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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 today's 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.