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Flowers Foods

Flowers Foods (FLO) said Q1 EPS fell 6.5% to 29 cents, in line with views. Revenue rose 2.5% to $1.16 bil, under estimates for $1.2 bil. The maker of Sunbeam, Nature's Own and Dandee packaged bakery goods said its gross margin rose 40 basis points to 48.6% as ingredient costs fell. But margins took a hit from the acquisition of Hostess facilities. Shares fell 0.2% to 20.73.