Stock Track | Flowers Foods Soars 5% Pre-Market on Q3 Earnings Beat, Raised Guidance

Stock Track11-08

Shares of Flowers Foods Inc. (NYSE: FLO) are soaring in pre-market trading on Wednesday, up over 5% after the packaged bakery foods company reported better-than-expected earnings for the third quarter of fiscal 2024.

Flowers Foods posted adjusted earnings per share of $0.33 for Q3, beating the consensus estimate of $0.29. Net sales declined slightly to $1.19 billion, just shy of the $1.20 billion analysts were expecting.

The company attributed the earnings beat to strong performance from its leading brands and successful execution of cost initiatives and portfolio strategy. Despite headwinds from a pressured consumer environment, Flowers Foods was able to grow sales in its key branded retail bread segment.

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(NYSE: FLO) are soaring in pre-market trading on Wednesday, up over 5% after the packaged bakery foods company reported better-than-expected earnings for the third quarter...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FLO","symbol_name":"花苑食品","start_time":0,"source_url":"","article_id":"1143380429","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143380429","pubTimestamp":1731071017,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Flowers Foods Inc.  are soaring in pre-market trading on Wednesday, up over 5% after the packaged bakery foods company reported better-than-expected earnings for the third quarter of fiscal 2024.Flowers Foods posted adjusted earnings per share of $0.33 for Q3, beating the consensus estimate of $0.29. 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