Flowers Foods meets 4Q profit forecasts

Flowers Foods meets 4Q profit expectations, misses revenue forecasts

THOMASVILLE, Ga. (AP) _ Flowers Foods Inc. (FLO) on Monday reported fourth-quarter earnings of $13 million.

On a per-share basis, the Thomasville, Georgia-based company said it had net income of 6 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 16 cents per share.

The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.

The bakery goods company posted revenue of $868.7 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $872.9 million.

For the year, the company reported profit of $163.8 million, or 78 cents per share. Revenue was reported as $3.93 billion.

Flowers Foods expects full-year earnings in the range of 85 cents to 95 cents per share, with revenue in the range of $3.93 billion to $4.01 billion.

Flowers Foods shares have risen slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.84, a rise of 24 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLO at https://www.zacks.com/ap/FLO

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Keywords: Flowers Foods, Earnings Report

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