Snyder's-Lance, Inc. Reports 67 Percent Revenue Gain For Fiscal 2011

Singer continued, "We recently completed the development of our strategic plan, which clarifies our priorities and focus, and sets aggressive goals for the next several years. We will focus most of our resources on growing our core brands and product lines (Snyder's of Hanover pretzels, Lance sandwich crackers, and Cape Cod Potato Chips). These core brands represent the categories where we have the best market position, profit margins and growth prospects. These will be the primary focus of our resources and deliver the majority of our internal growth in the next few years. At the same time, we will focus on improving the margins on our allied brands and private brands products. As we move through 2012, we believe this focus and the completion of our integration work will deliver wider profit margins and position the company for long-term profitable growth. We anticipate driving growth in our existing product portfolio through excellent marketing programs and expanded distribution. We also anticipate growth from the internal development of new and existing product lines as well as through strategic acquisitions. "