Shares of Flowers Foods Inc. fell after hours on Thursday after the maker of Wonder Bread and Dave’s Killer Bread forecast full-year sales that were below...
Shares of Flowers Foods Inc. FLO fell after hours on Thursday after the maker of Wonder Bread and Dave’s Killer Bread forecast full-year sales that were below Wall Street’s expectations, citing a “slow start to the year” and “softer category demand” following a quarter in which consumers dined out more regularly. The company said it expected fiscal 2023 sales of between $5.086 billion and $5.141 billion, below FactSet estimates for $5.18 billion. Shares fell 4.7% in after-hours trade.
FLO fell after hours on Thursday after the maker of Wonder Bread and Dave’s Killer Bread forecast full-year sales that were below Wall Street’s expectations, citing a “slow start to the year” and “softer category demand” following a quarter in which consumers dined out more regularly. The company said it expected fiscal 2023 sales of between $5.086 billion and $5.141 billion, below FactSet estimates for $5.18 billion. Shares fell 4.7% in after-hours trade.
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