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News Breaks | | | | October 31, 2012 | | 10:08 EDT |  | FLO | Flowers Foods upgraded to Buy from Hold at BB&T
BB&T upgraded Flower Foods pre-open ,citing valuation and its belief that industry fundamentals should rebound over the next 6-12 months. Target $22. | |
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News For FLO From The Last 14 Days Check below for free stories on FLO the last two weeks. |
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| May 16, 2013 | | 09:56 EDT |  | FLO | Flowers Foods sees regulatory process for Hostess purchase complete in 2H
Flowers Foods said its proposed acquisition of Hostess assets is currently undergoing regulatory review and the company expects that process will be completed in the second half of the year. Flowers sees completing its roll-out of new Sara Lee business in California in early June and notes, when done, more than 77% of the U.S. population will have access to Flowers fresh baked products. Repeats unable to give full year guidance as of now due to Hostess transaction still being under regulatory review, but CEO George Deese said, "I can tell you that I believe it will be a record year and that it will meet or exceed our long-term objectives." Says forecast for FY13 input costs is still to be up approximately 3%-5% on a volume neutral basis year-over-year. Comments from Q1 earnings conference call. | | | 09:19 EDT | | FLO | On The Fly: Pre-market Movers
 Subscribe for More Information | | | 06:34 EDT | | FLO | Flowers Foods sees operating earnings 'strong' in Q2, delays FY13 view
R. Steve Kinsey, executive vice president and CFO, said, "We continue to be very optimistic about the outlook for FY13 and, in Q2, we are continuing to see very good sales growth. Q2 operating earnings also are expected to be strong, although we are experiencing start-up costs related to the integration of the Sara Lee business in California. Given that the Hostess transaction is currently under regulatory review, we are delaying FY13 guidance until the review is completed." | | | 06:32 EDT |  | FLO | Flowers Foods reports Q1 EPS ex-items 46c, consensus 42c
Subscribe for More Information | | | May 15, 2013 | | 15:11 EDT | | FLO | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.15; Kohl's (KSS), consensus 58c; Flowers Foods (FLO), consensus 42c; Brady Corp. (BRC), consensus 60c; Prestige Brands (PBH), consensus 35c. | |
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