Flowers Foods Q1 2024 Adj EPS $0.38 Misses $0.41 Estimate, Sales $1.576B Miss $1.579B Estimate
Portfolio Pulse from Benzinga Newsdesk
Flowers Foods (NYSE:FLO) reported Q1 2024 earnings per share of $0.38, missing the analyst estimate of $0.41 by 7.32%. The company also reported sales of $1.576 billion, slightly below the $1.579 billion estimate, but a 2.74% increase from the same period last year.
May 16, 2024 | 8:12 pm
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Flowers Foods reported Q1 2024 EPS of $0.38, missing the $0.41 estimate. Sales were $1.576 billion, slightly below the $1.579 billion estimate but up 2.74% YoY.
The miss on both EPS and sales estimates, despite a year-over-year increase in sales, is likely to negatively impact the stock price in the short term.
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