Flowers Foods IncFLO
▼ NegativeCapitalrelevance
Missed Q2 EPS and revenue estimates, with earnings down year-over-year.
Impact on assets 3
Consumer Staples
Flowers Foods misses Q2 earnings and revenue estimates
2▲0 ▼1Impact / 5
Flowers Foods reported second-quarter adjusted earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.23 per share and down from $0.30 a year earlier. Revenue came in at $1.19 billion, below the consensus estimate of $1.23 billion and down from $1.24 billion in the prior-year quarter. The earnings surprise was negative 8.70%, while the revenue miss was 3.04%. The company has topped consensus EPS estimates twice in the last four quarters. Flowers Foods shares have lost about 31.4% since the beginning of the year, compared with a 12.6% gain for the S&P 500.
Flowers Foods IncMissed Q2 EPS and revenue estimates, with earnings down year-over-year.
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