Flowers Foods: Q3 Earnings Snapshot
THOMASVILLE, Ga. (AP) — THOMASVILLE, Ga. (AP) — Flowers Foods Inc. (FLO) on Thursday reported a loss of $46.7 million in its third quarter.
On a per-share basis, the Thomasville, Georgia-based company said it had a loss of 22 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 29 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The bakery goods company posted revenue of $1.2 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.22 billion.
Flowers Foods expects full-year earnings in the range of $1.18 to $1.25 per share, with revenue in the range of $5.09 billion to $5.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLO at https://www.zacks.com/ap/FLO
