Bloom Is Off Flower Foods; Shares Fall 7%

Baked-goods company Flower Foods(FLO Quote) saw a 5% gain in profit during the first quarter, as consumers opted to eat home to save money -- but shares were in the red Wednesday morning as the company missed expectations by a penny.

The maker of Nature's Own bread said its earnings reached $37.4 million, or 40 cents per share, up from $35.8 million, or 39 cents per share, a year ago. But results slightly misses analysts' forecast of 41 cents.

Sales grew 19% to $807 million from $676.7 million, helped by higher prices and acquisitions. ...