date:Feb 07, 2014
Shares in Flowers Foods slipped in early trading in the US today (6 February) after the US bakery giant's fourth-quarter earnings - and its guidance for 2014 - were under Wall Street forecasts.
Flowers reported a 0.5% increase in adjusted net income to US$38.8m for the 12 weeks to 28 December. Adjusted net income per diluted share was $0.18, matching last year's level.
According to Janney Montgomery Scott analyst Jonathan Feeney, the consensus forecast among Wall Street was for $0.19 a share.