Flowers Foods (FLO) Misses Q1 EPS by 3c ; Provides Outlook

Flowers Foods (NYSE: FLO) reported Q1 EPS of $0.35, $0.03 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.6 billion.

The company\'s outlook is based on the following assumptions:

Depreciation and amortization of approximately $170 million to $175 million, compared to prior guidance of $175 million to $185 million.
Net interest expense of approximately $63 million to $68 million, compared to prior guidance of $60 million to $65 million.
An effective tax rate of approximately 25%.
Weighted average diluted share count for the year of approximately 212.3 million shares.
Capital expenditures of approximately $140 million to $150 million, with $4 million to $6 million related to our enterprise resource planning system upgrade.

For earnings history and earnings-related data on Flowers Foods (FLO) click here.

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