Flowers Foods (NYSE:FLO) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.22b (flat on 2Q 2023).
- Net income: US$67.0m (up 5.0% from 2Q 2023).
- Profit margin: 5.5% (up from 5.2% in 2Q 2023).
- EPS: US$0.32 (up from US$0.30 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Flowers Foods Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 3.6%.
Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with Flowers Foods.
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About NYSE:FLO
Flowers Foods
Produces and markets packaged bakery food products in the United States.
Reasonable growth potential average dividend payer.