Flowers Foods Sees FY23 Adj. EPS $1.18-$1.25 vs $1.22 Est., Sales $5.085B-$5.104B vs $5.12B Est.
Portfolio Pulse from Benzinga Newsdesk
Flowers Foods has projected its FY23 adjusted EPS to be between $1.18 and $1.25, which is slightly below the estimated $1.22. The company also expects sales to range from $5.085B to $5.104B, which is also below the estimated $5.12B.
November 09, 2023 | 10:03 pm
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Flowers Foods' lower than expected FY23 earnings and sales projections may negatively impact its stock price in the short term.
Investors often react to a company's earnings and sales projections. In this case, Flowers Foods' lower than expected projections for FY23 may lead to a decrease in its stock price as investors may perceive this as a sign of potential underperformance.
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