Flowers Foods, Inc. Reports Second Quarter 2016 Results

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Go back to Flowers Foods, Inc. Reports Second Quarter 2016 Results

Jefferies Cuts Price Target on Flowers Foods (FLO) Following 2Q Results

August 11, 2016 8:27 AM EDT

Jefferies reiterated a Buy rating on Flowers Foods (NYSE: FLO), and cut the price target to $20.00 (from $23.00), following the company's 2Q earnings report. 2Q16 sales of $935M were $11M or 1% below consensus. SG&A expenses were lower than expected resulting in a... More

Flowers Foods (FLO) Misses Q2 EPS by 2c, FY EPS Guidance Falls Short

August 10, 2016 5:12 PM EDT

Flowers Foods (NYSE: FLO) reported Q2 EPS of $0.24, $0.02 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $935 million versus the consensus estimate of $948.98 million.

GUIDANCE:

Flowers Foods sees FY2016 EPS of $0.90-$0.95, versus the consensus of... More