Flowers Foods, Inc. (NYSE:FLO), a packaged bakery company, reported weaker-than-expected second-quarter sales and issued its second straight guidance cut, prompting analysts to scale back forecasts and warn of ongoing category headwinds.
Truist Securities analyst Bill Chappell lowered his 12-month price forecast to $15 from $20 while reiterating a Hold rating. He reduced sales and earnings estimates through fiscal year 2027, pointing to Flowers’ inconsistent execution and intensifying private label competition.
