IonQ reaches 1,000 patents milestone with new quantum computing grants
THOMASVILLE, Ga. - Flowers Foods Inc. (NYSE:FLO) reported first quarter earnings and revenue that missed analyst expectations and lowered its full-year outlook.
The bakery company’s shares plunged 8.61% in pre-market trading following the release.
The maker of Nature’s Own and Wonder bread said adjusted earnings per share fell to $0.35, down from $0.38 a year ago and below the $0.38 analysts were expecting. Revenue declined 1.4% to $1.55 billion, missing estimates of $1.6 billion.
Flowers Foods cited economic uncertainty and greater than expected category declines for the weak results. The company said net sales decreased due to volume declines and unfavorable pricing mix from increased promotional activity.
"Despite economic uncertainty and greater than expected category declines in the first quarter, Flowers’ performance underscores the importance of our leading brands, each of which maintained or gained unit and dollar share," said CEO Ryals McMullian.
Looking ahead, Flowers Foods lowered its full-year revenue and earnings guidance. The company now expects fiscal 2025 revenue of $5.297 billion to $5.395 billion, down from prior guidance of $5.403 billion to $5.487 billion. Adjusted EPS is forecast at $1.05 to $1.15, below previous expectations of $1.11 to $1.24.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.