Flowers Foods (NYSE:FLO) reported its Q2 earnings results on Thursday, August 11, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Flowers Foods beat estimated earnings by 14.81%, reporting an EPS of $0.31 versus an estimate of $0.27.
Revenue was up $112.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 5.49% increase in the share price the next day.
Here’s a look at Flowers Foods’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.39 | 0.21 | 0.25 | 0.28 |
| EPS Actual | 0.44 | 0.20 | 0.30 | 0.32 |
| Revenue Estimate | 1.40B | 991.10M | 1.00B | 1.01B |
| Revenue Actual | 1.44B | 983.49M | 1.03B | 1.02B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Flowers Foods management provided guidance for FY 2022, expecting earnings between $1.25 and $1.3 per share.
To track all earnings releases for Flowers Foods visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
