NYSE:FLOFood
Is Flowers Foods (FLO) A Bargain As Weak Q2, Lower Outlook, And Dividend Cut Hit?
Why Flowers Foods stock is under pressure after Q2
Flowers Foods (FLO) came under renewed scrutiny after its August 20 earnings release, which showed softer second quarter results, a lower full year outlook, and a reduced quarterly dividend to preserve financial flexibility.
The weaker Q2 and dividend cut have come on top of already soft trading. Flowers Foods' share price has fallen 7.43% over the past month and 35.31% year to date, while the 1 year total shareholder return is down 49.11%,...