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
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- US food next wave on display at Winter Fancy Food
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- Nestle organic growth slows but beats expectations
- Post: Weetabix "opens up M&A opportunities"