Flowers Foods (FLO) reported fiscal Q1 adjusted earnings Friday of $0.35 per diluted share, down from $0.38 a year earlier.
Analysts polled by FactSet expected $0.37.
Net sales for the quarter ended April 19 were $1.55 billion, down from $1.58 billion a year earlier. Analysts polled by FactSet expected $1.60 billion.
For fiscal 2025, the company expects adjusted earnings of $1.05 to $1.15 per diluted shares, compared with prior guidance of $1.11 to $1.24. Analysts polled by FactSet expect $1.16.
Flowers Foods expects net sales for fiscal 2025 of $5.30 billion to $5.40 billion, compared with prior guidance of $5.40 billion to $5.49 billion. Analysts surveyed by FactSet expect $5.41 billion.
Flowers Foods shares were down over 5% in recent premarket activity.
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