Flowers Foods Affirms 2009 Profit, Sales Outlook
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FLO
THOMASVILLE, Ga. (AP) Bakery goods company Flowers Foods Inc. on Wednesday affirmed its 2009 profit and sales guidance, saying profit will likely rise from 2008.
The company said it expects 2009 profit of $1.37 to $1.48 per share. Analysts polled by Thomson Reuters anticipate profit of $1.45 per share for the year. In 2008, the company earned $1.28 per share. Flowers Foods also said it expects sales growth of 13 percent to nearly 15 percent, or between $2.72 billion and $2.77 billion. Analysts see sales of $2.73 billion. Also on Wednesday, the company said its first-quarter profit rose nearly 5 percent, helped by more consumers eating at home to save cash.- Loading Comments...
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