5 million). Adjusted earnings per share for the second quarter were
$1.09 compared to $0.97 last year.

Business Segment Review

The following table summarizes sales by business segment:

��	��	��	��	��	��
(Unaudited)��	Second Quarter				Year-to-Date
($ thousands)	��	��	2012	2011	2012	2011
Fresh Bakery	��	��	$279,164	$282,364	$527,347	$537,449
Frozen Bakery	��	��	125,697	123,881	247,758	240,556
Total Sales	��	��	$404,861	$406,245	$775,105	$778,005
��	��	��	��	��	��	��

The following table summarized Adjusted Operating Earnings by business
segment:

��	��	��	��	��
(Unaudited)	Second Quarter		Year-to-Date
($ thousands)	2012	2011	2012	2011
Fresh Bakery	$30,507	$33,211	$37,775	$51,196
Frozen Bakery	6,922	1,892	8,415	631
Adjusted Operating Earnings	$37,429	$35,103	$46,190	$51,827
��	��	��	��	��

Fresh Bakery

Includes fresh bakery products, including breads, rolls, bagels, sweet
goods, and fresh pasta and sauces sold to retail, foodservice and
convenience channels. It includes national brands such as Dempster's^�� and Olivieri^�� and many leading regional brands.

Fresh Bakery sales for the second quarter of $279.2 million were 1%
lower than sales of $282.4 million last year, primarily due to
increased feature pricing activity in the fresh bakery business and
lower volumes in the fresh pasta business. Volumes in the fresh bakery
business were comparable to last year.

Adjusted Operating Earnings in the second quarter declined 8% to $30.5
million compared to $33.2 million last year. While results in the fresh
bakery business were consistent with last year, there was a significant
improvement from the first quarter of 2012 as a result of increased
promotional and marketing activities and warm summer weather. However,
an underlying decline in consumer demand continues to impact results.
Included in results are $0.8 million in duplicative overhead costs
related to the commissioning of a new fresh bakery in Hamilton, Ontario
and which are expected to continue until early 2013. The Company
expects the new bakery to be accretive to operating earnings commencing
in 2013, with the closure of the third Toronto bakery and as volumes
consolidate into the new Hamilton facility. Results from the fresh
pasta business declined due to higher inflationary and operational
costs, and increased advertising and promotional spending.

Frozen Bakery

Includes frozen bakery products, including frozen par-baked bakery
products, specialty and artisan breads, and bagels sold to retail,
foodservice and convenience channels in North America and the U.K. It
includes national brands such as Tenderflake^�� and New York Bakery Co^TM.

Frozen Bakery sales for the second quarter were $125.7 million compared
to $123.9 million in 2011. After adjusting for the closure of a bakery
and related exit of unprofitable categories in the U.K. and currency
translation on sales in the U.S. and U.K., sales increased 5%. The
sales increase was mainly due to stronger volumes and selling prices in
the North American frozen bakery operations.

Adjusted Operating Earnings in Frozen Bakery for the second quarter of
2012 were $6.9 million compared to $1.9 million last year.
Profitability continued to improve due to higher pricing and volumes in
the North American frozen bakery operations, an improved sales mix in
the U.K., and lower overhead costs resulting from the closure of the
Walsall, U.K. bakery in the first quarter of 2012. These benefits were
partially offset by higher inflationary costs.

Other Matters

On July 31, 2012, Canada Bread declared a dividend of $0.50 per share
payable on October 1, 2012 to shareholders of record at the close of
business on September 7, 2012.�� Unless indicated otherwise by the
Company in writing on or before the time the dividend is paid, this
dividend will be considered an Eligible Dividend for the purposes of
the "Enhanced Dividend Tax Credit System".

Reconciliation of Non-IFRS Financial Measures

The Company uses the following non-IFRS measures: Adjusted Operating
Earnings and Adjusted EPS.�� Management believes that these non-IFRS
measures provide useful information to both Management and investors in
measuring the financial performance of the Company for the reasons
outlined below.�� These measures do not have a standardized meaning
prescribed by IFRS and therefore they may not be comparable to
similarly titled measures presented by other publicly traded companies
and should not be construed as an alternative to other financial
measures determined in accordance with IFRS.

Adjusted Operating Earnings

The following tables reconcile earnings from operations before
restructuring and other related costs and other income (expense) to net
earnings as reported under IFRS in the unaudited earnings for the three
and six months ended, as indicated below.�� Management believes that
this is the most appropriate basis on which to evaluate operating
results, as restructuring and other related costs and other income
(expense) are not representative of operational results during the
period.

��	��	��	��	��
(Unaudited)	Three months ended June 30, 2012
($ thousands)	Fresh Bakery	Frozen Bakery	��	Consolidated
Net earnings	��	��	��	$26,775
Income taxes	��	��	��	10,407
Earnings from operations before income taxes	��	��	��	37,182
Interest expense	��	��	��	391
Earnings from operations before interest and�� income taxes	30,651	6,922	��	37,573
Other income	(1,349)	-	��	(1,349)
Restructuring and other related costs	1,205	-	��	1,205
Adjusted Operating Earnings	$30,507	$6,922	��	$37,429

��	��	��	��	��
(Unaudited)	Three months ended June 30, 2011
($ thousands)	Fresh Bakery	Frozen Bakery	��	Consolidated
Net earnings	��	��	��	$14,904
Income taxes	��	��	��	7,388
Earnings from operations before income taxes	��	��	��	22,292
Interest expense	��	��	��	264
Earnings from operations before interest and�� income taxes	30,760	(8,204)	��	22,556
Restructuring and other related costs	2,451	10,096	��	12,547
Adjusted Operating Earnings	$33,211	$1,892	��	$35,103

��	��	��	��	��
(Unaudited)	Six months ended June 30, 2012
($ thousands)	Fresh Bakery	Frozen Bakery	��	Consolidated
Net earnings	��	��	��	$27,614
Income taxes	��	��	��	12,030
Earnings from operations before income taxes	��	��	��	39,644
Interest expense	��	��	��	828
Earnings from operations before interest and�� income taxes	36,063	4,409	��	40,472
Other (income) expense	(1,580)	209	��	(1,371)
Restructuring and other related costs	3,292	3,797	��	7,089
Adjusted Operating Earnings	$37,775	$8,415	��	$46,190

��	��	��	��	��
(Unaudited)	Six months ended June 30, 2011
($ thousands)	Fresh Bakery	Frozen Bakery	��	Consolidated
Net earnings	��	��	��	$13,938
Income taxes	��	��	��	4,767
Earnings from operations before income taxes	��	��	��	18,705
Interest expense	��	��	��	603
Earnings from operations before interest and�� income taxes	39,228	(19,920)	��	19,308
Other income	(78)	-	��	(78)
Restructuring and other related costs	12,046	20,551	��	32,597
Adjusted Operating Earnings	$51,196	$631	��	$51,827
��	��	��	��	��

Adjusted Earnings per Share

The following table reconciles Adjusted Earnings per Share to basic
earnings per share as reported under IFRS as indicated below.��
Management believes this is the most appropriate basis on which to
evaluate financial results as restructuring and other related costs are
not representative of operational results.

��	��	��
($ per share)	Three months ended June 30,				Six months ended June 30,
(Unaudited)	2012		2011		2012		2011
Basic Earnings per Share	$	1.05	$	�� 0.59	$	1.09	$	�� 0.55
Restructuring and other related costs⁽ⁱ⁾	��	0.04	��	0.38	��	0.21	��	0.98
Adjusted Earnings per Share⁽ⁱⁱ⁾	$	1.09	$	�� 0.97	$	1.30��	$	�� 1.53

(i) Includes per share impact of restructuring and other related costs, net
of tax.

(ii) May not add due to rounding.

Forward-Looking Statements

This document contains, and the Company's oral and written public
communications often contain, "forward-looking information" within the
meaning of applicable securities laws.�� These statements are based on
current expectations, estimates, forecasts and projections about the
industries in which the Company operates and beliefs and assumptions
made by the Management of the Company. Such statements include, but are
not limited to, statements with respect to objectives and goals, as
well as statements with respect to beliefs, plans, objectives,
expectations, anticipations, estimates and intentions. Specific
forward-looking information in this document includes, but is not
limited to, statements concerning expectations regarding actions to
reduce costs and improve efficiencies, restore volumes and/or increase
prices, timing of promotional investment, improving business trends,
expected duplicative overhead costs incurred due to the concurrent
operation of the new Hamilton fresh bakery and existing bakeries,
expectations regarding the timing and amount of capital investments;
expectations regarding the timing and cost of plant closures; the
expected use of cash balances, source of funds for ongoing business
requirements, capital investments and debt repayment, and expectations
regarding sufficiency of the allowance for uncollectible accounts.
Words such as "expect", "anticipate", "intend", "attempt", "may",
"will", "plan", "believe", "seek", "estimate", and variations of such
words and similar expressions are intended to identify such
forward-looking information. These statements are not guarantees of
future performance and involve assumptions and risks and uncertainties
that are difficult to predict.

In particular, these statements are based on a variety of factors and
assumptions that are discussed throughout this document. In addition,
expectations concerning the performance of the Company's business in
general are based on a number of factors and assumptions including, but
not limited to: the condition of the Canadian, U.S. and U.K. economies;
the rate of exchange of the Canadian dollar to the U.S. dollar and
British pound; the availability and prices of raw materials, energy and
supplies; product pricing; the availability of insurance; the
competitive environment and related market conditions; improvement of
operating efficiencies; continued access to capital; the cost of
compliance with environmental and health standards; no adverse results
from ongoing litigation; no unexpected actions of domestic and foreign
governments and the general assumption that none of the risks
identified below or elsewhere will materialize. All of these
assumptions have been derived from information currently available to
the Company including information obtained by the Company from
third-party sources. These assumptions may prove to be incorrect in
whole or in part. In addition, actual results may differ materially
from those expressed, implied or forecasted in such forward-looking
information, which reflect the Company's expectations only as of the
date hereof.

Factors that could cause actual results or outcomes to differ materially
from the results expressed, implied or forecasted in such
forward-looking information are discussed in more detail under the
heading "Risk Factors" in the Company's Management's Discussion and
Analysis for the year ended December 31, 2011 and are updated each
quarter in the Management's Discussion and Analysis, which are
available on SEDAR at www.sedar.com. The reader should review such sections in detail. The Company does not
intend to, and the Company disclaims any obligation to, update any
forward-looking information, whether written or oral, or whether as a
result of new information, future events or otherwise except as
required by law.

Additional information concerning the Company, including the Company's
Annual Information Form, is available on SEDAR at www.sedar.com.

Canada Bread Company Limited, which is 90% owned by Maple Leaf Foods
Inc. (TSX:MFI), is a leading manufacturer and distributor of fresh
bakery products, frozen par-baked products and fresh pasta and sauces.
The Company had 2011 sales of $1.6 billion and employs approximately
6,000 people at its operations across North America and in the United
Kingdom.

Condensed Consolidated Interim Financial Statements

(Expressed in Canadian dollars)

(Unaudited)

CANADA BREAD COMPANY, LIMITED

Three and six months ended June 30, 2012 and 2011

Consolidated Balance Sheets

��

As at June 30,

��

As at June 30,

��

As at December 31,

(In thousands of Canadian dollars)

2012

��

2011

��

2011

��

(Unaudited)

��

(Unaudited)

��

ASSETS

��

Current assets

��

Cash and cash equivalents

��$

83,631

��

��$

20,671

��

��$

59,223

��

Accounts receivable��

��

45,363

��

48,823

��

56,522

��

Note receivable��

��

39,766

��

83,755

��

45,847

��

Inventories��

��

59,770

��

53,037

��

60,048

��

Income and other taxes recoverable

��

2,875

��

7,066

��

2,162

��

Prepaid expenses and other assets

��

2,481

��

7,937

��

5,218

��

��$

233,886

��

��$

221,289

��

��$

229,020

��

Property and equipment��

��

416,690

��

401,387

��

425,944

��

Investment property��

��

9,522

��

8,389

��

8,415

��

Employee benefits��

��

691

��

Other long-term assets

��

4,405

��

4,134

��

4,456

��

Deferred tax asset

��

15,974

��

12,654

��

17,917

��

Goodwill��

��

266,050

��

261,590

��

266,013

��

Intangible assets��

��

12,274

��

13,335

��

12,710

��

Total assets

��

��$

958,801

��

��$

923,469

��

��$

964,475

��

LIABILITIES AND SHAREHOLDERS' EQUITY

��

Current liabilities

��

Bank indebtedness

��$

1,595

��

��$

��

��$

3,153

��

Accounts payable and accruals

��

176,950

��

183,157

��

185,811

��

Provisions��

��

11,642

��

23,004

��

23,066

��

Due to Maple Leaf Foods Inc.��

��

4,047

��

3,347

��

2,451

��

Dividends payable

��

12,708

��

5,083

��

5,083

��

Current portion of long-term debt

��

264

��

2,323

��

2,452

��

��$

207,206

��

��$

216,914

��

��$

222,016

��

Long-term debt

��

3,093

��

1,675

��

1,634

��

Deferred tax liability

��

19,480

��

23,115

��

21,784

��

Employee benefits��

��

54,498

��

35,333

��

50,434

��

Provisions��

��

5,047

��

6,222

��

5,005

��

Other long-term liabilities

��

257

��

Total liabilities��

��

��$

289,324

��

��$

283,516

��

��$

300,873

��

Shareholders' equity

��

Share capital

��

��$

142,965

��

��$

142,965

��

��$

142,965

Retained earnings

��

536,586

��

517,455

��

530,852

Accumulated other comprehensive loss

��

(10,074)

��

(20,467)

��

(10,215)

Total shareholders' equity

��$

669,477

��

��$

639,953

��

��$

663,602

Total liabilities and shareholders' equity

��$

958,801

��

��$

923,469

��

��$

964,475

��

Consolidated Statements of Earnings

(In thousands of Canadian dollars,except share amounts)��

Three months ended June 30,

��

�� Six months ended June 30,

(Unaudited)

��

2012

��

2011

��

2012

��

2011

��

Sales

��

��$

404,861

��

��$

406,245

��

��$

775,105

��

��$

778,005

Cost of goods sold

��

319,419

��

321,798

��

627,908

��

621,215

��

Gross margin

��

��$

85,442

��

��$

84,447

��

��$

147,197

��

��$

156,790

Selling, general and administrative expenses

��

48,013

��

49,344

��

101,007

��

104,963

��

Earnings before the following:

��$

37,429

��

��$

35,103

��

��$

46,190

��

��$

51,827

Restructuring and other related costs��

��

(1,205)

��

(12,547)

��

(7,089)

��

(32,597)

Other income��

��

1,349

��

1,371

��

Earnings before interest and income taxes

��$

37,573

��

��$

22,556

��

��$

40,472

��

��$

19,308

Interest expense��

��

391

��

264

��

828

��

603

��

Earnings before income taxes

��$

37,182

��

��$

22,292

��

��$

39,644

��

��$

18,705

Income taxes

��

10,407

��

7,388

��

12,030

��

4,767

��

Net earnings��

��

��$

26,775

��

��$

14,904

��

��$

27,614

��

��$

13,938

��

Earnings per share��

��

Basic and diluted earnings per share

��$

1.05

��

��$

0.59

��

��$

1.09

��

��$

0.55

Weighted average number of shares (millions)

��

25.4

��

25.4

��

25.4

��

25.4

��

Consolidated Statements of Comprehensive Income

(In thousands of Canadian dollars)

��

Three months ended June 30,

��

�� Six months ended June 30,

(Unaudited)

��

2012

��

2011

��

2012

��

2011

��

Net earnings

��

��$

26,775

��

��$

14,904

��

��$

27,614

��

��$

13,938

��

Other comprehensive income (loss)

��

Change in accumulated foreign currency

��

translation adjustment

��

2,861

��

(26)

��

563

��

(5,516)

��

Change in unrealized gains and losses��

��

on cash flow hedges

��

278

��

250

��

(422)

��

(855)

��

Change in actuarial gains and losses

��

(2,823)

��

(4,123)

��

��$

316

��

��$

224

��

��$

(3,982)

��

��$

(6,371)

Comprehensive income

��

��$

27,091

��

��$

15,128

��

��$

23,632

��

��$

7,567

��

Consolidated Statements of Changes in Shareholders' Equity

��

Total

��

accumulated

��

other

��

Total

(In thousands of Canadian dollars)

Share

��

Retained

��

comprehensive

��

shareholders'

(Unaudited)

��

capital

��

earnings

��

loss

��

equity

��

Balance at December 31, 2011

��$

142,965

��

��$

530,852

��

��$

(10,215)

��

��$

663,602

��

Net earnings

��

27,614

��

27,614

��

Other comprehensive (loss) income

��

(4,123)

��

141

��

(3,982)

��

Dividends declared ($0.70 per share)

��

(17,757)

��

(17,757)

Balance at June 30, 2012

��

��$

142,965

��

��$

536,586

��

��$

(10,074)

��

��$

669,477

��

Total

��

accumulated

��

other

��

Total

(In thousands of Canadian dollars)

Share

��

Retained

��

comprehensive

��

shareholders'

(Unaudited)

��

capital

��

earnings

��

loss

��

equity

��

Balance at December 31, 2010

��$

142,965

��

��$

510,126

��

��$

(14,096)

��

��$

638,995

��

Net earnings

��

13,938

��

13,938

��

Other comprehensive loss

��

(6,371)

��

(6,371)

��

Dividends declared ($0.26 per share)

��

(6,609)

��

(6,609)

Balance at June 30, 2011

��

��$

142,965

��

��$

517,455

��

��$

(20,467)

��

��$

639,953

��

Consolidated Statements of Cash Flows

(In thousands of Canadian dollars)

Three months ended June 30,

��

�� Six months ended June 30,

(Unaudited)

��

2012

��

2011

��

2012

��

2011

��

CASH PROVIDED BY (USED IN):

��

Operating activities

��

Net earnings

��

��$

26,775

��

��$

14,904

��

��$

27,614

��

��$

13,938

��

Add (deduct) items not affecting cash:

��

Depreciation and amortization

��

12,591

��

11,407

��

23,940

��

23,614

��

Deferred income taxes

��

1,350

��

(480)

��

1,368

��

(3,662)

��

Income tax current

��

9,057

��

7,868

��

10,662

��

8,429

��

Interest expense

��

391

��

264

��

828

��

603

��

(Gain) loss on sale of long-term assets

��

105

��

(4)

��

(126)

��

Change in provision for restructuring��

��

and other related costs

��

(2,248)

��

7,814

��

(6,598)

��

26,200

��

Decrease in pension liability

��

(502)

��

(1,443)

��

Net income taxes paid��

��

(3,836)

��

(7,582)

��

(10,391)

��

(17,400)

��

Interest paid

��

(495)

��

(81)

��

(854)

��

(358)

��

Other

��

266

��

(2,125)

��

416

��

(2,984)

��

Change in non-cash operating��

��

working capital

��

18,482

��

(27,122)

��

11,055

��

(42,653)

Cash provided by operating activities

��$

61,936

��

��$

4,863

��

��$

56,471

��

��$

5,728

��

Financing activities

��

Dividends paid

��

��$

(5,049)

��

��$

(1,525)

��

��$

(10,132)

��

��$

(3,050)

��

Repayment of long-term debt

��

(788)

��

(788)

��

Cash used in financing activities

��$

(5,837)

��

��$

(1,525)

��

��$

(10,920)

��

��$

(3,050)

��

Investing activities

��

Additions to long-term assets

��$

(11,376)

��

��$

(34,071)

��

��$

(22,033)

��

��$

(63,628)

��

Capitalization of interest expense

��

(5)

��

(119)

��

Proceeds from sale of long-term assets

��

403

��

2,448

��

5,442

��

Other

��

(841)

��

(326)

Cash used in investing activities

��$

(11,347)

��

��$

(34,514)

��

��$

(19,585)

��

��$

(58,631)

��

Increase (decrease) in cash��

��

and cash equivalents

��$

44,752

��

��$

(31,176)

��

��$

25,966

��

��$

(55,953)

Net cash and cash equivalents,��

��

beginning of period

��

37,284

��

51,847

��

56,070

��

76,624

Net cash and cash equivalents, end of period

��$

82,036

��

��$

20,671

��

��$

82,036

��

��$

20,671

��

Net cash and cash equivalents is comprised of:

��

Cash and cash equivalents

��$

83,631

��

��$

20,671

��

��$

83,631

��

��$

20,671

Bank indebtedness

��

(1,595)

��

(1,595)

��

Net cash and cash equivalents, end of period

��$

82,036

��

��$

20,671

��

��$

82,036

��

��$

20,671

��

Segmented Financial Information

��

�� Three months ended June 30,

��

�� Six months ended June 30,

��

2012

��

2011

��

2012

��

2011

��

Sales

��

Fresh Bakery

��$

279,164

��

��$

282,364

��

��$

527,347

��

��$

537,449

��

Frozen Bakery

��

125,697

��

123,881

��

247,758

��

240,556

��

��$

404,861

��

��$

406,245

��

��$

775,105

��

��$

778,005

��

Earnings before restructuring and other related

��

costs and other income

��

Fresh Bakery

��$

30,507

��

��$

33,211

��

��$

37,775

��

��$

51,196

��

Frozen Bakery

��

6,922

��

1,892

��

8,415

��

631

��

��$

37,429

��

��$

35,103

��

��$

46,190

��

��$

51,827

��

Capital expenditures

��

Fresh Bakery

��$

8,538

��

��$

29,476

��

��$

17,732

��

��$

55,633

��

Frozen Bakery

��

2,838

��

4,595

��

4,301

��

7,995

��

��$

11,376

��

��$

34,071

��

��$

22,033

��

��$

63,628

��

Depreciation and amortization

��

Fresh Bakery

��$

7,647

��

��$

6,434

��

��$

14,704

��

��$

13,069

��

Frozen Bakery

��

4,944

��

4,973

��

9,236

��

10,545

��

��$

12,591

��

��$

11,407

��

��$

23,940

��

��$

23,614

��

As at June 30,

��

As at June 30,

��

As at December 31,

��

2012

��

2011

��

2011

��

Total assets

��

Fresh Bakery

��

��$

503,055

��

��$

518,890

��

��$

516,485

��

Frozen Bakery

��

352,594

��

352,953

��

368,534

��

Non-allocated assets

��

103,152

��

51,626

��

79,456

��

��$

958,801

��

��$

923,469

��

��$

964,475

Goodwill

��

Fresh Bakery

��

��$

125,892

��

��$

125,892

��

��$

125,892

��

Frozen Bakery

��

140,158

��

135,698

��

140,121

��

��$

266,050

��

��$

261,590

��

��$

266,013

��

SOURCE: Canada Bread Company, Limited

For further information:

Investor Contact: Nick Boland,
VP Investor Relations: 416-926-2005
Media Contact: 416-926-2020

Canada Dividend Investor

Wednesday, August 1, 2012

CBY - <span class="din">Canada Bread Reports Results for the Second Quarter 2012</span> (CAD 0.50)

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