Flowers Foods, Inc. (FLO) posted first-quarter net income of $37.9 million, a decline from $41.2 million earned a year earlier. Earnings per share dropped to $0.28 from $0.30 in the prior year.
Quarterly sales rose 12% to $898.2 million from $801.8 million in the previous year. The company stated that the increase was attributable to favorable net price/mix of 2.4%, contributions from the Tasty acquisition of 7.9% and volume increases of 1.7%.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share on revenues of $889.74 million for the quarter. Analysts' estimates typically exclude special items.
Looking forward to 2012, based on an increase in interest expense as a result of the recent bond issuance, earnings per share is now expected to increase 3.5% to 8.0% over the 2011 adjusted earnings per share of $0.96. Analysts expect the company to earn $1.04 per share for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.