UPDATE: Flowers Foods (FLO) Tops Q1 EPS by 4c, Offers FY Guidance

Flowers Foods (NYSE: FLO) reported Q1 EPS of $0.29, $0.04 better than the analyst estimate of $0.25. Revenue for the quarter came in at $1.19 billion versus the consensus estimate of $1.21 billion.

Updated Guidance for Fiscal 2017:

• Given category trends to date, the company now expects sales to trend to the lower end of the previously provided range of $3.927 billion to $4.006 billion, representing growth of approximately 0.0% to 2.0%.
• Adjusted diluted EPS is now expected to be in the middle of the previously provided range of $0.85 to $0.95, excluding the gain on the sale of the Cedar Rapids, Iowa mix plant of $0.09 per share, and costs associated with Project Centennial of approximately $0.07 to $0.09 per share.

(Street sees FY EPS of $0.89 on revenue of $3.95 billion)

For earnings history and earnings-related data on Flowers Foods (FLO) click here.

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