1149 ET - Flowers Foods is rethinking its outlook for 2025. "Our prior guidance had assumed some category stabilization, which did not materialize in the first quarter. We are assuming a range of scenarios that anticipate continued category weakness," says CFO Steve Kinsey on an earnings call. The company behind Dave's Killer Bread and other packaged bakery foods now expects sales between $5.3 billion and $5.4 billion in fiscal 2025, as well as adjusted EPS in the range of $1.05 and $1.15; it previously forecast sales between $5.4 billion and $5.49 billion, as well as adjusted EPS in the range of $1.11 and $1.24. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
May 16, 2025 11:49 ET (15:49 GMT)
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