Flowers Foods: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Flowers Foods (NYSE:FLO) reported Q1 earnings with in-line EPS of $0.38, and revenue up $98 million from the same period last year. Last quarter, the company missed on EPS by $0.0, followed by a 0.77% increase in share price the next day.
May 18, 2023 | 8:15 pm
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Flowers Foods reported Q1 earnings with in-line EPS of $0.38 and revenue up $98 million YoY. Last quarter, the company missed on EPS by $0.0, followed by a 0.77% increase in share price the next day.
Flowers Foods reported in-line Q1 earnings, which is a neutral signal for the stock price. The company's revenue increased by $98 million YoY, indicating growth. However, last quarter's miss on EPS followed by a 0.77% increase in share price the next day suggests that the market may not react strongly to the earnings report. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100