Flowers Foods Cuts Annual Outlook As Tariffs Bite Into Profit
From Yahoo Finance: 2025-05-16 12:08:00
Flowers Foods, Inc. reported Q1 adjusted EPS of 35 cents, missing estimates. Sales of $1.55 billion were down 1.4%, while adjusted EBITDA increased 1.6%. The company acquired Simple Mills, contributing to net sales and adjusted EBITDA. Net income decreased 27.4%. FY2025 guidance was lowered for EPS and sales.
CEO McMullian highlighted brand performance and investments in innovation. Flowers Foods faces economic uncertainty and category declines. The company aims to counter weaknesses with proactive measures and long-term strategies. Shares have dropped over 32% in the past year, trading at $17.01 on Friday. Investors can access FLO through the First Trust Cons. Staples AlphaDEX (FXG) ETF.
Read more: Flowers Foods Cuts Annual Outlook As Tariffs Bite Into Profit