UPDATE: Flowers Foods (FLO) Tops Q1 EPS by 4c, Offers FY Guidance
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Flowers Foods, Inc. Reports First Quarter 2017 Results
May 17, 2017 4:30 PM EDTTHOMASVILLE, Ga., May 17, 2017 /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 22, 2017.
First Quarter Summary:Compared to the prior year first quarter where applicable
Sales decreased 1.4% to $1.188 billion. Excluding a divestiture, sales decreased 0.9%. Diluted EPS increased 3.6% to $0.29. Adjusted diluted EPS(1) decreased 10.7% to $0.25. Net income increased 1.8% to $60.4 million. Adjusted net income(1) decreased 11.3% to $52.6 million. Adjusted EBITDA(2) decreased 4.2% to $132.8... More