Page 6 - Killer Bread News Today

Operator: Good morning, and thank you for standing by. Welcome to the Flowers Foods Fourth Quarter and Full Year 2023 Results Conference Call. Please be advised that todays event is being recorded.

Record Sales Achieved While Net Income and Adjusted EBITDA Show Declines

Flowers Foods, Inc. Share Price Target '$24.00', now 3.6% Upside Potential

Flowers Foods (NYSE:FLO – Get Free Report) released its earnings results on Thursday. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20, Briefing.com reports. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Flowers Foods had a net margin of 2.70% and […]

Packaged bakery food company Flower Foods (NYSE:FLO) reported results in line with analysts' expectations in Q4 FY2023, with revenue up 4.3% year on year to $1.13 billion. On the other hand, the company's full-year revenue guidance of $5.13 billion at the midpoint came in 1.5% below analysts' estimates. It made a non-GAAP profit of $0.20 per share, down from its profit of $0.23 per share in the same quarter last year.

Gamco Investors INC. ET AL reduced its position in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 0.4% in the third quarter, Holdings Channel.com reports. The firm owned 635,649 shares of the company’s stock after selling 2,740 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Flowers Foods were worth $14,099,000 at the […]

Chartwell Investment Partners LLC decreased its position in shares of Flowers Foods, Inc. (NYSE:FLO – Free Report) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,883 shares of the company’s stock after selling 1,331 shares during the period. Chartwell Investment Partners […]

VELA Investment Management LLC increased its position in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 48.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,922 shares of the company’s stock after acquiring an additional 25,931 shares during the […]

StockNews.com upgraded shares of Flowers Foods (NYSE:FLO – Free Report) from a hold rating to a buy rating in a research note published on Thursday. A number of other analysts also recently commented on the stock. TheStreet downgraded shares of Flowers Foods from a b- rating to a c+ rating in a report on Monday, […]

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