Why Flowers Foods Stock Was Falling Today
Shares of Flowers Foods (NYSE: FLO) were falling today after the parent of baked goods brands like Tastykake, Wonder Bread, and Dave's Killer Bread cut its full-year guidance in its first-quarter earnings report.
As of 1:31 p.m. ET, the stock was down 10.5%.
Flowers said that revenue in the first quarter rose 6.9% to $1.534 billion, a record for that quarter but slightly below estimates at $1.55 billion.
Source Fool.com
