Flowers Foods' Fiscal Q3 Adjusted Earnings Increase, Net Sales Decline; Fiscal 2024 Outlook Narrowed

MT Newswires Live11-08

Flowers Foods (FLO) reported fiscal Q3 adjusted earnings Friday of $0.33 per diluted share, up from $0.29 a year earlier.

Analysts polled by Capial IQ expected $0.29.

Net sales for the quarter ended Oct. 5 were $1.19 billion, compared with $1.2 billion a year earlier.

Analysts polled by Capital IQ expected $1.2 billion.

The company narrowed its fiscal 2024 guidance and said it now expects adjusted EPS of $1.24 to $1.28, from the previous range of $1.20 to $1.30.

Net sales is now estimated between $5.12 billion and $5.15 billion in net sales, from $5.09 billion to $5.17 billion previously.

Analysts polled by Capital IQ expect $1.25 in adjusted EPS on revenue of $5.14 billion.

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