Aug. 15 at 11:24 AM
🥖
$FLO Q2 — a mixed bag. Net sales up 1.5% to
$1.243B thanks to the Simple Mills buy, but profits took a hit: net income down 12.8% to
$58.4M, EPS at
$0.28 (adj.
$0.30, beating est.
$0.29).
📉 Adjusted EBITDA slipped 4% to
$137.7M. Simple Mills added
$61.4M in sales but posted a
$2.1M loss, dinging EPS by
$0.01.
📊 The miss on revenue (
$1.27B expected) + weak loaf sales forced
$FLO to cut FY guidance: net sales now
$5.239B–
$5.308B, adj. EPS
$1.00–
$1.10.
⚠️ Competition is heating up. Management’s leaning on cost cuts, innovation, and M&A to keep dough rising. Question is — can
$FLO bake a comeback, or is this loaf going stale?
#Earnings #Stocks #ConsumerStaples
$FLO