Flowers Foods Updates FY25 Outlook

(RTTNews) - Flowers Foods, Inc. (FLO) said, for the 53-week fiscal 2025, it expects: adjusted EPS of approximately $1.05 to $1.15, compared to prior guidance of $1.11 to $1.24. Excluding the Simple Mills acquisition, the company expects adjusted EPS of $1.13 to $1.22, compared to prior guidance of $1.18 to $1.28.

For fiscal 2025, the company expects net sales of approximately $5.297 billion to $5.395 billion. Prior guidance called for net sales of approximately $5.403 billion to $5.487 billion. Excluding the Simple Mills acquisition, the company expects net sales of approximately $5.079 billion to $5.170 billion. Prior guidance, excluding the Simple Mills acquisition, called for net sales of approximately $5.180 billion to $5.257 billion.

For the first quarter, the company's bottom line totaled $53.00 million, or $0.25 per share. This compares with $73.04 million, or $0.34 per share, last year. Excluding items, Flowers Foods reported adjusted earnings of $73.71 million or $0.35 per share for the period. Analysts on average had expected the company to earn $0.37 per share. Analysts' estimates typically exclude special items. The company's revenue for the period fell 1.4% to $1.554 billion from $1.576 billion last year.

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