Flowers Foods (FLO) Tops Q2 EPS by 1c, Offers FY Guidance
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Flowers Foods, Inc. Reports Second Quarter 2017 Results
August 9, 2017 5:00 PM EDTTHOMASVILLE, Ga., Aug. 9, 2017 /PRNewswire/ --Â Flowers Foods, Inc. (NYSE: FLO), producer of Nature's Own, Wonder, Tastykake, Dave's Killer Bread, and other bakery foods, today reported financial results for the company's 12-week second quarter ended July 15, 2017.
Second Quarter Summary:Compared to the prior year second quarter where applicable
Sales decreased 0.9% to $926.6 million. Excluding sales related to a divestiture, sales decreased 0.4%. Diluted EPS decreased 12.5% to $0.21. Adjusted diluted EPS(1) decreased 7.7% to $0.24. Net income decreased 12.5% to $44.7 million. Adjusted net income(1) decreased 7.8% to $50.5 million. Adjusted... More