Flower Foods shares are trading lower after the company reported worse-than-expected Q1 sales results, issued FY23 EPS guidance on the lower end of estimates and issued FY23 sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Flower Foods reported worse-than-expected Q1 sales results and issued FY23 EPS guidance on the lower end of estimates, along with FY23 sales guidance below estimates.
May 19, 2023 | 2:51 pm
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NEGATIVE IMPACT
Flower Foods' stock is trading lower due to worse-than-expected Q1 sales results and disappointing FY23 EPS and sales guidance.
Flower Foods' stock price is likely to be negatively impacted in the short term due to the worse-than-expected Q1 sales results and the company's FY23 EPS and sales guidance being below estimates. This indicates that the company's performance is not meeting market expectations, which could lead to a decrease in investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100