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 17 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
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Danone sales dampened by Europe, China