Flowers Foods Q1 Adj EPS $0.38, Inline, Sales $1.53B Miss $1.55B Estimate
Portfolio Pulse from sunil@benzinga.com
Flowers Foods reported Q1 earnings of $0.38 per share, in line with analyst estimates, but sales of $1.53 billion missed the $1.55 billion estimate. This represents a 13.64% decrease in earnings and a 6.82% increase in sales compared to the same period last year.
May 18, 2023 | 8:12 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Flowers Foods' Q1 earnings met expectations, but sales missed estimates, with a 13.64% decrease in earnings and a 6.82% increase in sales YoY.
Flowers Foods' Q1 earnings met analyst expectations, but sales missed estimates. The mixed results may lead to a neutral short-term impact on the stock price. Earnings decreased by 13.64% compared to the same period last year, while sales increased by 6.82%. The stock price may not experience significant movement due to the balance between the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100