FLO - Flowers Foods Non-GAAP EPS of $0.38 in-line revenue of $1.53B misses by $20M
2023-05-18 16:14:12 ET
- Flowers Foods press release ( NYSE: FLO ): Q1 Non-GAAP EPS of $0.38 in-line.
- Revenue of $1.53B (+6.3% Y/Y) misses by $20M .
- Adjusted EBITDA decreased 8.7% to $151.1 million, representing 9.8% of sales, a 170-basis point decrease.
- 2023 Outlook: Sales in the range of approximately $5.086 billion to $5.141 billion vs. consensus of $5.18B , representing an increase of approximately 5.8% to 7.0% compared to the prior year period.
- Adjusted EBITDA in the range of approximately $494 million to $528 million.
- Adjusted EPS in the range of approximately $1.15 to $1.25 vs. consensus of $1.25.
- Shares -2.91% .
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Flowers Foods Non-GAAP EPS of $0.38 in-line, revenue of $1.53B misses by $20M