Flowers Foods, Inc. Reports First Quarter 2019 Results
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Flowers Foods (FLO) Tops Q1 EPS by 2c, Revenues Beat; Affirms FY19 EPS Guidance, FY19 Revenue Mid-Point Below Consensus
May 15, 2019 4:35 PM EDTFlowers Foods (NYSE: FLO) reported Q1 EPS of $0.32, $0.02 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.23 billion.
Sales increased 4.8% to $1.264 billion; net sales increased 3.0% excluding the acquisition of Canyon Bakehouse.Diluted EPS increased $0.07 to $0.31.Adjusted diluted EPS(1) increased $0.02 to $0.32."We achieved record sales in the first quarter and are proud of the solid start to the year," said Allen Shiver, Flowers Foods president and CEO. "In our core business,... More
