Flowers Foods (FLO) Misses Q1 EPS by 1c
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Flowers Foods, Inc. Reports First Quarter 2016 Results
May 18, 2016 5:10 PM EDTTHOMASVILLE, Ga., May 18, 2016 /PRNewswire/ --Â Flowers Foods, Inc. (NYSE: FLO), producer of Nature's Own, Wonder, Tastykake, and other bakery foods, today reported financial results for the company's 16-week first quarter ended April 23, 2016.
First Quarter Summary:
Compared to the prior year first quarter
Sales increased 5.1% to $1.204 billion. Acquisitions of Dave's Killer Bread (DKB) and Alpine Valley Bread (Alpine) contributed 5.3% to the overall sales increase. Achieved EPS of $0.28. Costs associated with the conversion of the Tuscaloosa, Ala. bakery to organic production were $2.5 million, or... More