May. 16 at 11:03 AM
$FLO Flowers Foods cuts FY25 adjusted EPS view to
$1.13-
$1.22 from
$1.18-
$1.28
FY25 consensus
$1.16. Sees FY25 net sales of approximately
$5.297 billion to
$5.395 billion, representing 3.8% to 5.7% growth compared to the prior year. Prior guidance called for net sales of approximately
$5.403 billion to
$5.487 billion, representing 5.9% to 7.5% growth. Excluding the Simple Mills acquisition, we expect net sales of approximately
$5.079 billion to
$5.170 billion, representing -0.5% to 1.3% growth compared to the prior year.
Prior guidance, excluding the Simple Mills acquisition, called for net sales of approximately
$5.180 billion to
$5.257 billion, representing 1.5% to 3.0% growth. The partial-year benefit of the Simple Mills acquisition is expected to contribute
$218 million to
$225 million to net sales, compared to prior guidance of
$223 million to
$230 million. The 53rd week is expected to contribute
$70 million to
$80 million to net sales. FY25 revenue consensus
$5.41B.
