NYSE:FLOFood
Is Flowers Foods (FLO) Too Leveraged To Pivot Away From Its Declining Packaged Bread Core?
Flowers Foods has recently highlighted ongoing secular headwinds in its core packaged bread business, as consumers continue shifting toward snacks and private-label bakery alternatives, while newer brands like Simple Mills remain too small to fully offset declining bread volumes.
An important insight is that Flowers Foods’ elevated leverage may limit its flexibility to pursue larger acquisitions or expansion, potentially leaving it less able than some peers to reposition around changing...