Flowers Foods (NYSE:FLO) Second Quarter 2024 Results
Key financial results
- Revenue: $1.22 billion (unchanged from Q2 2023).
- Net income: $67.0 million (up 5.0% from Q2 2023).
- Profit margin: 5.5% (compared to 5.2% in Q2 2023).
- Earnings per share: $0.32 (compared to $0.30 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Flowers Foods’ sales and profits miss expectations
Sales missed analysts’ estimates by 1.4%. Earnings per share (EPS) also missed analysts’ estimates by 3.6%.
An average sales growth of 1.3% per annum is expected for the next three years. In the US food industry, however, growth of 3.1% is forecast.
Performance of American food industry.
The company’s share price remained largely unchanged compared to the previous week.
Risk analysis
Find out about the 4 warning signs we discovered it at Flowers Foods.
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