Flowers Foods (FLO) Leans On Sourdough While Bread Sales Wilt
On August 21, Flowers Foods (NYSE:FLO) held its second-quarter earnings call, and management didn’t try to spin the results. Net sales fell 4% to $1.193 billion, as a 5.8% drop in volume overwhelmed the modest gains the company squeezed out on price. Branded retail volume fell even harder, down 7.6%, and net income sank 30.3% […]
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