🔴 Flowers Foods is trading 5% down in pre-market today after revenue and adjusted EPS miss

Flowers Foods is trading 5.49% down now at $6.71 after August 20 earnings missed expectations on revenue and adjusted EPS.

• Second-quarter sales fell 4.0% to $1.193 billion; adjusted EPS was $0.21 versus $0.24 consensus.
• Management lowered full-year sales guidance to $5.070–$5.142 billion and adjusted EPS guidance to $0.75–$0.85, citing volume declines and consumer pressure.
• Broader consumer-staples weakness added pressure.