Flowers Foods Slashes 2026 Outlook as Q2 Sales Miss, Volume Tumbles 5.8%
FLO is trading near its 52-week low of $6.8 (1.0% below the low).
Summary
Flowers Foods cut its full-year sales and EPS guidance after Q2 results missed on both top and bottom lines. Net income fell 30% to $40.7M, sales dropped 4% to $1.19B (vs $1.23B expected), and adjusted EPS of 21 cents missed by a penny. Volume declined 5.8%, only partly offset by 1.8% higher pricing/mix. Management cited a challenging consumer environment, rising marketing, labor, and freight costs. The company now sees 2026 sales of $5.07B-$5.14B (down from $5.16B-$5.27B) and adjusted EPS of 75-85 cents (down from 80-90 cents). This follows the 8-K and 10-Q filed earlier today, which also disclosed a dividend cut to $0.50 annually and a new $400M term loan.
At the time of this announcement, FLO was trading at $6.73 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $6.80 to $16.07. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.