Flowers Foods (NYSE:FLO) spotted trading 0.12% off 52-week high price. On the other end, the stock has been noted 36.33% away from the low price over the last 52-weeks. The stock changed 0.75% to recent value of $24.24. The stock transacted 1985144 shares during most recent day however it has an average volume of 1064.74K shares. The company has 210.31M of outstanding shares and 184.66M shares were floated in the market.
On Aug. 7, 2019, Flowers Foods (NYSE:FLO) producer of Nature’s Own, Dave’s Killer Bread, Wonder, Tastykake, and other bakery foods, revealed financial results for the company’s 12-week second quarter ended July 13, 2019.
Second Quarter Summary:
Compared to the prior year second quarter where applicable
• Sales increased 3.7% to $975.8 million; net sales increased 1.8% excluding the acquisition of Canyon Bakehouse.
• Diluted EPS increased $0.04 to $0.25.
• Adjusted diluted EPS was unchanged at $0.25.
This quarter’s results reflect our strategic priorities to focus on brands, manage costs, make smart acquisitions, and develop the team. You can see this in our continued top-line momentum and market share gains, which illustrate the benefits of our pivot to a more brand-focused organization, said Ryals McMullian, Flowers Foods’ president and CEO. In the quarter, we continued to successfully rollout Canyon Bakehouse across our distribution network, implemented pricing to help mitigate inflationary pressures, and delivered product innovation and marketing programs that supported the growth of Dave’s Killer Bread, Nature’s Own, and Wonder. Growth in bread brands more than offset reduced sales of cake and foodservice products, as we continue to evolve those portfolios to a more attractive margin profile.
Mr. McMullian continued, Improving profitability is a priority. We remain focused on the significant opportunities we see to attack complexities, improve operational efficiencies, and address inflationary pressures from commodities, labor, and transportation. By focusing on sustainable, profitable growth in our core business, and investing strategically in growing adjacencies, we intend to drive free cash flow and deliver shareholder value.
Its earnings per share (EPS) expected to touch remained 47.80% for this year while earning per share for the next 5-years is expected to reach at 7.50%. FLO has a gross margin of 47.80% and an operating margin of 5.60% while its profit margin remained 4.30% for the last 12 months.
According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.51% from the mean of 20 days, 4.05% from mean of 50 days SMA and performed 15.61% from mean of 200 days price. Company’s performance for the week was 2.28%, 3.19% for month and YTD performance remained 31.24%.
Category – Business
After many years in the market, Charles Frey dedicated all his time to write articles highlighting different financial problems. He has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years.
Charles holds a postgraduate degree in Software Engineering. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Charles is a share market expert, being personally invested for over 6 years. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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