Flowers Foods Inc (FLO) released a profit for first quarter that Drops, from the same period last year
The company's bottom line totaled $42.05 million, or $0.20 per share. This compares with $52.99 million, or $0.25 per share, last year.
Excluding items, Flowers Foods Inc reported adjusted earnings of $60.87 million or $0.29 per share for the period.
The company's revenue for the period rose 1.3% to $1.57 billion from $1.55 billion last year.
Flowers Foods Inc earnings at a glance (GAAP) :
-Earnings: $42.05 Mln. vs. $52.99 Mln. last year.-EPS: $0.20 vs. $0.25 last year.-Revenue: $1.57 Bln vs. $1.55 Bln last year.
-Guidance:Full year EPS guidance: $ 0.80 To $ 0.90Full year revenue guidance: $ 5.163 B To $ 5.267 B
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.