Flowers Foods said it expects to generate aggregate gross savings of $38 million to $48 million in fiscal 2018 from Project Centennial. Steps taken by the company this year in connection with the program include the naming of a chief operating officer, acceleration of supply chain optimization initiatives and substantial investments to support the launch of Nature's Own Perfectly Crafted bread and Dave's Killer Bread Boomin' Berry bagels. Additionally, selling, distribution and administrative workforce-related expenses have been cut and working capital policies have been enhanced to improve the company's cash conversion cycle.