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Flowers Foods, Inc. (FLO) has received a Zacks Rank of #5 (Strong Sell) due to disappointing earnings projections. Over the past sixty days, five analysts have downgraded their earnings estimates for the current fiscal year from $1.18 to $1.10 and for next year from $1.27 to $1.14. This translates to a forecasted 14% contraction in earnings this year, with a minimal growth of 3.6% anticipated for the next year.
As one of the largest producers of packaged bakery goods in the U.S., Flowers Foods boasts brands like Nature’s Own and Wonder Bread. However, it is facing challenges in the current market environment, leading to its placement in the Bottom 27% of the Zacks Industry Rank within the Food – Miscellaneous sector.
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