USA: Flowers Foods lowers Q2 earnings guidance, ratings stable
Thomasville, Ga.-based Flowers Foods has admitted that it anticipates lower-than-expected earnings for its Q2, which will end tomorrow (Saturday). Flowers explained that the shortfall is due to costs incurred as part of the restructuring of Mrs. Smith's Bakeries, the company's frozen foods business, and higher-than-planned costs at Mrs. Smith's Bakeries' Spartanburg, SC, facility. The company's largest operating group, Flowers Bakeries, is performing as planned for the year.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Price an underlying tension across European FMCG
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on the impact of Brexit
- It won't just be Unilever to push for Brexit hikes
- Nestle lowers outlook on "softer environment"
- Bel takes majority stake in MOM Group
- Abbott sees international nutrition sales fall
- Online snack seller Graze makes US retail debut
- Mars launches Maltesers in the US
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review