By Denny Jacob

Flowers Foods lowered its outlook for the year, the latest company to pull back on prior estimates as it grapples with an uncertain business environment.

"Our adjusted 2025 financial guidance reflects our first quarter performance, the challenging consumer environment, and potential for increased tariff costs," said Chief Executive Ryals McMullian.

The Thomasville, Ga., company behind Dave's Killer Bread and other packaged bakery foods now expects sales between $5.3 billion and $5.4 billion in fiscal 2025, as well as adjusted earnings per-share in the range of $1.05 and $1.15. It previously forecast sales between $5.4 billion and $5.49 billion, as well as adjusted earnings per-share in the range of $1.11 and $1.24.

Flowers Foods logged net income of about $53 million, or 25 cents a share, for the first quarter ended April 19, down from about $73 million, or 34 cents a share, in the prior-year period.

Stripping out certain one-time items, earnings came in at 35 cents a share. Analysts polled by FactSet expected 37 cents a share.

Sales fell to $1.55 billion from $1.58 billion. Analysts polled by FactSet expected about $1.6 billion.

Flowers Food said the topline decline came as the benefit from its acquisition of Simple Mills was more than offset by pricing/mix and volume declines.

Shares ticked down 4.6% to $16.28 in premarket trading. The stock is down 17% on the year.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

May 16, 2025 07:30 ET (11:30 GMT)

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