Bear of the Day: Flowers Foods (FLO)

Company Overview - Flowers Foods is one of the largest producers of packaged bakery goods in the United States, with well-known brands such as Nature's Own, Dave's Killer Bread, and Wonder Bread [2] Earnings Performance - Over the last sixty days, five analysts have reduced their earnings estimates for Flowers Foods, leading to a decrease in the Zacks Consensus Estimate for the current year from $1.18 to $1.10, and next year's estimate from $1.27 to $1.14 [3] - This indicates a projected 14% contraction in earnings for the current year and a modest 3.6% growth for the next year [3] Industry Context - The Food – Miscellaneous industry, which includes Flowers Foods, is currently ranked in the Bottom 27% of the Zacks Industry Rank [4] - Despite the challenges faced by Flowers Foods, there are other stocks within the industry that are performing well, such as Nomad Foods (Zacks Rank 1) and Ingredion (Zacks Rank 2) [4]