Flowers Foods (FLO) Misses Q1 EPS by 1c, Slight Beat on Revenues; Offers FY18 Revenue Mid-Point Outlook Above Consensus
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Flowers Foods, Inc. Reports First Quarter 2018 Results
May 16, 2018 4:15 PM EDTTHOMASVILLE, Ga., May 16, 2018 /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 16-week first quarter ended April 21, 2018.
First Quarter Summary:Compared to the prior year first quarter where applicable
Sales increased 1.6% to $1.206 billion. Excluding a 2017 divestiture of a mix manufacturing business, sales increased 1.7%. Diluted EPS decreased $0.05 to $0.24. Adjusted diluted EPS(1) increased $0.05 to $0.30. Net income decreased 15.2% to $51.2 million. Adjusted net income increased 20.1% to $63.2 million... More