Yesterdays earnings report hit the right notes with investors, the stock traded higher on a beat on both earnings and revenue, while also providing favorable guidance for the full year. Shares jumped 3.5% afterhours so we hope for continuation today, the stock completed a correction from April 18 high and is now approaching that level once again at $22.80. In the longer term our wave 3 target is approx $28.
Company Description
Flowers Foods, Inc. engages in the manufacture and sale of bakery products. It operates through the Direct-Store-Delivery (DSD) and Warehouse Delivery segments. The DSD segment produces fresh breads, buns, rolls, tortillas, and cakes sold by a network of independent distributors to retail and foodservice customers. The Warehouse Delivery segment offers snack cakes and frozen breads and rolls under the Mrs. Freshley's, Alpine Valley Bread, and European Bakers brands.
Company Description
Flowers Foods, Inc. engages in the manufacture and sale of bakery products. It operates through the Direct-Store-Delivery (DSD) and Warehouse Delivery segments. The DSD segment produces fresh breads, buns, rolls, tortillas, and cakes sold by a network of independent distributors to retail and foodservice customers. The Warehouse Delivery segment offers snack cakes and frozen breads and rolls under the Mrs. Freshley's, Alpine Valley Bread, and European Bakers brands.