The current case before the Supreme Court–the original named plaintiff was Angelo Brock, who was an independent contractor operating a route for Flowers Foods–is essentially part two of this dispute. Since the court already determined that bakery drivers are transportation employees and not bakery workers, the question is whether the FAA transportation exemption applies if the transportation workers never cross state lines.Flowers Foods already has been before the Supreme Court on the question of its bakery ...

Core Insights - The finance leadership change at Flowers Foods follows disappointing second-quarter earnings results, particularly in the bakery products sector [3][4] - The company reported a 1.5% year-over-year increase in net sales to $1.243 billion, but net income fell by 12.8% to $58.4 million due to increased costs and higher interest expenses [4] - Flowers Foods adjusted its full-year guidance, projecting net sales between $5.24 billion and $5.31 billion, down from previous estimates [5] Leadership Change - D. Anthony Scaglione has been appointed as the new CFO of Flowers Foods, effective January 1, succeeding Steve Kinsey, who is retiring after over 30 years with the company [6][8] - Scaglione will receive an annual base salary of $785,000 and a cash payment of $50,000 upon starting [6] - Prior to officially taking the CFO role, Scaglione will provide consulting services at a rate of $375 per hour [7]

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]