Reported 1 day ago
Flowers Foods, Inc. has encountered significant challenges as its second-quarter sales fell short of expectations and the company issued its second consecutive guidance cut. Analysts, including Truist's Bill Chappell and DA Davidson's Brian Holland, have expressed concerns regarding the company's inconsistent performance and increasing competition from private label brands. While the demand for branded bread remains, Flowers’ stock is expected to remain stagnant until clearer trends in the private label market emerge. The company is also experiencing pressure from changing consumer preferences and economic conditions.
Source: YAHOO