Packaged bakery food company Flowers Foods (NYSE: FLO) will be reporting results this Thursday afternoon. Here’s what investors should know.
Flowers Foods met analysts’ revenue expectations last quarter, reporting revenues of $1.57 billion, up 1.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ gross margin estimates.
Is Flowers Foods a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Flowers Foods’s revenue to be flat year on year, slowing from the 1.5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Flowers Foods has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Flowers Foods’s peers in the perishable food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Freshpet delivered year-on-year revenue growth of 15.5%, beating analysts’ expectations by 4.5%, and Beyond Meat reported a revenue decline of 8.2%, topping estimates by 13.3%. Freshpet traded up 7% following the results while Beyond Meat was down 13.5%.
Read our full analysis of Freshpet’s results here and Beyond Meat’s results here.
Investors in the perishable food segment have had steady hands going into earnings, with share prices flat over the last month. Flowers Foods is down 12.9% during the same time and is heading into earnings with an average analyst price target of $8.80 (compared to the current share price of $7.40).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
