Stephens reduced its price target for Flowers Foods (FLO) to $6.00. The previous target was $8.00. The firm maintained an "Equal Weight" rating.
This adjustment followed Flowers Foods' second-quarter results. Both earnings and revenue fell short of analyst expectations. A 5.8% decline in volumes impacted the bakery company's performance. Consumers shifted purchasing habits due to economic pressures.
Flowers Foods reported Q2 adjusted earnings of $0.21 per share. Revenue reached $1.19 billion. Both figures missed consensus estimates. Management lowered its full-year 2026 guidance. This reduction impacts sales, adjusted EBITDA, and earnings per share. The company cited a weak quarter and challenging market conditions.