Flowers Foods, Inc. Reports Fourth Quarter And Full Year 2019 Results
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Flowers Foods (FLO) Tops Q4 EPS by 1c, Revenues Beat; Offers FY20 EPS/Revenue Mid-Point Guidance Above Consensus
February 5, 2020 4:52 PM ESTFlowers Foods (NYSE: FLO) reported Q4 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $917.8 million versus the consensus estimate of $910.27 million.
Fourth Quarter Summary: Compared to the prior year fourth quarter where applicable
Sales increased 4.2% to $917.8 million; excluding the acquisition of Canyon Bakehouse, net sales increased 1.2%.Diluted EPS decreased $0.09 to $0.01.Adjusted diluted EPS(1) increased $0.02 to $0.18.CEO's Remarks: Ryals McMullian, Flowers Foods\' president and CEO, said, "We are pleased to report solid fourth quarter performance and record sales and... More
