Flowers Foods (FLO) Misses Q2 EPS by 2c, FY EPS Guidance Falls Short
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Flowers Foods, Inc. Reports Second Quarter 2016 Results
August 10, 2016 5:10 PM EDTTHOMASVILLE, Ga., Aug. 10, 2016 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO), producer of Nature's Own, Wonder, Tastykake, and other bakery foods, today reported financial results for the company's 12-week second quarter ended July 16, 2016.
Summary:Compared to the prior year second quarter where applicable
Sales increased 5.2% to $935.0 million. Acquisitions of Dave's Killer Bread (DKB) and Alpine Valley Bread (Alpine) contributed 5.6% to the overall sales increase. Diluted EPS remained unchanged at $0.24. Adjusted diluted EPS increased 4.0% to $0.26.(1) Net income decreased 1.2% to $51.2 million, adjusted net income(1) increased 1.5%.... More