Flowers FoodsNYSE: FLO

Flowers Foods (FLO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Investors interested in stocks from the Food - Miscellaneous sector have probably already heard of Flowers Foods (FLO) and Nestle SA (NSRGY). But which of these two companies is the best option for those looking for undervalued stocks?

FLO has been benefiting from its focus on innovation and a strategy to shift a larger part of its sales to higher-margin branded retail products.

Flowers Foods gains on core priorities, which include developing its team, focusing on brands, prioritizing margins, and exploring mergers and acquisitions.

Companies in the Zacks Food-Miscellaneous industry have been leveraging strategic pricing and brand-building efforts to navigate a challenging operating environment. Kraft Heinz, McCormick, Ingredion Incorporated and Flowers Foods look well-positioned.

THOMASVILLE, Ga. , Aug. 22, 2024 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced that its board of directors has declared a quarterly dividend of $0.24 per share, an increase of 4.3% over the same quarter last year.

Packaged bakery goods maker Flowers Foods Inc. NYSE: FLO reported mixed results for the second quarter as revenue fell by under 1% to $1.2 billion, failing to meet analyst predictions, and adjusted diluted earnings per share of 36 cents beat consensus estimates by 3 cents.

Flowers Foods (FLO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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