Flowers Foods (FLO) Tops Q1 EPS by 8c, Offers FY20 Guidance

Flowers Foods (NYSE: FLO) reported Q1 EPS of $0.41, $0.08 better than the analyst estimate of $0.33. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.32 billion.

GUIDANCE:

Flowers Foods sees FY2020 EPS of $1.00-$1.08, versus the consensus of $1.06. Flowers Foods sees FY2020 revenue of $4.206-4.289 billion, versus the consensus of $4.3 billion.

• Sales in the range of approximately $4.206 billion to $4.289 billion, representing growth of approximately 2.0% to 4.0%.
• Diluted EPS in the range of approximately $0.57 to $0.65, including a $0.41 per share charge related to the termination of a defined benefit pension plan.
• Adjusted diluted EPS in the range of approximately $1.00 to $1.08, adjusted for items affecting comparability, representing growth of approximately 4.2% to 12.5%.

For earnings history and earnings-related data on Flowers Foods (FLO) click here.

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